EU Permanent Residency

 

·         PR permit holders are free to enter and live in Cyprus without the need to obtain a visa Issued within two months

·         Life-long validity without any need for renewal

·        Granted to all family members including minor children, financially dependent adult children up to 25 years (if they are not married), as well as the parents of the applicant and applicant’s spouse

·         No residency requirements other than to visit Cyprus once every two years

·         Makes it possible for you to have a business in Cyprus and to receive shareholder dividends

·         The whole process can be arranged without being present in the country, however, a visit is required for biometric capturing

·         Once Cyprus enters the Schengen zone, Cyprus permanent residence (PR) permit holders will have the right to travel freely in the zone

·         Actual residence in Cyprus may lead to eligibility for Cyprus citizenship by naturalization Conditions

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Permanent Residency Conditions

·         Purchase of new immovable property or properties of a total market value of at least EUR 300,000 plus VAT.

·         Payment of at least €200.000 (net of VAT) to be made

·         Deposit at least €30.000 into a Cypriot bank for a 3-year period

·       Provide evidence that the applicant’s annual income amounts to at least €30.000 with income sources located outside of Cyprus. This income must increase by EUR 5,000 for every additional child and EUR 8,000 for each dependent parent.

·         Submit a certificate of having no criminal record and of being under no investigation for criminal offenses attested by relevant authorities of his/her country

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Permanent Residency Benefits

·         PR permit holders are free to enter and live in Cyprus without the need to obtain a visa issued within two months

·         Life-long validity without any need for renewal

·       Granted to all family members including minor children, financially dependent adult children up to 25 years (if they are not married), as well as the parents of the applicant and applicant’s spouse

·         No residency requirements other than to visit Cyprus once every two years

·         Makes it possible for you to have a business in Cyprus and to receive shareholder dividends

·         The whole process can be arranged without being present in the country, however, a visit is required for biometric capturing

·         Once Cyprus enters the Schengen zone, Cyprus permanent residence (PR) permit holders will have the right to travel freely in the zone

·         Actual residence in Cyprus may lead to eligibility for Cyprus citizenship by naturalization

 

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