• Home
    • Law Firm Profile
  • Αρχικη
  • ГЛАВНАЯ
  • People
    • Savvas A. Angelides >
      • Social
    • Michael O. Ioannides >
      • Blog Posts
      • Social
    • Andreas N. Leonidou >
      • Social
    • Christos O. Ioannides >
      • Social
    • Theodoros Makris >
      • Social
    • Maria Angelides
    • Panayiota Zacharia
    • Constantinos Pavlou
    • Loukas Karnos
    • Argyroulla Ignatiou
    • Michalis Argyrou
    • Maria Panayiotou
    • Sissy Zhang
    • Antonia Constantinou
  • ΑΝΘΡΩΠΟΙ
  • Kоманда
  • Litigation
    • Commercial Litigation >
      • People
    • Criminal Litigation >
      • People
    • Medical Negligence >
      • People
    • Personal Injuries >
      • People
    • Class Actions >
      • People
    • Banking Litigation >
      • People
  • ΔΙΚΑΣΤΗΡΙΟ
  • СУДЕБНАЯ ПРАКТИКА
  • Advisory
    • Financial Services >
      • Experience
      • Resources
      • People
    • Corporate >
      • Services
      • Resources
      • People
    • Educational Services >
      • People
  • ΣΥΜΒΟΥΛΕΥΤΙΚΟ
  • КОНСУЛЬТАТИВНЫЕ УСЛУГИ
    • Финансовые Услуги
    • Корпоративные Услуги >
      • Услуги
  • Services
    • Alternative Funds (AIF)
    • Mutual Funds (UCITS)
    • EU Investor Passports
    • Permanent Residence Permit
    • Yacht Leasing Scheme
    • Cyprus International Trusts
    • Cyprus Investment Firms (CIF)
    • Payment Institutions
    • Electronic Money Institutions
  • ΥΠΗΡΕΣΙΕΣ
  • УСЛУГИ
    • Альтернативные Фонды
    • Mutual Funds (UCITS)
    • Паспорт Инвестора ЕС
    • Permanent Residence Permit
    • Yacht Leasing Scheme
    • Cyprus International Trusts
    • Cyprus Investment Firms (CIF)
    • Payment Institutions
    • Electronic Money Institutions
  • Blog
  • Contact
  • Επαφη
  • КОНТАКТЫ

Cyprus Permanent Residence Permit

Invest your wealth in a safe and tax-friendly economy backed up by
the European Union and Eurozone membership.

Cypriot Permanent Residence Permit

Picture
If you are looking to invest your wealth in a safe and tax-friendly economy backed up by the European Union and Eurozone membership, Cyprus provides all this. As a full European Member State, Cyprus has enacted a regulation allowing full residence permit to those who will qualify via investments. 

Timeframe: 1-2 months

Requirements

One route for a permanent residence permit in Cyprus is the purchase of a privately-owned residence for self-occupancy in Cyprus, with value amounting to not less than €300.000. The applicant must prove that he/she has at his/her disposal a secured minimum annual income of €30.000, from sources other than employment in Cyprus (employment in Cyprus is strictly prohibited). 

The applicant must purchase a private house for his/her own residence in Cyprus of a value not less than €300,000 (excluding VAT) and proof of payment for at least €200,000 (excluding VAT).​

Financial Criteria

Provide evidence of a secure annual income, originating from abroad, of at least €30.000 (+€5.000 for every dependent person - spouse and children - and €8.000 for every dependent parent or parent-in-law).
Purchase of a "first-time sale residential property in Cyprus of at least €300.000 (non inclusive of VAT). An initial payment of at least €200.000 must be made.
The Applicant must maintain a three year fixed deposit account with a Cyprus bank for an amount of at least €30.000; the funds deposited must emanate from sources outside Cyprus.
The applicant may purchase up to two housing units (apartments or houses) from the same seller, or a house and a store/shop with an area of 100 square meters, or a house and an office with an area of 250 square meters, given that the total market value meets the provisions of not less than €300,000 (excluding VAT).

Other Requirements 

The Permanent Residence Permit does not allow the undertaking of any form of employment or business in Cyprus
Holders of a Permanent Residence Permit must visit Cyprus once every two years.

Permanent Residence Permit Services

Submission of the Application to the Civil Registry and Migration Department personally or through a representative.
​Liaising with the relevant authorities during the examination process.
Drafting of purchase and other related contracts.
​Assistance and guidance during the application preparation and submission.

People

Picture
Michael O. Ioannides
Picture
Andreas N. Leonidou
Picture
Maria Panayiotou

Cyprus (Head Office)

15, Agion Omologiton Avenue,
1080, Nicosia, 

Cyprus
✆ +357 (22) 452600 
⎙ +357 (22) 452611

Greece

34, Voukourestiou,
4th floor, 10671, Athens (Kolonaki),
Greece
✆ +30 (210) 3617152
⎙ +30 (210) 3617153

Romania

4 Plata Alba-Iulia Street, Block I3, Scara A, Etaj 11, Office 52, Sector 3,  ​Bucharest, Romania
✆ +40 (21) 3177350
⎙ +40 (21) 3177351

Picture
   info@llpolawfirm.com
© 2015 LLPO Law Firm. All Rights Reserved.
✕