The Ministry of Interior of the Republic of Cyprus released an effective procedure for providing an immigration permit to third-country nationals that mean to take up permanent residency in Cyprus
The application form must be provided along with a title deed or a contract of sale that has already been offered to the Department of Lands and Surveys, for the acquisition of a residential property, apartment or any other building located in Cyprus of a minimal amount price of EUR300.000 + VAT.
It is required a proof stating that the amount used for the purchase has been transferred from abroad.
Any investor who is 18 years old and above.
The spouse and children of the applicant.
Parents of the applicant of the immigration permit and the parents of his or her spouse.
The candidates must visit Cyprus once every two years along with his/her dependents who enjoy the residency to preserve this right.
All applications for Permanent Residency by purchasing a new home at the price of EUR300.000 + VAT are authorized throughout a period of 3 months under the fast-track method. Once the form is approved, a Permanent Residency permit is offered to the applicant and his or her family members.
* Note: Please keep in mind that requirements and conditions may change at any time. Therefore, before the submission of a Cyprus Citizenship acquirement application, it is advisable to contact us for any updates to the requirements.