Loizena Properties for Sale in Cyprus Larnaca

Cyprus Permanent Residency By Investment

Many non-EU citizens consider Cyprus as the preferred country for permanent residence. EU member status apart, there are significant advantages to becoming a permanent resident of Cyprus, including the favourable tax regime for both individuals and companies, personal freedom, safety and security, and the opportunity to engage in business across the EU.

Loizena Properties for Sale in Cyprus Larnaca

Becoming a Permanent Resident of Cyprus

Becoming a Permanent Resident of Cyprus opens many doors for individuals and families who see their future life, or who seek business opportunities, in the EU. It can be the pathway to EU citizenship or a vehicle whereby doing business in the EU is easier and more lucrative.

Application Criteria

The process of acquiring Permanent Residence status for Non-EU citizens and their families is straightforward for those who meet the criteria and conditions set down by the Government of Cyprus.

The process

  1. Applicant must gather all necessary papers required for application. The documents must be officially translated into Greek or English and certified with apostille (if in a country which has signed the Hague Convention of 1961) or stamped by the Ministry of Foreign Affairs and relevant Cyprus Embassy.
  2. Selected property/ies (through visit to Cyprus or via correspondence). Sign purchase agreement and transfer funds to a secure account. Receipt issued by developer, which is required for application.
  3. Payment of submission fee €500 for the applicant.
  4. Application lodged, together with the property purchase agreement and all required documents, at the Civil Registry and Migration Department (CRMD).
  5. Fast Track Residence Permit form CRMD within a 3 month period.
  6. Applicants must visit Cyprus after receiving approval to provide authorities with their Biometric Data and to collect their Residence Permit Cards.
  7. The Immigration Permit issued to an applicant covers his/her spouse and children under the age of 18.