The Cyprus Permanent Residency Scheme
Cyprus provides an ideal destination for non-EU individuals wishing to acquire Permanent Residence Permit in an EU country. The whole process is simple and fast. It primarily requires an investment of a minimum of €300,000 + VAT on immovable property in Cyprus.
In order to be granted a life-long (permanent) residence permit in Cyprus, the applicant needs to purchase at least a new property or two new properties from the same developer with a total price of 300,000 Euros, excluding VAT. The issuance of Cyprus Permanent Residence Permit takes about two months and covers all family members, including children under 25 years old.
Some of the best advantages of Cyprus Residency :
- It is issued within 2-3 months
- It is lifelong (no need for prolongation)
- It is qualified for all family members including children
- There is no obligation to reside in Cyprus for at least 3 months a year (like in other EU countries). You only need to visit Cyprus at least once every two years
M. Residence provides a careful selection of qualified properties and takes care of all the arrangements to obtain a Permanent Residence Permit in Cyprus.