The Island of Cyprus offers one of the most efficient programs for obtaining Eueopean Permanent Residency through property investment. The process are prompt and efficient. Centasource can help and guide you through the process.
Cyprus is Europe's best kept secret
As the safest country in the European Union and the fifth safest country in the World, Cyprus is an attractive place to do business and a unique place to reside.
Individuals looking to invest through real estate, take advantage of the Island’s unique strategic location, enviable Mediterranean lifestyle, warm climate, excellent infrastructure and fast growing tourism. Cyprus also offers the most favourable incentives in the area of taxation. Cyprus residency and EU Residency can be acquired via property investment.
THE CYPRUS
EU PERMANENT RESIDENCY
PROGRAM
The ‘European Permanent Residency’ by investment’ program enacted by the Cyprus Government in the past few years, rightfully renders Cyprus as the ‘jurisdiction of choice’ for many high net worth individuals and their family who decide to live, invest and set up their business in Cyprus.
2
Months to be granted
300000
Minimum Property Investment (+ VAT)
2
Years Recurring Visit (to maintain PR status)
Covers the Whole Family
(Including parents and dependents of the main applicant)
Valid for life
Easy access within The EU
(Visit Al European Countries without needing visa)
Investment criteria and conditions
- Residential or other property with minimum market value of €300,00 + VAT purchased in Cyprus
- Secured annual income from abroad and from sources apart from employment in Cyprus
- Funds transferred from abroad and deposited in a Cyprus Bank in a three year Fixed Deposit Account
- The resident permit holder must visit Cyprus at least once every 2 years to maintain their status
BENEFITS
Of the Cyprus EU Residence program
PROCESS
TO EU CITIZENSHIP
1
Select Real Estate Investment
- Investor select property/ies either by visiting Cyprus or through correspondence
2
Payment
- Purchase agreement signed
- Minimum requirement of €200,000 as an initial payment
3
Document submission
- Required residency documents needs to be prepared and submitted to the Civil Registry and Migration department, or to their district offices
4
Issue of Permanent residency
- Residence permit is issued within two months
5
Residency Permit and ID cards
- Upon approval, the applicant is required to visit Cyprus within One year to obtain actual permit and digital ID cards
6
Visit Cyprus every 2 years
- The immigration permit may not be cancelled, provided that the applicant and their dependents visit Cyprus every 2 years.
Cyprus Overview
- Full member of the European Union
- Strategic Location : crossroads of three continents (Asia, Africa, Europe)
- Foreign Direct investments for both EU and Non-EU nationals
- Attractive Tax system (Double taxation agreements with 52 countries)
- Credible and highly reputable financial centre, with full FATF compliance
- Competitive modern and transparent legal, financial and regulatory framework
- Significant economic memberships such as WTO, World Bank, IBRD and IMF
- Member of the UN, Council of Europe and OSCE
- Numerous International Banking Units & multicultural companies operating from Cyprus
- Low set-up costs for companies
- Highly skilled, educated and multilingual workforce at highly competitive fees
- Excellent telecommunication systems
- High standard of living & healthcare
- Excellent public, private international schools, colleges and universities
- Daily flights from major international Airports
- Rich cultural history with ancient sites
- Significant Natural Gas reserves in Cyprus’ exclusive economic zone
- Most ‘Blue-flag’ beaches per coastline in the World
- Cleanest bathing waters in Europe
- High quality tourist facilities
- Exclusive Golf resorts
- Great nightlife
- Cosmopolitan lifestyle
- International 18-hole championship signature golf courses
- Picturesque villages and mountains with pine forest
- Pleasant Mediterranean climate
International ranking
4
Open market index (2015)
34
Global Innovation Index (2015)
World Economic Forum Report 2015-16
(Out of 144 countries)
4
Higher Education & Training
28
Goods Market Efficiency
34
Labour Market Efficiency
