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Immigration permit for Investors The Cyprus Permanent Residency Permit
the Immigration permit for Investors in line with the provisions of Regulation 6(2) of the Aliens and Immigration Regulations is a very attractive immigration option allowing the applicant and his/her family the choice to have an alternative permanent residence in Cyprus indefinitely and offering them a safe and stable permanent alternative.
Why Exactly is the Cyprus Immigration permit for Investors so popular?
DISCLAIMER
The contents of this presentation are provided for information purposes only and should not be taken as legal, investment, financial or any other advice. The information contained in this presentation may be changed by legislative amendments, official circulars of the public services and private entities involved in the process of acquisition of authorization of residence.
Authors: Natalie Petrides and Andreas Siapanis
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- Efficient and Straightforward scheme: With simple criteria, it takes approximately two to six months following the submission
- Lifetime Residency: This is the only European residency scheme that is indefinite without any renewals needed.
- Low Minimum Stay Requirements: Applicants only have to come to Cyprus once every 2 years
- Ability to Live in Cyprus: One of the safest countries in the world, Cyprus boasts a large international community, excellent education, health, infrastructure, and over 300 days of sunshine a year.
- Resident Benefits: If applicants and their family do decide to reside in Cyprus, they have the ability to apply for access to free public services such as excellent healthcare and high-level education.
- Residency for the whole family: The Cyprus Immigration permit for Investors is granted to the investor and also their family members including their spouse/civil partner and children.
- Path to EU Citizenship: If holders reside in Cyprus for 5 years, they have the ability to apply for Cyprus (EU) Citizenship. Once they receive the citizenship, their children under the age of 18 will also be applicable to obtain the citizenship. As EU citizens there are multiple benefits such as the ability to live, work and study anywhere in the EU and travel to over 170 countries visa free!
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- Be a non-EU national, non-EEA and non-Swiss
- Be over 18 years old
- Have a clear criminal record from their country of residence and from their country of origin
- Possess a secure annual income of at least €50,000. This increases by €15,000 for their spouse and by €10,000 for each additional dependent person. This income needs to be derived from abroad, apart from in specific circumstances. In calculating the total amount of income, the spouse’s income may also be taken into account.
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- Spouse
- Children under the age of 18
- Children between the age of 18 to 25 provided they are financially dependent, not married and who are students abroad. For children who are students in Cyprus they are eligible to file such an application following the completion of their studies in Cyprus (irrespective of their age) provided their parents are in a position to prove an additional annual income of €10,000 for each such child*.
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- Decision to Proceed
- Collection & Preparation of Documentation
- Investment Completion
- Submission & follow up of review/examination of Application by the Authorities
- Upon examination by the Authorities of the application and issuance of the permit card to arrange for its collection from the Civil Registry and Migration department
LANGUAGE | Greek & Turkish English widely spoken |
GOVERNMENT TYPE | Unitary Presidential Republic |
CURRENCY | Euro (EUR) |
TOTAL AREA | 9,251 sq. km. |
CAPITAL | Nicosia |
POPULATION | 838,897 (census 2011) |
ECONOMY | Business-oriented / tourism services |
Authors: Natalie Petrides and Andreas Siapanis