Cyprus Real Estate, Residency & Citizenship

CYPRUS RESIDENCY

In 2012, the Government of the Republic of Cyprus introduced new legislation under which enables non-EU citizens to obtain a Cyprus residence permit by investing in Cypriot property.

Cyprus Permanent Residency

  • Non European Citizens who are buying property for residency at a value of minimum €300,000 + vat are entitled to residency.
  • No need to reside in Cyprus.
  • Fast process (only two months).
  • Language examination is not required.
  • Ability to reside in Cyprus with no limitation.
  • Free education for children.
  • Ability to establish a business.
  • The right to request citizenship in due time.
  • The Residency is applicable to you, your spouse, children and grandparents.

Requirements

  • To prove that they have a guaranteed annual income of €30,000 which are not from employment in Cyprus but rather from other sources.
  • To provide a letter from a bank in Cyprus confirming that they have deposited a minimum amount of €30,000 that will be secured for a period of at least three years.
  • The candidate must submit that he/she don’t have any criminal record.
  • Declare that he/she is not planning to work or be employed in Cyprus.