Welcome to the Luxury Living Cyprus blog.
In this article we will cover how to obtain PR (Permanant Residency) here in Cyprus via real estate. It’s a straight forward process which has many benefits!
The minimum amount required to spend on real estate in order to obtain PR is €300,000+. The program allows successful applicants and their families to get a Cyprus immigration permit, which has an unlimited duration, within 2 months! An investor can then apply for citizenship after 5 years of residing in Cyprus with this permit. Applicants will also have to show an annual income of €50,000 and €10,000 extra for each child they have.
The benefits to this permit include:
- PR for the investor and their family
- Unlimited access into the country
- Only need to visit every 2 years to obtain the residency
- A right to the general healthcare system in Cyprus
- Enjoy the favourable tax system here in Cyprus
- Entry to Cyprus even if the border is closed to foreigners
Lastly, the requirements to qualify for this permit are:
- A clean criminal record
- Are over 18
- Have a legal annual income of €50,000+
- Invest €300,000+ in real estate
If you are on the path to permanent residency here in Cyprus, then this, in a nutshell, is a way to do it!
Contact our team for any more information you may need and also for our exclusive listings which qualify for permanent residency here in Cyprus!