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Cyprus PR

ABOUT

ABOUT CYPRUS PR

Officially known as the Republic of Cyprus, it is an island country in the Eastern Mediterranean Sea. Cyprus is the third largest and third most populous island in the Mediterranean.

Being centrally located between Europe, Middle East and Africa, Cyprus is an excellent business destination. As well as hosting excellent educational facilities with numerous accredited universities, being part of the EU citizens or Cyprus are eligible to life work and study anywhere in Europe.

Cyprus is known as the Jewel of the Mediterranean and the birthplace of Aphrodite, the ancient “Goddess of Love”. It boasts year-round Mediterranean sunshine all, historic architecture, and a relaxed way of life.

The official language is Greek, however, English & Turkish are commonly spoken.

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QUICK FACTS

CAPITALNicosia
SIZE9,251 sq km
POPULATION1.17 M(2018)
CURRENCYEuro
LANGUAGEGreek

To find out more about The Cyprus , check out this YouTube video

RESIDENCY BY INVESTMENT

In line with the Cyprus Government’s intent to increase foreign investment, and to help its economic development, Regulation 6(2) of the Aliens and Immigration Regulations has recently been simplified by the Ministry of Interior in order to issue Residence Permits to applicants from non-European countries, provided that the following requirements are met:
1. The main requirement is the purchase of new immovable property of a total market value of at least EUR 300,000 plus VAT.
The applicant must submit the application form accompanied by a contract of sale and proof of payment of at least EUR 200,000 plus VAT.
The contract of sale must have been submitted to the Cyprus Department of Land and Surveys.
The property can also be bought by a company provided that the company is registered in the name of the applicant or the applicant and spouse, and they are sole shareholders.
2. The applicant must submit a confirmation letter from a Cyprus bank that they have deposited a minimum capital of EUR 30,000 from abroad into an account which will be locked for three years. After the expiration of this period, the money will be released without restrictions.
3. The applicant must provide supporting evidence of a secured annual income of at least EUR 30,000 deriving from abroad. This income must increase by EUR 5,000 for every additional child and EUR 8,000 for each dependent parent. This income may include salaries from employment, rents, pensions, and dividends from shares, etc.

REAL ESTATE OPTION

Real Estate purchase of minimum $400,000 USD within an approved development or area, plus government fees.

NATIONAL DEVELOPMENT FUND

Real Estate purchase of minimum $400,000 USD within an approved development or area, plus government fees.

BUSINESS INVESTMENT OPTION

Real Estate purchase of minimum $400,000 USD within an approved development or area, plus government fees.

INVESTMENT OPTIONS

Investment Amount $300,000
Time To Citizenship 2-3 Months
Visa Free Travel 1

BENEFITS

  • Accelerated process (only 2 months) from the date of the submission of the application.
  • Cyprus Residence Permit is permanent and no need for future reconsideration. It is a lifetime permit.
  • Cyprus Permanent Residence applies to the entire family (parents, children, grandparents).
  • Cyprus Permanent Residents have the right (under certain conditions) to apply for a Cypriot passport following their physical presence for a total of 5 years within a 7 year period.
  • Once the Cyprus Permanent Residence Permit is obtained the applicant and his family included in his Immigration permit will be entitled to apply for a Schengen Visa through any Schengen European Embassy. It is very important to note that Cyprus is expected to enter the Schengen Zone soon
  • Cyprus has a relaxed, stress-free lifestyle with the lowest crime rate in Europe
  • No Inheritance Tax applies in Cyprus
  • Cyprus offers an ideal family environment, enabling your children to benefit from excellent schools and universities while healthcare and infrastructure are all state-of-the art
  • Cyprus is one of the most popular destinations for setting up companies with only a 12.5% corporate tax rate, and double taxation treaties with almost 60 countries Risk free Freehold property ensures permanent property rights
Cyprus_Benefits_Res
Minimum Investment $300,000
Time to Citizenship 2-3 Months
Visa Free Travel 1

PROCESS

STEP 1

Review & select real estate investment. KCS advisers will work with you and our partners to select the most suitable properties available

STEP 2

Select property/ies

We will coordinate and arrange any trips to Cyprus to view and meet with the developers of choice. KCS have undergone stringent diligence process on each development to ensure the real estate developments are at the highest calibre and secure investment

STEP 3

Sign purchase agreement and transfer funds to a secure account.

STEP 4

Preparation of citizenship application and Pre Approval

KCS advisors will assist you in compiling you application for citizenship with all the relavent documentation. We will review all the documentation, our lawyers will complete an pre clearance check

STEP 5

Citizenship and PR application submitted to Government.
Application lodged, together with the property purchase agreement and all required documents, at the Ministry of Interior.

STEP 6

Issue of Cypriot citizenship and collection of biometric ID Cards

STEP 7

Naturalisation of children

Opportunity
Application
Success

VISA FREE TRAVEL

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    APPLY FOR A FREE CONSULTATION

    Please fill the form below for a free consultation.