Apartments for sale in Cyprus Cyprus homes for sale
Apartments for sale in Cyprus Cyprus homes for sale
Houses for sale in Cyprus +357 9936 4333
Buy home in Cyprus +357 7000 9876

Permanent Residence Permit in Cyprus

Main requirements needed to gain Permanent Residence Permit in Cyprus within 3 months:

  • Purchase a Cyprus property worth over €300,000 +V.A.T. (5%)
  • Create a long-term deposit in a Cypriot bank of €30,000 which will be pledged for at least a three year period.
  • The property must be new, not resale.

Cyprus citizenship by investment

Main requirement needed to gain Cyprus Passport - Cyprus Citizenship by investment within 3 months:

  • Investment of €2 million into real estate at your choice.
  • Keep your real estate investment (Apartment, home, villa) for a minimum period of 3 years. Please note you are entitled to sell your investment in 3 years.
  • If you would like to sell your investment after 3 years you must have at least one property in Cyprus which the value of the purchase price will be minimum €500,000+V.A.T. Preferably the property must to be brand new.

Please note the above information are only the main requirements needed. For more specific information 1) How to get Cyprus permanent residence permit by investment or 2) How to get Cyprus passport by investment please see the below information.

How to get Cyprus permanent residence permit by investment

The instruction from the ministry of interior:

The Minister of Interior has decided on the preferential treatment for immigration permits categories F, (as it is stated in the Aliens Immigration Law of 1972 until 2004), which regards the citizens of third world countries who have purchased a house to use as their personal residency in Cyprus, and whole value is not less than €300.000. The immigration permit mentioned above, is also valid as a permanent permit in Cyprus and its holders are exempted from time consuming immigration procedures which are necessary for other categories of citizens of third world countries who wish to enter Cyprus (e.g. Consulate valuations, renewals of residency permits, re-entry permits etc.). Preferably, the property must be written on the name of the Immigration Permit Applicant.

Cyprus Migration Policy Category F relates to people that are third-country nationals which will not be working in Cyprus but will remain in Cyprus as permanent residents. They must have at their disposal a secured annual income (No work in Cyprus) of at least €10,000 euro and a further €5,000 euro for every dependent person who may, for example, emanate from pensions, shares or even permanent deposits. This income however must not emanate from any employment or self- employment in Cyprus but only from abroad. The immigration control board may demand additional income if they deem necessary. Category F concerns persons who are citizens of a third world country and personally own at their full and free disposal a secured annual income of an appropriate amount, which is not derived from any work (employment nor self-employment) done in Cyprus, but from work that would be done abroad.

How to apply for a permanent residence permit in Cyprus by investment

  1. The main requirement needed is the purchase of a brand-new property (Apartment, villa, home) of the price at least €300,000+v.a.t. The v.a.t for the first-time buyer for property in Cyprus is 5% up to 200 sq.m. Second time buyer of property in Cyprus (Buy more than one property) the v.a.t is 19%. The applicant must sign and submit the application form accompanied with the contract of sale and the receipt of proof of payment of the minimum amount of €200,000+v.a.t. Please note: Regarding the contract of sale must to be with 1) Stamp Duty 2) Deposit to the Land Registry Office and copy of the payment receipt from the land registry office. The property (Apartment, home, villa) can also be bought by a company but the applicant they have to prove they are the only shareholder.
  2. The buyer of the property must have a confirmation letter from any bank of Cyprus that they have deposited the amount of €30,000 which is transfer from abroad into Cyprus bank account which will be pledged for a 3 years period. After the 3 years, the amount will be released without any restrictions.

The applicant must prove of evidence of an annual income of at least €30,000. The amount must increase by €5,000 for the spouse and every additional child and the amount of €8,000 for each dependent parent. Doesn't matter from where and how the income coming from, maybe is a salary from employment, maybe is from rent or a pension, or if is a company dividend from shares. But the most important must the income comes from abroad not from Cyprus. The buyer of the residency in Cyprus must prove the source of income which is very important factor for the government in Cyprus, which is also very important for European Union. So, if you would like to obtain and to be eligible for the permanent residency in Cyprus you MUST to prove it.

What are the benefits:

  • The property applies for the whole family, such as spouse and children under 18 years old
  • Dependent children (Not married) up to 25 years old and the parents of the applicant can be also eligible
  • Your childs can enter to any school of Cyprus or to private english schools
  • You must visit Cyprus only one time every 2 years for at least 2 days

Most common questions and answers

Category F was initially directed to people that arrive in Cyprus and remain in Cyprus as tourists, with their income arriving from abroad.
During the peak of the financial crisis the Minister of Interior decided to combat the ongoing crisis by presenting a new regulation regarding Category F by providing incentives to third country citizens. Below is a quote from the original regulation that was decided on the 28 of May 2009.

The objective: This parameter is part of the efforts which the government is making to face the world financial crisis, especially to strengthen the real estate market in Cyprus, by increasing incentives of citizens of third world to purchase house.

The decision: The Minister of Interior has decided on the preferential treatment for immigration permits categories F, (as it is in the Aliens Immigration Law of 1972 until 2004), which regards the citizens of third world countries who have purchased a house to use as their personal residence in Cyprus, and whole value is not less than €300,000.

