Cyprus: +357 77 77 01 03
Lebanon: +961 1 900 000

info@pluspropertiescyprus.com

PERMANENT RESIDENCY

PROGRAM

  • Concerns NON EU citizens
  • It is granted to applicant, his spouse and both their parents for life
  • It is granted to applicant’s dependent children up to 25 years
  • Holders of this Permit may own Cyprus Company and receive dividends from its profit

 

PERMANENT RESIDENCY BENEFITS

  • Fast track application procedure takes 2 months
  • High approval rate if all criteria are satisfied
  • It is not necessary to reside in Cyprus but a visit once every two years is required
  • Dependents can be enrolled in high quality private schools
  • The whole process can be arranged without being present in the country
  • Only one visit is required for biometric capturing
  • Freehold property
  • No inheritance tax
  • One of the lowest property taxes in the world
  • Easy travel to other European countries

 

CATEGORY OF PERMIT REQUIREMENTS

  • Income required/year should be at least Euro 30.000 for a single applicant plus Euro 5.000 for each dependent on his family member 
  • New changes in 2016 allow the parents of applicant & his/her spouse to be added to application by providing a further income of Euro 8.000/dependent parent
  • The applicant should purchase a property with a minimum value of Euro 300.000 plus VAT or 2 properties from the same developer for the same value mentioned above
  • A bank deposit of Euro 30.000 in Cypriot bank is required & blocked for 3 years
 
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