PERMANENT RESIDENCE PROGRAM
Obtain the right to live in Cyprus permanently, by purchasing real estate assets.
Procedure:
- Purchase in Cyprus numerous Real Estate properties with a total purchase cost of €300,000 (excluding VAT). Real Estate properties can be either Residential or Commercial properties
- At least €200,000 (excluding VAT) of the purchase cost must be settled
- A steady and secure annual income should be transferred on a regular basis from overseas to an operating bank in Cyprus. The annual income should derive from sources other than employment in Cyprus, such as salaries from employment, pensions, dividends from shares, fixed deposits, rents etc.
- Applicants should transfer the amount of €30,000 from abroad and deposit it in an operating bank in Cyprus for a 3-year period