YOUR ONLY GUIDE TO SECOND PASSPORT!!

PERMANENT RESIDENCY

CYPRUS

MINIMUM INVESTMENT IN NEW PROPERTY = €300,000

About Cyprus

Cyprus is a democratic country with political stability and emphasis on full protection of human rights.
The English language is spoken by the vast majority of the population, which makes it easier for non-Cypriots to live and prosper in the country. Russian is also spoken by a large percentage of people.
It enjoys a high standard of living and quality of life with a modern and highly developed infrastructure and excellent telecommunications, ranked as the fifth best place to relocate by Knight Frank Global Lifestyle Review.
A secure and safe environment for the whole family to enjoy a stress free lifestyle.
Cyprus has a very high standard of Education across all sectors. There are excellent private schools for both junior and secondary level foreign pupils. These schools are directly linked to the UK education system allowing graduates to easily obtain entry in to the top UK Universities. Cyprus has also a wide selection of English speaking Universities which are directly related to the UK and USA Universities.
Cyprus has the lowest corporate EU tax rate which is 12.5% and its enviable geographical position between Asia, Europe and Africa makes Cyprus the ideal place to invest as it is a gateway for many emerging nations such as China, Iran and India to expand further their business throughout Cyprus.
No inheritance tax applicable and no estate duty.
No taxation on foreign source income received in Cyprus.
Cyprus provides excellent health care at low cost.
Each major town has its own Government Hospital, in addition to many private hospitals and clinics throughout the country.

Key Benefits of Obtaining Permanent Residency in Cyprus

Fast track procedure – 4-6 months to approval
Total investment can be as low as €300,000 plus VAT
Residency for the entire family – the investor, investor’s spouse, investor’s minor and adult children as well as the parents and parents in law, can obtain the permanent residence with no additional investment being made
The PR Permit of the adult children is valid even if they have exceeded the age of 25 years old and even if they do not remain students and/or financially dependent on their parents
The Residence Permit is PERMANENT and lasts for a lifetime
A PR holder can upgrade his/her PR permit to go a long-term residency status which will enable him/her to enjoy similar rights to EU citizens. This long-term residency status is permanent and available to all non-EU nationals who have resided in Cyprus for over 5 years. The long-term residency status is granted to applicants who have not been absent from the Republic for more than six consecutive months or more than 10 cumulative months within a 5-year period
No inheritance tax
No immovable property tax will be paid by property owners as of January 2017
PR holder’s children can attend either a public Greek school for free or attend one of the many private English schools and Universities in the Republic which allow entry in EU and USA Universities.

APPLICATION PROCESS

All the applicants can be submitted concurrently with the application of the main applicant.
The applications are submitted with the Civil Registry and Migration Department.
The presence of the investor/ investors spouse/minor children/ adult children/ parents and parents in law is not required with the submission of the Application.
The examination period of a PR application is two months.
Once the approval has been granted, the investor and his/her dependents should visit Cyprus within one (1) year to release their biometrics (fingerprints, signature and photograph) so that the Biometric Card proving their PR status is issued.
Biometrics can be released once a PR application is submitted, during the examination of the PR application or once such application is approved.
The PR permit shall not be cancelled provided that the investor and his/her dependents visit the Republic of Cyprus at least once every two years.