Cyprus Permanent Residency Fast Track
CYPRUS PERMANENT RESIDENCY:
- Methods of Investment for permanent residence permit:
- Standard Track Permanent Residency: Investment in real estate with 150,000 Euros
- Fast Track Permanent Residency: Investment in real estate with 300,000 Euros - Max ages that Children can be included on a permanent residence permit application:
- Standard Track Permanent Residency: Children under 18 years old are eligible
- Fast Track Permanent Residency: Children under 25 years old are eligible. (with proof that they are dependent and students) - Years for permanent residence permit to lead to Citizenship:
- Citizenship by naturalization: Age 21 or over obtain citizenship after 7 years (reduced to 5 if they have Cypriot children) - When exactly does an applicant become a permanent residence permit holder?
- Applicants become a permanent residence permit holder within 2 months of the day of the submission (Fast Track Permanent Residency)
- Applicant becomes a permanent residence permit holder within 9 months of the day of the submission (Standard Track Permanent Residency) - When does a permanent residence permit holder become a Citizen?
- Citizenship by naturalization: Age 21 or over obtain citizenship after 7 years (reduced to 5 if they have Cypriot children)
- Citizenship by marriage: Those who are married to a citizen of Cyprus may acquire citizenship after 3 years of marriage - Valid permanent residency for life and can be passed down to Dependents and spouses
- Low property tax of just 5%
- No residency required, only entry once every two years
- Access to High quality education and healthcare system
- Affordable cost of living
- Residency applicants can apply the Greece Embassy with ease for a Schengen visa to travel throughout Europe
- One of the safest countries in the world
- Over 80% of the population can speak English
WHY CYPRUS:
- Cyprus has the Lowest Taxation from any European Union Country – Corporation Tax 12.5%, Dividend Tax 0%, Capital Gains Tax 0%, Inheritance Tax 0%
- Cyprus has the lowest crime rate in Europe and is the 5th safest country in the world to live
- There is a high standard of educational institutions and healthcare facilities
- Cyprus is strategically located at the crossroads of three continents, Europe, Asia and Africa
- PR have access to high-quality free education in Cyprus, including UK universities
- High standard of healthcare facilities
- Has been nominated as one of the best 20 countries to live in the world
- EU member since 2004
- Cyprus, the third largest island in the Mediterranean
- As a financial services epi-center and an ever-increasing trade partner with Europe, Cyprus is continually developing an impressive commercial environment that attracts worldwide business ventures
ABOUT CYPRUS:
- Official Name: Cyprus Republic
- A Form of Government: Parliamentary republic
- Capital: Nicosia
- Population: 1,000.000
- Official Language: Greek
- Currency: Euro
- Area: 9,250 square kilometer
- Official Language: Greek
- Education: Greek and British language
- Education: British Education
- Culture: Mixed culture (Greek, Turkish, Armenians and Latins)
- Environment: Coastal
- Health Care: High-quality health care (25th Worldwide)
- Taxation: Lowest in the EU
- Tourism: An International destination for tourists
- Weather: Very nice Mediterranean weather
- Politics: Politically stable
- Schengen: No (Expected)
- Religion: Christian with Muslim Community
QUALIFICATION CRITERIA:
- Annual income of 30,000 Euro for applicant + 5,000 Euro for each dependent
- Real estate investment of 150,000 Euro Standard Track Permanent Residency or 300,000 Euro Fast Track Permanent Residency
- Bank statement
- Clean criminal record
- Proof of source of funds
- Valid passport
- Property sale contract
- Statement confirming that the applicant has no intention to work or engage in forms of business in Cyprus unless they establish their own business
- Visit the country once every 2 years
- Birth certificate
- Marriage certificate (if married)
- Translated documents
- Proof that dependent children are dependent on the applicant and still studying
- Medical Insurance required for each permanent resident permit applicant
- Two passport size photos