Permanent Residency Permit

Cyprus Permanent Residency Permit (P.R.)

 

 

   The fast-track Permanent Residence Programme enables the granting of a permanent residence permit to foreigners who intend to invest in Cyprus, provided that the following requirements are met:

   - Residential or other property with minimum market value of € 300,000 + VAT purchased in Cyprus

   - Secured annual income from abroad and from sources other than employment in Cyprus

   - Funds transferred from abroad and deposited in a Cyprus Bank in a three year Fixed Deposit Account

   - The residence permit holder must visit Cyprus at least once every two years to maintain his/her status

 

Additional Benefits

 

   - No language requirements

   - Cyprus is a common law jurisdiction

   - Property acquired is freehold

   - No inheritance tax

   - No immovable property tax (since 2017)

   - Low property tax

   - Zero Capital Gains Tax for every property purchased 

   - Reduced 5% VAT

   - Strategic location: at the crossroads of three continents: Africa, Asia and Europe

   - Access to beaches, mild climate, and tourist destinations in Cyprus

   - Lowest crime rate in Europe

   - High-standard educational institutions and healthcare facilities

   - Advanced infrastructure and modern airports with connections to all major destinations

 

   The above information is subject to change based on Cyprus government resolutions. For more information please feel free to contact us

 

The 'Foytina.Com' Team

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