Cyprus
Cyprus is one of the most beautiful countries in the world, with its beautiful beaches and tropical Mediterranean climate, Cyprus is considered an ideal
destination for permanent residence for non-EU citizens. The investmentlandscape in Cyprus is beneficial due to the island’s well-qualified labor force and a reliable transport and telecommunications system.
European Residency By Investment
Cyprus Permanent Residency Program
(Starting from) Euro 330,000
130+
Visa Free Countries (Including UK, Schengen Area*, Russia & Singapore)
Time Frame
2- 18 months depending on program route
Family Dependents
(included in same application) Children under certain age & conditions (under 28 years old) Parents above certain age & under condition (above 55 years old)
Types of Investment
CYPRUS PERMANENT RESIDENCY PROGRAM
Cyprus gives the option to Non-EU nationals to obtain permanent residency. A PR holder can obtain Cypriot citizenship via naturalization after 7 years of legally residing in the Republic. To be eligible and obtain the Permanent Residency (PR) the investor should proceed as follows:
€ 330,000
Statring from
Due Diligence Fees
| Discription | Fee |
|---|---|
|
Registry, Court and Courier Fees
|
Euro 520
|
|
Permanent Residency (PR) Application Fees
|
Euro 2,240
|
|
Cyprus ID Issuance Fees:
|
Euro 600
|
|
Permanent Residency (PR) does not allow to work and is only limited to Cyprus.
|
PR permit can include the following Dependents
• Applicant and Spouse.
• Children up to 25 years old if financially dependent on the main applicant &
studying full time for higher education.
• Financially independent children if the market value of the purchased property
is increased by Euro 300,000 + VAT per independent child. They will also have
to retain Euro 30,000 in a three year fixed deposit.
• Parents and parents in law of main applicant if an income of Euro 8,000 per
parent is added to the required annual income.
Disclaimer
All application fees charged by the government of Cyprus and by Shaklegal are subject to changes, these fees depend on the number ofapplicants and complexity of the process. Please contact our office if you have any question or need further information. Shaklegal’s advisory fees are based on the number of the applicants, country of origin, residence and other retained services, as well as the services and legal fees related to the submission of the citizenship and passport application for applicants. Therefore Shaklegal ’s fees are not mentioned on the brochures. The advisory and legal fees are non-refundable. The timeline is indicative, an estimate provided for information purposes only. Processing, time and cost will vary depending on a number of contributing factors. Shaklegal is not responsible for any changes to the estimates; we can provide specific time and cost estimates on an individual basis. Please contact our office for more up-to-date information. Please note that any additional disbursement fees are charged to the applicant.
