Non Europeans can apply for the fast track Cyprus Residency Program by investing at least €300,000 in real estate. In addition, applicants must also submit a confirmation letter from a Cyprus bank that they have deposited a minimum of €30,000 from abroad into an account that will be locked for three years. After the expiration of the three years, the money will be released without restrictions. Finally, evidence of a secured annual income of at least €30,000 deriving from abroad needs to be submitted. This annual income must increase by EUR 5,000 for the spouse and every additional child and EUR 8,000 for each dependent parent of the applicant.
We work closely with the most experienced Law companies, Financial advisers and Embassies. We can manage all details, documents and submission of applications. We can also assist you in identifying the most profitable property investment opportunities in Cyprus.
The application is examined by the Civil Registry and Migration Department and approval will be provided by the Ministry of Interior within two months. Once approval has been granted, the applicant and all the members of the family must visit Cyprus within one year to obtain the actual permit.
CATEGORY F RESIDENCY is flexible and does not have a strict requirement of property purchase. You can purchase a property in Cyprus of any amount. It can be a resale property. The applicant must show a yearly income of at least €10.000 for one applicant plus €5.000 for each dependent person. This income must be from abroad and can be from salaries, pensions, stock shares, rents. The applicant should deposit in his bank account in Cyprus an amount of approximately €15.000 to €20.000, which is not pledged, it is a simple deposit, the money can be used straight away after applying.
Please contact us if you require more detailed Residency information.