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Cyprus permanent residency

CHARACTERISTICS OF CYPRUS PERMANENT RESIDENCY

  • Enter and remain to Cyprus with no limitations
  • Does not expire if the applicants visit Cyprus once every two years
  • Granted to the wife/husband of the applicant and their Children
  • No right to work in Cyprus

                 CYPRUS PERMANENT RESIDENCY PROGRAMME - REQUIREMENTS

A.  FAST TRACK (REG. 6.2)

B.  CATEGORY F

A. FAST TRACK (REG. 6.2) – Obtained within 2-3 months

1.      PROPERTY - Buy a New House/Apartment starting from €300.000 (plus V.A.T.).

2.      INCOME - Prove annual income of €30.000, -Increased by €5.000 for each dependent person.

BANK DEPOSIT - Deposit €30.000 in a Cypriot bank, pledged for 3 years

3.      DEPENDENT CHILDREN - Covers Financially Dependent Students up to 25 years old.

4.      PARENTS OF THE APPLICANT- The Parents of the applicant and those of his/her spouse can get the PR provided they prove annual income of €8.000 per parent.

5.      FUNDS RECEIVED FROM ABROAD: The amounts paid for the property & deposit to Cyprus Bank must be proven to have been transferred to Cyprus from abroad.

B. CATEGORY F – Obtained within 9-12 months

1.    PROPERTY - Buy a House/Apartment, can be a resale (recommended value about €100.000)

2.    INCOME - Prove annual income of about €30.000

3.    BANK DEPOSIT - Deposit about €30.000 in a Cypriot bank (not pledged)

4.    DEPENDENT CHILDREN - Covers children up to the age of 18

How We Can Help You?

George K. Konstantinou
Law Firm

George K. Konstantinou Law Firm has been serving clients since 1983 with measurable success.
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Fax: +35725345892

E-mail: info@gk-lawfirm.com