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EUROPEAN PERMANENT RESIDENCY

The Island of Cyprus offers one of the most efficient programmes for obtaining European Permanent Residency through property investment

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THE CYPRUS

EU PERMANENT RESIDENCY

PROGRAMME

Your Fast-Track Entry into the European Union

Cyprus has become increasingly popular for non-EU individuals seeking permanent residency in an EU-member state. It boasts one of the easiest and fastest immigration services into Europe, where most cases are completed within a period of two months.

granted within

2 Months

property investment

€ 300,000 + VAT

VISIT cyprus

every 2 YEARS

(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 All European Countries without needing a visa)

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.

BENEFITS

OF THE CYPRUS EU RESIDENCE PROGRAMME

GOOD CONNECTION

Strategic location: at the crossroads of three continents – Africa, Europe and Asia

FREE MOVEMENT

As EU residents, freely travel within the EU

COMMON LAW

Cyprus is a common law jurisdiction

LANGUAGE

There are no language requirements

SAVE ON VAT

Reduced 5% VAT (as opposed to 19-20%)

SAVE ON INHERITANCE TAX

No inheritance tax is applicable

HIGHER EDUCATION

High standard education and healthcare

LOWEST CRIME

Cyprus has lowest crime rate within Europe

SAVE ON PROPERTY TAX

No property tax is applicable

FAST & SIMPLE PROCESS

TO EUROPEAN RESIDENCY


STEP 1 – Select Real Estate Investment

Investor selects property/ies either by visiting Cyprus or through correspondence.

STEP 2 – Payment

Purchase agreement signed. Minimum requirement of €200,000 as an initial payment.

STEP 3 – Document Submission

Required residency documents need to be prepared and submitted to the Civil Registry and Migration Department, or to the district offices.

STEP 4 – Issue of Permanent Residency

Residency Permit is issued within two months.

STEP 5 – Residency Permit and ID Cards

Upon approval, the applicant is required to visit Cyprus within one year to obtain the actual permit and digital ID cards.

STEP 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.

Centasource would provide seamless support in guiding you throughout the whole process.

Investment Criteria and Conditions

  1. Residential or other property with minimum market value of €300,000 + VAT purchased in Cyprus.
  2. Secured annual income from abroad and from sources other than employment in Cyprus.
  3. Funds transferred from abroad and deposited in a Cyprus Bank in a three year Fixed Deposit Account.
  4. The residence permit holder must visit Cyprus at least once every 2 years to maintain their status.

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 & multi-national 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 forests
  • Pleasant Mediterranean climate

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