Permanent Residency

The Island of Love

Cyprus is without a doubt an outstanding amongst other nations situated in Europe to live, work or retire in. Since becoming a member of the European Union (EU) state in 2004 and an individual within the Eurozone in 2008, the Republic of Cyprus offers a low individual tax collection framework, brilliant foundation, wonderful atmosphere, great airline associations, while likewise offering a safe haven for foreign investors and their families.

Country Benefits

Internationally regulated competitive tax system with network of agreements with 43 countries

Corporate income tax of 12.5%, one of the lowest rates in the Europoean Union

Foreign sourced dividends are exempt from tax

One of the safest and most stable countries in the world

Under European Union law and citizen of European Union State

English is widely spoken within the country

English standard legal system and common law

Perfect opportunity to operate and access European mainland

Friendly environment, excellent climate and tourist-friendly place

Fast-Track Permanent Residency

The Cypriot Ministry of Interior takes into account a quickened method to issue Immigration Permit (Permanent Residency Permit) of inconclusive span for foreign investors, who are third world nationals, applying under Regulation 6(2) of the Aliens and Immigration Regulations, gave that they satisfy the Financial Criteria

Key Points Of Eligibility


A non-Cypriot citizen, meeting the financial criteria explained in the next page


The spouse/cohabitee, the minor or financially dependant adult children and parents of the investor can also qualify


The definition of financially dependant adult children is: A. Student of up tp 25 years of age and B. Not studying to acquire professional title such as ACA, ACCA or Barrister


Clearn Criminal Record from the country of residence. The investor cannot be blacklisted in European Union

Possession of residence(s) in Cyprus with a total net price of at least €500,000

Possession of a permanent residence in the Republic of Cyprus. The permit may be filed simultaneously with the citizen application

Financial Criteria

The investor is required to deposit an amount of €30,000 in a Cypriot Bank, pledged for 3 years and purchase or own a new residence of €300,000 + VAT


Applicant can purchase up to 2 residencial units or 1 residential unit and 1 shop which the total net value is at least €300,000 + VAT


Residences or apartments can be physically separated from each other but needs to be purchased from the same company


Upon submission of the fast-track application, the procedure will take up to 2 months given the completness of the application


Applicant can apply for reduced VAT rate of 5% instead of the standard 19% VAT on the purchase of the residences


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