Permanent Residency Programme

Cyprus’ Permanent Residency Programme offers non-EU residents a pathway to residency through a strategic investment. By embracing the European way of life and the perks of being in Cyprus, this programme presents a lucrative and cost-effective method to establish permanent residence in Europe.

FINANCIAL CRITERIA AND TERMS OF THE PROGRAMME:

• Purchase one or two new properties in Cyprus with a cumulative value of at least €300,000 plus VAT.
• Hold a fixed deposit of €30,000 in a Cyprus bank for three years.
• Demonstrate a minimum yearly income of €30,000 sourced from outside Cyprus (e.g., salary, rentals, dividends, pensions, fixed deposits).
• Ensure a visit to Cyprus at least biennially.

REQUIRED DOCUMENTATION FOR THE APPLICATION:

• Official deposit letter for the €30,000 from a Cypriot financial institution, held for three years.
• Evidence of a steady yearly income.
• Property title deeds or sales agreement.
• Comprehensive CV with the educational background of the applicant and spouse.
• Formal declaration of not seeking employment in Cyprus.
• Health insurance for the applicant and dependents.
• Valid passport copies for the applicant and dependents.
• Birth certificates of the applicant and dependents.
• Authenticated Marriage Certificate.
• Due diligence and background check reports.
• Clean criminal record for the applicant and spouse.
• Two passport-sized photographs of the applicant and dependents.

PERKS OF THE CYPRUS PERMANENT RESIDENCY PROGRAMME :

• Swift application review, typically within two months.
• Flexibility to sell and retain the PRP if a property of at least €300,000 replaces the original.
• Lifetime validity of the Cyprus PRP.
• No language proficiency tests.
• The PRP extends to the entire family, including the applicant, spouse, and children below 18.
• Dependents aged 18–25 and the applicant’s parents can also obtain the residency.
• No need for the applicant to be in the country during the process.

PATHWAY TO PERMANENT RESIDENCY:
Our seasoned professionals are ready to guide you throughout the application. From advice to property selection from P.F Christodoulou Group
and post-submission procedures, we’ve got you covered. Here’s the outline:

• Opt for a property by P.F Christodoulou Group.
• Execute the sales contract, initiate a bank account in Cyprus, transfer the deposit of €30,000, and procure a receipt from P.F Christodoulou Group.
• Compile and submit the necessary documents to the Civil Registry and Migration Department.
• A legal representative can manage this on your behalf, eliminating the need for your physical presence.
• Create an account with P.F Christodoulou Group.
• Await the Immigration department’s decision, which generally concludes in under 2 months.