Permanent Residence Permit by Investment in Cyprus

Feod Group has for many years provided a full range of services for obtaining permanent residence in Cyprus, by an investment in Cyprus and obtaining permanent residency.

The company has accredited Cypriot lawyers

Offices:

✓ Obtaining unlimited residence permit for the entire family
✓ No requirement for permanent residency in Cyprus
✓ In 2021, new investment options were added: residential and commercial real estate, business, investment funds
✓ Ability to obtain EU citizenship after 7 years of residency

 

If you are in Cyprus and you require our advice or support for your needs, kindly make a request and call Feod Group offices in Larnaca + 357 99 849 525 (WhatsApp)

 

OBTAIN PROFESSIONAL IMMIGRATION ADVICE
OBTAIN PROFESSIONAL IMMIGRATION ADVICE



     

    Permanent Residence Permit by Investment

     

    The program for obtaining an indefinite residence permit in Cyprus is available for citizens from non-EU countries with an investment of 300,000 euros or more.

    Previously, Cyprus permanent residence for investment could only be obtained by purchasing residential real estate.

    But in March 2021, the Minister of Interior adopted a number of changes in the procedure for obtaining permanent residence.

    New criteria in obtaining a Permanent Residence Permit by Investment in Cyprus 2023

    Investment requirements

    The applicant must invest the amount of at least €300,000 (not including VAT) in one of the following categories:

    1A: Purchase of a residential property (house or apartment) from a developer.

    1B: Investment in immovable property (except houses/apartments) such as offices, shops, hotels etc. or a combination of these of the total amount of at least €300,000.

    1C: Investment in the capital of a Cyprus company with activities in Cyprus and at least 5 employees.

    1D: Investment in funds (AIFS, AIFLNP, RAIF)

    Other criteria and requirements for obtaining permanent residence by investment

    Note: It is noted that the real estate purchase may be accepted even when made in the name of a legal person, provided that the applicant and/or his/her spouse are the sole shareholders or the ultimate beneficial owners of it, and that this legal person is legally established in the Republic of Cyprus or other member state of the European Union or European Economic Area.

    In addition to the above, the applicant must illustrate that he/she has an annual income of at least €30,000 (plus €5,000 for every dependent person, plus €8,000 for each parent). The income may derive from salary, pension, dividends, deposits, rental income etc.

    In case the investment is according to paragraphs 1B, 1C or 1D above, the annual income of the applicant or part of it can be derived from within the Republic of Cyprus.

    The Investor and his/her spouse must submit a confirmation of a clean criminal record from their country of origin.

    The Investor and his/her spouse should confirm that they do not intend to be employed in Cyprus in any direct or indirect manner except in the position of Directors in a company which they intend to invest under 1C above.

    In case the investor will invest under 1B, 1C or 1D, he/she must present evidence of residence in Cyprus such as title deed or rental agreement.

    Dependent Family members

    Single children between 18-25 years old which are students and which are financially dependent on their parents, may apply, without fulfilling any personal financial requirements. In this case the parents will need to prove additional income of at least 5,000EUR for each dependent child.

    The permit will remain valid even after the holder has exceeded the age of 25 and even if he/she is no longer single and/or financially dependent on his/her parents. It is however noted, that their future spouse and/or children will not be entitled to obtain the Permanent Residency Permit.

    The parents of the couple are also eligible to acquire the Permanent Residency Permit, without any further investments. However, the couple must prove additional income of at least 8,000EUR for each parent.

    Permits may be granted to adult children who are not financially dependent provided that the investment amount will be higher: If there is only one adult child, the investment should be doubled (i.e. €600,000) if two children, €900,000 etc. In addition, the adult child must show evidence that she/he has an annual income of €30,000.

    Feod Group has been providing a full range of services in obtaining permanent residence in Cyprus, both at the stage of selecting and buying real estate, and at the stage of applying and receiving a residence permit in Cyprus.

    OBTAIN PROFESSIONAL IMMIGRATION ADVICE
    OBTAIN PROFESSIONAL IMMIGRATION ADVICE



       

      How Feod Group can support you in obtaining permanent residence in Cyprus?

       

      Over the years, Feod Group has assembled a team of professionals who can assist and support you in obtaining Cypriot citizenship or residence permit.

      Our knowledge of Cyprus law and current practice in Cyprus and professional experience are at your disposal.

      Cyprus, geographically located between East and West is an ideal hub, both for business and family. It offers ideal climate, safe business environment and minimum 360 days of the year perfect weather, as well as being a Christian Orthodox country.

      Feod Group provides together with its Cypriot partners a unique professional service to their clients.

      To receive more detailed information about the program in obtaining a residence permit in Cyprus, please contact us for a consultation conducted by the Feod Group, Cyprus Director – Chryso Christothidou.

      OBTAIN PROFESSIONAL IMMIGRATION ADVICE
      OBTAIN PROFESSIONAL IMMIGRATION ADVICE



        Article author

        Luhina Iryna Head of department
        Visas and Immigration
        Ukraine
        In 2006 graduated from the National Aviation University (NAU), Kiev with a degree in Philology, Translation. Irina Lugina has many years of successful work experience in large companies with a voluminous workflow. Within Feod Group specializes in: visa support by category for financially ...
        In 2006 graduated from the National Aviation University (NAU), Kiev with a degree in Philology, Translation. Irina Lugina has many years of successful work experience in large companies with a voluminous workflow. Within Feod Group specializes in:
        • visa support by category for financially independent foreigners, visas for entrepreneurs and investors in the EU, Great Britain and the USA.
        • preparation and compliance of packages of documents for registration of companies in low-tax jurisdictions, opening bank accounts.
        • obtaining a residence permit and permanent residence in Ukraine on the basis of marriage and through company registration.
        Speaks Ukrainian, Russian, English
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