The result: The immigration permit mentioned above, is also valid as a permanent permit in Cyprus and its holders are exempted from time consuming immigration procedures which are necessary for other categories of citizens of third world countries who wish to enter Cyprus (e.g. Consulate valuations, renewals of residency permits, re-entry permits etc.).

The application: Category F concerns person who are citizens of a third world country (Non-European Citizens) and personally own their full and free disposal a secured annual income of an appropriate amount, which is not derived from any work employment or self-employment done in Cyprus, but from work that would be done abroad.

Therefore, Third Country Nationals that can quality for Category F should be: 1) Persons who posses and have fully and freely at their disposal a secured annual income, high enough to give them a decent living in Cyprus, without having to engage in any business, trade of profession. 2) The annual income required should be at least €10,000 for a single applicant and moreover at least €5,000 for every dependent person, but the Immigration Control Board may demand additional amounts as necessary. Most applicants come under this Category, the majority of them being pensioners or retired persons. When the permit is issued: A) Temporary residence permit (pink slip) B) The applicants are allowed to apply for the permanent residency which gives them the right to reside for life.

Please note: Applicants that reside in Cyprus for totally 7 years and more can apply for the Citizenship in Cyprus. The approval for Category F applicants are subjects: To their applications and whether it qualifies and Upon the approval by Government Committee appointed to decided on this matter.

What forms should be completed:

  1. Form M.67: Application for Immigration Permit under any of the Categories A to F, Inclusive, of Regulations 5 of the Aliens and Immigration Regulation Cap.105
  2. Affidavit from Cyprus Court

Relevant documents required after forms have been completed for the permanent residence permit in Cyprus:

  • Notarised Passport Copy
  • Curriculum Vitae
  • Original Documents of Bank Deposits
  • Original documents and Affidavit to prove income from other sources other than employment (e.g. income from shares, companies, property, industry)
  • Original documents to prove the purchase of property in Cyprus (The contract is required that also states the price of the property)
  • Documents that prove occupation
  • Utility Bill (for example, electricity bill to prove the country of residence)
  • Property title deed or any additional property deed
  • Reference Letter from the foreign bank
  • Health Insurance Certificate (Resident in Cyprus)
  • Certificate of Clean Criminal Record
  • Marriage Certificates
  • Birth Certificates
  • Two (2) photographs for each member in the family

Please note: All documents must be translated to English language and stamped from the Cyprus embassy in your country.

Cyprus passport by investment

What requirement needed for a Cyprus citizenship by investment:

  • A minimum real estate investment of €2 mil.
  • The investment must to be for a minimum 3 years period. Please note you are entitled to sell your investment in 3 years
  • Clean criminal record
  • The Applicants who have applied for citizenship in another European country and has been rejected are not eligible for the citizenship in Cyprus
  • The documents for required for a citizenship (Passport) in Cyprus are the same as above with the permanent residence permit

How long its take for the whole procedure for the Citizenship in Cyprus by investment?

  • Citizenship in Cyprus will be completed within 6 months from the day you will deposit all the needed documents. Important mention, no need to stay in Cyprus

Cyprus citizenship for non eu

In September 2016, the Cyprus government introduced new changes to citizenship by investment into real estate in Cyprus. The changes include the reduction of the minimum real estate investment amount to €2 million and the possibility to include the parents of the main applicant provided that an additional €500,000 + VAT will be invested in the purchase of a private residence in Cyprus.

By investing, you and your family members, become Cyprus / EU Citizens, holding the same rights as any other European citizen, such as freedom of movement, freedom of employment, etc. in any EU Member State and also freedom to open business in Cyprus.

What are the benefits for Cyprus citizenship by investment

  1. The right of free movement, freedom to work and study within the European countries
  2. Allows visa-free travel to 173 destinations
  3. Allows to stay and to live in any of 28 countries of Europe
  4. Cyprus has very low crime
  5. You can have all the European rights

Please note that our services include the handling of your application and other procedural aspects, so that you receive your passport in a timely manner. The investment must be retained for at least 3 years and thereafter this period you may, if you choose to do so, sell or retain the investment. Please do not hesitate to contact us should you require any further information or clarifications.

Buy property in Cyprus and get citizenship

Our associates are the keystone of our company for proviting the ideal real estate solution for permanent residence permit or for a citizenship by buying a property in Cyprus. Our team consists of lawyers, bankers, constructors and technical advisors, with specialized expertise in the real estate sector and also specialized in a immigration scheme programs for non eu citizens. We provide to our clients multiple services and solutions for they find the ideal property in Cyprus for secure investment. Step by step with our clients to achieve our goal 1) Citizenship in Cyprus 2) Secure real estate investment in Cyprus with diachronic value.

Cyprus citizenship by buying property

Please feel free to navigate to our properties portfolio and choose from our huge selections of properties in Cyprus your ideal property to buy in Cyprus. Are you interested for investment programme for Cyprus investment? Are you interested for cypriot citizenship? With us you can have all services you may need!