Cyprus Permanent residence permit for life.

9 months ago

Cyprus is a lovely island that's great for both vacations and relocating.

How about spending your vacations on a Mediterranean beach and experiencing summer all year long? Or what about making a permanent move here from a tropical location? Yes, all of this is achievable with relative ease by settling permanently in Cyprus.

Real estate acquisition in Cyprus entitles one to a permanent residence certificate (PR visa). It makes it possible for you to live in Europe with your family and to swiftly acquire visas for travel to any other nation, including those in the Schengen Area and the United States. This can also provide you with the chance to get your kids a top-notch European education and health treatment in the event of unforeseen circumstances. 

What are the primary requirements for getting a residence permit in Cyprus through real estate purchase?

  • Purchase a brand-new real estate  in Cyprus for at least €300,000 , VAT-excluded.
  • Make a deposit to the developers account of at least €200,000.
  • Verify that the payment was made with money that was obtained outside of Cyprus.
  • Show proof of a yearly income of at least €30,000 from sources outside of Cyprus.
  • Create a Cyprus bank account which should be supplied with €30,000. (after obtaining a migration permit)
  • Provide the required paperwork, such as a clean criminal record with an apostille, etc. 

The Property House will help you at each stage of the process to ensure a smooth and successful application, under the guidance of our recommended lawyers and sales brokers who will ensure you are well informed and with great real estate option to choose from.