Obtaining Permanent Residency in Cyprus through Property Purchase

To apply for permanent residency, you will need:

• Completed application form.
• Certificate of no criminal record.
• Medical insurance agreement.
• Two passport-sized photos.
• A valid passport and its copy.
• Marriage and birth certificates.
• A bank statement from a Cypriot bank confirming a minimum deposit of 30,000 euros.
• A purchase agreement for property worth 300,000 euros or more.
• Receipt of payment transfer.
• Proof of income.
• Declaration of non-employment in Cyprus.
• Proof of assets outside the island.
• All documents must be translated into English and notarized.

By obtaining permanent residency in Cyprus, you will gain:

• The right to live on the island without time limitations.
• Permanent residency in Cyprus does not grant visa-free travel to other European countries as Cyprus is not part of the Schengen Area.
• The process of obtaining permanent residency does not affect tax residency, but you can change your tax residency if desired.
• Permanent residency does not grant the right to work in Cyprus.
• After 7 years of continuous residency, you can apply for Cypriot citizenship.

The Permanent Residency by Investment program in Cyprus offers an accelerated procedure for obtaining a residence permit. Simply purchasing a property worth at least 300,000 euros and completing the necessary documentation within 2 months is sufficient. This is much faster compared to the standard procedure, which can take years.

The main advantage of permanent residency in Cyprus is that it remains valid throughout your life, as long as the conditions are met. You can enjoy life on this beautiful island with your family, and the likelihood of a residency application being rejected is practically nonexistent.

Residence permit holders are required to visit Cyprus periodically to maintain their right to residency. After seven years of continuous residency, you can apply for Cypriot citizenship.

Are you ready to obtain permanent residency in beautiful Cyprus? Purchasing a property is your chance🌴