Cyprus is an independent island country located in the eastern Mediterranean Sea, west of Syria and south of Turkey. It is the third largest island of the Mediterranean. Cyprus was once named the fifth most favorable country to live in. The island provides a perfect climate for summer holidays with an estimation of 300 sunny days each year. It has a hot and dry summer with a gentle coastline and clear sea. In 2008, European nations experienced severe downturn in economy. Since then, Cyprus launched a €300,000 business migrant policy in August 2012. From March 2014 onwards, Cyprus launched a €2.5 million special residence permitted scheme.
Cyprus allows non-EU family to invest €2.5 million in property market as a condition to apply for a passport. Cyprus passport holders enjoy free visas to 157 countries, including most European regions.
Invest € 2.5 million in multiple residential properties and owned for not less than 3 years. Applicant are required to retain any unit value not less than €500,000 in order to keep the Cyprus passport. Other properties are allowed to be sold.
Invest € 2.5 million in one residential property and owned for not less than 3 years. If the applicant wishes to sell the property, another residential unit value for not less than €500,000 must be purchased in order to keep the Cyprus passport.
Invest € 2.5 million in multiple commercial residence buildings, or commercial real estate plus a residence unit which values not less than €500,000 and owned for at least 3 years. Residence unit of value for at least €500,000 must be kept.
From August 2012, Cyprus has allowed non-EU families to invest €300,000 in property in order to apply for a permanent residency permit. Applicants can further apply for a Cyprus passport after fulfilling 5 – 7 years of residency.
Invest €300,000 in property estate under the name of applicant.
Require both applicant and spouse to own property of €300,000 and provide proof ( sum of saving, estate, stocks).
After receiving permanent residency permit, applicant is required to present income proof annually (applicant income reach €12,000 or each family member income reach €5,000).
|Invite and inspect approved properties in Cyprus, open a bank account, meet up with lawyer|
|Local Lawyer proceed migrantand property application|
|After the trip, remit money Cyprus bank account for payment of property|
|Civil Registry & Migration Dept would process the application. A permit would be issued in about 2 months.||Civil Registry & Migration Dept would process the application. A permit would be issued in about 4 months.|
|Present a body check report to the Consulate. An "one-time" Visa to Cyprus is issued to the applicant and his family to execute the procedures for applying permanent residency in Cyprus.|
|Can apply for Cyprus passport after 7 years.||Can apply for Cyprus passport after 7 years.|