Permanent residence in EU admin
PERMANENT RESIDENCE IN EUROPE
“For all applicants who invest in Cyprus and are third country nationals”
Cyprus and its mediterranean lifestyle offers a variety of pleasant amenities and is about finding the perfect balance of business, leisure, food, a safe place to live for the family and a country that offers a fast track solution to a European passport that lets you travel freely. Cypriot citizens may also use their national identity cards to exercise the right of free movement within the EU member states.
This idyllic island in the mediterranean sea, being a full member of the European Union and granting its citizens the same rights as any other country of the European Union, ranks as a very low risk country to attacks of extremists.
Requirements and conditions
2-month (accelerated) process, starting from the submission date of the application.
No mandatory residency in Cyprus, conditional of the fact that the applicant visits Cyprus at least once every two years. This condition extends to any family members who are included in the Immigration Permit.
The applicant must own real estate in Cyprus for a minimum value of €300.000 + VAT (if applicable). This can be in the form of a house, an apartment or any other building.
The minimum real estate value of €300.000 + VAT (if applicable) shall be determined as the total value of properties owned by the applicant
The immigration permit will cover the applicant and his or her spouse. It shall also cover all children under the age of 18; and any children up to the age of 25 who are unmarried, enrolled at a university and financially dependent on the applicant. The immigration permit remains valid after the age of 25 without any additional documents.
The applicant must supply documentation as proof that he and/or his spouse have a secured minimum annual income of €30.000. This income must originate abroad, from sources such as salaries, pensions, dividends, fixed deposits, rents etc. The required minimum is increased by increase by €5,000 for each dependent person.
The parents of the main applicant and/or his spouse are also eligible for the Permanent Residence Permit. This is conditional of a further €8,000 per person on the main applicant’s annual income statement.
The applicant must submit a letter from a financial institution in Cyprus to confirm the deposit of a minimum capital of €30.000, pledged for a period of at least three years. Documentation must also prove that this capital has been transferred to Cyprus from abroad.
The applicant must also ensure that he, and all persons included in the Immigration Permit, submit all documentation required by the Cyprus Government with their application.
The applicant and his spouse must confirm that they have no intention of seeking employment in Cyprus. The applicant and/or his spouse may, however, be shareholders in a Company registered in Cyprus. Any income from the dividends of such a company shall not stand in the way of obtaining an immigration permit.
The Cyprus Residence Permit is permanent. There is future reconsideration or call for additional documentation.
The Cyprus Residence Permit covers not only the applicant, but also his entire family (subject to conditions).
The Cyprus Residence Permit opens the door to Cypriot citizenship, if the applicant (and/or any other persons included in the permit) physically resides in Cyprus for at least 5 years within a 7 year period.
The Cyprus Residence Permit grants all persons included in the Immigration permit the eligibility to apply for a Schengen Visa through any Schengen European Embassy. Note: Cyprus is expected to enter the Schengen Zone soon.
Cyprus is renowned for the lowest crime rate in Europe and promises residents a relaxed, stress-free lifestyle.
Cyprus is the ideal place to raise a family, with an excellent education and healthcare system and modern infrastructure.
Cyprus does not mandate an Inheritance Tax.
Cyprus is an ideal place to set up a company, with a corporate tax rate of only 12.5% and double taxation treaties with close to 60 countries.
Cyprus ensures permanent property rights through Risk free Freehold property.
“The sense of having a European residence is to be able to travel freely within Europe.”
With a European residence you can have multiple places to call home. Work, enjoy a safer life, protect your family, let your children study in Paris, Rome, Frankfurt or anywhere else in Europe. When it comes to finding a living space or simply working, you won’t find yourself short on options. Consider this a very reliable safety net for the most important aspects of your life.
Frankfurt Paris New York Dubai
The right of freedom of movement is a fundamental human right. If your current passport doesn’t allow for visa-free travel or residence in another country, you and your family are restricted, in many ways. When you have a stronger passport in your corner, you have the world at your feet. Enjoy a safer life, protect your family, let your children study in Frankfurt, Paris, Rome or anywhere else in Europe. The legal benefits of a second nationality have tremendous importance in the daily lives of individuals.
An invironment to prosper
The country is located in the Mediterranean Sea, a short distance from Lebanon, Turkey, the Greek Islands and Egypt. Cyprus enjoys an idyllic Mediterranean lifestyle, beautiful beaches, 340 days of sunshine a year with welcoming friendly people in a relaxed environment. Cyprus is a safe country to live in. With its excellent flight connections and first class airports Larnaca and Paphos, the island is perfectly placed for business and travelling within and beyond the European Union.
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