Cyprus Permanent Residence

Pep1234511 Oct, 2020Real Estate

Cyprus Permanent Residence Permit Programme is a fast track programme to obtain Residence Permit in Cyprus. This law aims to support and strengthen the economic condition of Cyprus yet to boost the real estate industry. The minimum investment requirement has been set at 300.000 Euros (VAT/ taxes are Not included). Any non-European Union National has the right to purchase a property and relocate to Cyprus with the family, for an indefinite period of time as Permanent Residents. The Immigration of Cyprus needs about 2-3 months time to review every Permanent Residence application. Once the Permanent Residence is issued, you will no longer need to apply for any visa to visit and/or stay in Cyprus, with your Permanent Residence you are automatically a Resident of Cyprus. Under certain circumstances, once you receive your Permanent Residence, you have the option to apply for the Cypriot (EU) citizenship too.