FAST AND SIMPLE PROCESS
FAST TRACK RESIDENCY
(Invest more than €300,000)
Easy Access
within EU
within EU
Property investment
€300.000
€300.000
Visit Cyprus
Once every 2 years
Once every 2 years
Granted with
2 Months
2 Months
Validity
Valid for life
Valid for life
Covers
Whole Family-Children, Spouse & Grandparents
Whole Family-Children, Spouse & Grandparents
REQUIREMENTS
The fast-track Permanent Residence Program enables the granting of a permanent residence permit to foreigners who intend to invest in Cyprus, provided that the following requirements are met:
The fast-track Permanent Residence Program enables the granting of a permanent residence permit to foreigners who intend to invest in Cyprus, provided that the following requirements are met:
- Residential or other property with a minimum market value of E 300,000 + VAT purchased in Cyprus
- Secured annual income from abroad and from sources other than employment in Cyprus
- Funds transferred from abroad and deposited in a Cyprus Bank in a three-year Fixed Deposit Account
- The residence permit holder must visit Cyprus at least once every two years to maintain his/her status
STEP 1: Select real estate investment
Investor selects property/ies either by visiting Cyprus or through correspondence
STEP 2: Payment
Purchase agreement signed
Minimum requirement of € 200,000 as initial payment and €30.000 to be blocked in a Cyprus financial Institution for3 years
STEP 3: Documentation Submission
Required residency documents need to be prepared and submitted to the Civil Registry and Migration Department, or to the District offices
STEP 4: Issue of Permanent Residency
Residency permit is issued within two (2) months
STEP 5: Residency Permit and ID cards
Upon approval, the applicant is required to visit Cyprus within one year to obtain the actual permit and digital ID cards
STEP 6: Visit Cyprus every 2 years
The Immigration Permit may not be canceled, provided that the applicant and his/her dependents visit Cyprus at least once every two (2) years
**Standard track applications for EU Permanent Residency can be submitted for an investment starting from €150,000.
Investor selects property/ies either by visiting Cyprus or through correspondence
STEP 2: Payment
Purchase agreement signed
Minimum requirement of € 200,000 as initial payment and €30.000 to be blocked in a Cyprus financial Institution for3 years
STEP 3: Documentation Submission
Required residency documents need to be prepared and submitted to the Civil Registry and Migration Department, or to the District offices
STEP 4: Issue of Permanent Residency
Residency permit is issued within two (2) months
STEP 5: Residency Permit and ID cards
Upon approval, the applicant is required to visit Cyprus within one year to obtain the actual permit and digital ID cards
STEP 6: Visit Cyprus every 2 years
The Immigration Permit may not be canceled, provided that the applicant and his/her dependents visit Cyprus at least once every two (2) years
**Standard track applications for EU Permanent Residency can be submitted for an investment starting from €150,000.