IMMIGRATION IN EXCHANGE FOR THE PURCHASE OF REAL ESTATE CYPRUS RESIDENCE PERMIT

Our company provides clients with full legal support in the execution of the purchase of real estate, as well as support in the collection and filing of an application for a residence permit in Cyprus.

Cyprus immigration law allows foreign investors and their families to quickly and easily obtain a permanent residence permit by purchasing a residential property.

We will answer all your questions in more detail, individually analyzing your personal case, and we will answer you in person or by phone.

Basic Application Requirements:

  1. Purchase new property from the Developer with a minimum value of 300,000 euros (excluding VAT).
  2. Pay a minimum amount of 200,000 euros (excluding VAT) at the time of filing an application with the immigration authorities.
  3. The sales contract must be registered with the Land Registry Office.
  4. The purchase of real estate must be carried out with funds received from outside the borders of Cyprus.
  5. Provide a certificate of no criminal record and not being under investigation for criminal offenses.
  6. The applicant must have a guaranteed annual income from abroad of at least 30,000 euros per year. The said amount is increased by an additional amount of €5.000 for each child dependant and €8.000 for each dependant parent of the application (and his/her spouse’s parent).
  7. The required amount of annual income may be derived sources which include, but are not limited to, employment salary, pension, dividends, savings and rent.

Main Benefits:

  1. Issuance of a permit takes about 2 months and is available to all family members, including children under 25 (dependent children).
  2. As a Cyprus resident, you can stay in Cyprus all year round, but you are not required to do so. You only need to visit Cyprus once every two years.
  3. Holders of permanent residence in Cyprus and their spouses can be owners of their own business in Cyprus and receive dividends, but cannot be employed.
  4. The permanent residence program in Cyprus is the most profitable program in the EU; in other European countries, a residence permit is issued for a limited period (just a couple of years).

For our services and further information in relation to the P.R 6.2 permit you may contact us or complete the form below.