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Permanent Residency

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Permanent Residence Permit in Cyprus

A simplified and fast-track procedure for obtaining a permanent residence permit is only provided for buyers of new properties of the value at least €300,000 excluding VAT.

Investment Criteria

Fast track Residence Permit may be obtained through a secure property investment, the financial criteria are as follows:

Cyprus

Application Criteria

In addition to make a financial investment applicants must also meet the following criteria/supply the following documents:

Passport

passport

Curriculum Vitae

biography

Children’s Birth certificates

birth

Police clearance certificate from country of origin

police-clearance

Marriage certificate (if applicable)

marriage

Official Statements by the applicant and his/her spouse that they do not intent to undertake any sort of employment in Cyprus.

statement

Health Insurance Policy for the applicant and his/her dependents

health-inssurance

Major Benefits

The Process

1

Applicant must gather all necessary papers required for application. The documents must be officially translated into Greek or English and certified with apostille (if in a country which has signed the Hague Convention of 1961) or stamped by the Ministry of Foreign Affairs and relevant Cyprus Embassy.

2

Selected property/ies (through visit to Cyprus or via correspondence). Sign purchase agreement and transfer funds to a secure account. Receipt issued by developer, which is required for application.

3

Payment of submission fee €500 for the applicant.

4

Application lodged, together with the property purchase agreement and all required documents, at the Civil Registry and Migration Department (CRMD).

5

Fast Track Residence Permit form CRMD within a 3 month period.

6

Applicants must visit Cyprus after receiving approval to provide authorities with their Biometric Data and to collect their Residence Permit Cards.

7

The Immigration Permit issued to an applicant covers his/her spouse and children under the age of 18.