Confidential Consultation

I Visa Services

+961 81 333539

If you are in need of emergency assistance and cannot get through to your I VISA team please use the I VISA Emergency number.

Please be aware that you may be charged for using this service and for training and quality purposes your call may be monitored or recorded.

Your call is important to us but if you have a dedicated number please dial that number, otherwise please call the number shown and have your documents available and we’ll connect you to one of our consultants.

Cyprus RESIDENCE

Overview

Cyprus offers a fast track option to obtain Permanent Residence status within 2 months. PR permit holders are free to enter and live in Cyprus without the need to obtain a visa, although they are not obliged to live in Cyprus. The benefit of holding a Cyprus Permanent Residence status is that PR holders have the right to use all of the embassies in Cyprus to apply for a Schengen Visa, current processing times for obtaining the visa in Cyprus are 3 working days as opposed to the typical 2 weeks in many other Embassies.

On the 22nd February 2016, the 2nd Revision regarding Criteria for granting an Immigration Permit within the scope of the expedited procedure to applicants who are third country nationals and invest in Cyprus, pursuant of the provisions of Regulation 6(2) of the Aliens and Immigration Regulations was enforced. The new regulations fast track and simplify the entire procedure. You and your family will obtain European Permanent Residence status without having to move away or renounce your current nationality.

Permanent Residency Timeline: 2 months (Fast Track)

Citizenship Timeline: N/A

Nationalities supported: Open to all non-EU nationalities

investment type: New Build Property

investment cost: €300,000

BENEFITS

Fast process to Permanent Residency (2 months)
No need to reside in Cyprus
No language requirements
Open to all non EU nationalities

please contact one of our consultants for new updates

No Cypriot Tax liability
Cyprus is set to join the EU Schengen zone soon (expected 2017)
Cyprus is at the crossroads of 3 continents, Europe, Asia & Africa.

PR have access to high quality free education in Cyprus, including several UK universities
High standard of healthcare facilities
Easier access to visas for non-EU countries.
Spouse and children below 25 obtain PR Permits.
Dependent parents and parents-in-law can apply for PR Permits.
Permanent Residence is valid for life and can be passed down to dependents and spouse

COSTS

The Cyprus Permanent Residence Program requires making an investment into new build real estate.

OPTION-New Build Property

NEW BUILD REAL ESTATE INVESTMENT: €300,000

TIMELINE

WEEK 1

Signing of IVS Retainer Agreement and first Payment of IVS Professional Fees. All Documents collected and file prepared.

WEEK 2

The Client selects the property (through a visit to Cyprus or remotely). Sign Purchase Agreement and transfer funds to a secure Client Escrow Account. Receipt issued by the developer which is required for the Permanent Residence application.
Government Fees are payable at this stage and Citizenship Application is submitted at to the Ministry of Interior.
File Submission Payment of IVS Professional Fees is payable.

MONTH 2

Permanent Residence approval is received
Final IVS Professional Fees are paid
Receipt of Cypriot Permanent Residence

GENERAL INFO

Visa requirements for Cypriot citizens are administrative entry restrictions by the authorities of other states placed on citizens of Cyprus.

As of 10 July 2018, Cypriot citizens had visa-free or visa on arrival access to 171 countries and territories, ranking the Cypriot passport 14th in terms of travel freedom according to the Henley Passport Index

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