Cyprus Permanent Residency
With a simple process, short approval time and a low investment amount, the Cyprus Permanent Residency option is a popular route taken by those looking to relocate to Cyprus or to secure a back-up plan for the future of their family. To be eligible for Cyprus Permanent Residency, investors must meet the following criteria:
Invest
Invest in a new property worth a minimum of €300,000 plus VAT. This property must be held for life.
CCR
You must posses a Clear Criminal Record
Income
Proof of Income (€30,000 annually plus an additional €5000 per dependant, and €8000 per parent included in the application)
Deposit
Fixed deposit of €30,000 in a Cyprus Bank for 3 years.
Visit
Visit to Cyprus – Once to register biometrics, and once every 2 years after approval.
Time
Time from application submission to approval is a minimum of 2 months.