Following the Decision of the Minister of Interior, dated 22nd of February 2016 and on the basis of Regulation 6.2 of the Immigration and Aliens Law, third country nationals who satisfy the requested investment criteria may apply for the granting of a Cyprus Permanent Residence Permit in a fast track process (“Cyprus PR”).
Applicants can secure permanent residency in Cyprus through investment in real estate. The programme is one of the fastest and simplest investor visa programmes in Europe. It requires investment of just €300,000 plus VAT into property to gain the Cyprus residency permit.
The residency visa is granted within two months and covers the whole family. It includes parents of the main applicant and spouse plus dependent children up to the age of 25. It is valid for life and can be passed down to dependents and spouse.
The permanent residency programme offers ease of travel throughout the European Union and requires just one visit to Cyprus by all family members once every two years.
Harris Koufettas & Associates LLC assist international clients in obtaining residence and citizenship under the respective programs. Please contact us for more information or to arrange for an initial personal consultation.