Cyprus Residency Program

Pep1234511 Oct, 2020Real Estate

INVESTMENT CRITERIA FOR PERMANENT RESIDENCY IN CYPRUS Fast track Cyprus Residence Permit may be obtained through a secure property investment, the financial criteria are as follows: The Purchase Price must be at least 300,000 Euro (not including VAT) sold for the first time. At least 200,000 Euro (not including VAT) should be paid to the Vendor. Proofs of transfer of 200,000 Euro (not including VAT) from abroad must be provided. The applicant should also have a deposit of �30.000 pledged in a bank account in Cyprus for 3 years. The applicant should prove that has at disposal a secure annual income of at least �30.000. MAJOR BENEFITS FOR CYPRUS PERMANENT RESIDENCY