Permanent residence Regulation 6(2)

Permanent residence Regulation 6(2)

PERMANENT RESIDENCE (PR)

  • Acquire PR in Cyprus within max. 3 - 4 months by investing €300.000 plus VAT or more in one or two properties.
  • There is no requirement for living permanently in Cyprus but just to visit Cyprus at least once during the first year of the issuing of the PR and then once every two years.
  • Criteria: clear criminal record for their country of residence which can be up to 6 months old, annual income of at least €30.000 and a fixed deposit in a Cypriot banking Institution of €30.000.

The Immigration Permit issued to an applicant covers:

- his/her spouse and children under the age of 18,

-unmarried children aged between 18 and 25, who prove that they are dependent students (provided that the applicant/holder of the immigration permit present an additional annual income of €5.000 for every such dependent child) and

-the parents and parents-in-law of the applicant/holder of an Immigration Permit (provided that the applicant/holder of the immigration permit presents only an additional annual income of €8.000 for every such dependent parent).

 

Updated 05.10.2020

 

We would like to emphasize that our company has actual experience in preparing and filing successful applications under the provisions of the ‘Cyprus Investment Programme’ and Permanent Residence (PR) applications.

We can assist you in every step for the acquisition of Permanent Residency Permit (PR) and/or the submission of applications under the provisions of the “Cyprus Investment Programme”.


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