Conditions and requirements for application of permanent residence card in Cyprus.
Once you meet the requirements, you can get a positive response within 2 months by fast track verification.
The applicant and his family members included in the immigration permit do not have to reside in Cyprus compulsorily, they only need to land in Cyprus every two years.
The applicant must be the owner of the property in Cyprus (the property must be the first sale of the property developer) with a minimum amount of 300,000 EUR plus VAT (5%). Plus a fixed deposit of 30,000 EUR, which will be returned with interest after three years.
The immigration permit issued covers the applicant and his / her spouse, children and parents.
The applicant must have documentary proof that the annual income of the applicant and / or his / her spouse is not less than 30,000 EUR. (5,000 EUR for each additional affiliated applicant), and the income comes from outside Cyprus (salary, pension, dividend, fixed deposit, rent, etc.).
Parents of the principal applicant can also apply for an independent immigration permit by simply adding 8,000 EUR per person to the principal applicant’s annual income certificate.
Applicants and their spouses must confirm that they do not intend to carry out any business activities in Cyprus, but please note that the applicant and his / her spouse can be shareholders of a company registered in Cyprus and the dividend income from such companies does not prevent the acquisition of immigration permission.
Main rights and interests of permanent residents in Cyprus:
The Cyprus residence permit is permanent and is a lifetime license.
Once a Cyprus resident permit is obtained, it is more convenient to travel in EU countries. Cyprus has entered the approval process of EU Schengen countries and will soon be able to enter and leave 26 Schengen countries freely.
The right of permanent residence in Cyprus applies to the whole family, even allowing children over the age of 18 to have permanent residency.
Guarantee the permanent ownership of real estate without estate tax.
There is no requirement to live in Cyprus, only to visit Cyprus every two years.
Cyprus is known for its sunny, stress-free lifestyle and low crime rate throughout the year, making it an ideal place to live.
Cyprus provides an ideal home environment where your children can benefit from quality education, and medical care and facilities are based on state-of-the-art technology.
