PERMANENT RESIDENCY IN CYPRUS
FAST-TRACK RESIDENCY
- Investment in Real Estate with a minimum value of €300,000 (+VAT)
- It is granted to the applicant, the spouse, both their parents and dependent children up to the age of 25
- The procedure takes 3 months
- Investment should be in a new property
RESIDENCY REQUIREMENTS & BENEFITS
- Concerns non-EU citizens
- Lifetime Residency
- It is not necessary to reside in Cyprus but to visit Cyprus once every two years
- Proof of income required to be at least €30,000 per year with an additional €5,000 for every dependent
SLOW-TRACK RESIDENCY
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- Investment in Real Estate for a value less than €300,000 (+VAT)
- It is granted to the applicant, the spouse, and dependent children
- The procedure takes 12-18 months
- Investment can be in a new or old property
