Permanent Residency Program
Family Coverage:
PR benefits extend to the spouse, dependent children, and parents (with an additional investment of €300,000 + VAT in a separate property).
European Mobility:
Residency in Cyprus facilitates travel and business across the European Union, making it easier to live, work, or invest in Europe.
Non-Dom Tax Advantages:
PR holders who qualify as Cyprus tax residents under the Non-Domicile regime may be exempt from the Special Defence Contribution (SDC) on worldwide dividends and interest for up to 17 years.
Dependent Children:
Children included in the PR application may retain their status after turning 18 if they meet the financial dependence criteria.
High-Quality Living:
Cyprus provides excellent educational institutions and modern healthcare facilities, ensuring a high standard of living for the whole family.
Safety and Security:
Cyprus is widely regarded as one of the safer countries in Europe, with low levels of serious crime.
Path to Citizenship:
Applicants may apply for Cypriot citizenship after 7 years, provided they have resided in Cyprus for a total of 5 years, offering long-term security and opportunities.
Favourable Tax Environment:
Cyprus offers one of the lowest corporate tax rates in the EU (15%) and a network of double taxation treaties with over 60 countries.
Business Opportunities:
Permanent Residency makes it easier for individuals to establish and operate a Cyprus-based company, benefiting from favourable tax and regulatory conditions.
Reduced VAT:
Buyers of their primary and permanent residence may benefit from a reduced 5% VAT rate, subject to certain conditions.
Flexible Property Investment:
The property does not need to be fully completed before applying for PR, provided the purchase agreement is in place, and payments are made.
Permanent Residency
The first step to Cyprus citizenship is the Cyprus Permanent Residency. The investor is entitled for a permanent visa for him and his family only by investing 300k + VAT in a residential property.
Requirements
- Purchase a property of at least 300,000 euros + VAT
- The main applicant needs to prove € 30,000 per year income, for every dependent of the main applicant € 5,000 euro per year additional income is required.
- € 30,000 fixed deposit in a Cyprus bank for 3 years.
- 70% of the housing fund must be paid in order for the fast track procedure to start (approved within two months)
Documents Needed
- Copy of passport
- Copy of Birth Certificate
- Copy of Marriage Certificate
- Certificate of clean criminal record
- Two passport size photographs
- Curriculum Vitae (CV)
- Statement by the applicant that he/she does not intend to work in Cyprus
Process of Obtaining
Come in contact with G & V Hadjidemosthenous Ltd.
Choose a house investment of more than 300k + VAT
Provide our legal team with the following documents:
- Copy of passport
- Copy of Birth Certificate
- Copy of Marriage Certificate
- Certificate of clean criminal record
- Two passport size photographs
- Curriculum Vitae (CV)
- Statement by the applicant that he/she does not intent to work in Cyprus
We proceed with the application to the Ministry of Interior. The examination period is about two (2) months.
After the approval of the application we arrange an appointment for the fingerprint submission in the immigration department.
After the approval you get the Permanent Resident (PR) statues. At this stage we have a 100 % pass rate.
