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Cyprus Permanent Residence (PR Visa)

Formalities And Facts

 

  1. Lightning fast approval in just 2 months after the submission of the application.

 

  1. You are not required to stay in Cyprus however you must visit the Island at least one time every 2 years.

 

  1. The applicant must purchase property total worth €300.000 +VAT (if any) such as a house or apartment or a building. It can be 2 houses or a house and an apartment just as long as the total value will be €300.000

 

  1. The Cyprus Permanent Residence Visa will cover the applicant’s spouse and children under 18 years old. The application also covers unmarried children of the age 18-25 who are students and depended financially on the applicant.

 

  1. In addition there is the option of obtaining Cyprus PR Visa for the adult children of the applicant which are financially independent along with their families if they purchase a house of a higher value for example €600.000 +(VAT if any) for 1 adult child, €900.000 +VAT(if any) for 2 adult children.

 

  1. A secured annual income of €30.000 along with proof documentation is required from the applicant which will increase by €5.000 for each dependent child (i.e. 1 dependent child : €35.000). The source of the applicant’s income will be originating from abroad and could be from salaries, pensions, dividends, rent income etc.

 

  1. A sum of €30.000 which will come from abroad need to be deposited to a Cypriot Bank. The Bank will then issue a confirmation letter stating that the specific amount of money will be held into the applicant’s account for the period of 3 years.

 

  1. The applicant along with his/her spouse and children aged 18-25 will need to submit a clean criminal record certificate from their country of residence.

 

  1. Finally the applicant and the rest of the family must submit a written statement that they do not intent to be employed in Cyprus.
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    € 100.000 to € 10.000.000