CONTACT VISACONNECT! - CYPRUS PERMANENT RESIDENCY

Cyprus Residence Permit - Background

Cyprus is a tranquil island strategically located in the heart of Europe but at the crossroads of three continents - Europe, Asia and Africa. Cyprus benefits from a European outlook, with a Mediterranean warm relaxed climate. Cyprus has a favourable tax regime which makes it one of the top relocation destinations in the world.

Cyprus has been a member of the European Union since 2004, and a Eurozone member since 2008. Permanent Residency under this programme grants the right to travel within the EU with minimal visa requirements and may be considered to be the first step towards gaining Cyprus Citizenship.

In 2021, High Net Worth Immigrants can apply for a Cyprus Permanent Residency permit through a simple and fast property investment in an apartment or villa anywhere in Cyprus, including Larnaca, Limassol or Paphos! Apply for the Cyprus Golden Visa Residence Programme and seek Cyprus Immigration assistance Now!

Benefits of Cyprus Permanent Residence - Buy Property in Cyprus!

Cyprus Residence Permit
Outlined below are the benefits of obtaining Cyprus Permanent Residency through purchase of a property or propeties, in Cyprus. Also, see VisaConnect's PDF document: Cyprus Residence by Investment in 2021:

New Requirements for the Cyprus Residence Permit - as at 24 March 2021

1. Invest in Commercial Properties - Investors now have the option to invest €300,000 EUR + VAT in new or resale commercial properties, including offices, shops and hotels.

2. Investment Funds - The investment funds should originate from overseas, and be a minimum of €300,000 EUR. The investment should be maintained or replaced by another investment of the same or greater value, to keep the permit:

Short-Term Fixed Income Investment secured against UK Property - The Investor invests into UK Property Secured Loans that offer the opportunity to gain high yield returns of between 5% - 7%, with a short-term exit strategy as well as capital protection. Investment in bridging loans offers high security backed by UK Residential and Commercial Property. At the end of the investment term, investors have the option to receive the funds or to re-invest them.

3. Applicant's Income - The Applicant and their Spouse should prove a secure annual income (including salaries from employment, pensions, dividends, fixed deposits, rentals) of at least 30,000 euros, increased by 5,000 euros for every dependent person (spouse and children) and by 8,000 euros for every dependent parent or parent-in-law.

Cyprus Permanent Residency by Investment

For more information about Cyprus Permanent Residency eligibility and requirements, see our web page and PDF document below:
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