- Application processing takes 3-4 months – with the Fast Track program.
- Lowest taxation rates in Europe with no foreign income and inheritance tax for residents.
- No physical residency requirement during or after the application procedure (the only requirement is one visit every 2 years).
- No interview requirement nor education or management experience required.
- Visa free travel to 160+ countries worldwide including the Schengen countries, UK, UAE, Australia, Canada, Qatar, Singapore and Hong Kong.
- The program is open to all nationalities.
- Family members between the ages of 18-25 may obtain permanent residency.
Location
Gallery
Benefits
Qualifications
- Have a high personal net worth.
- Hold no criminal record.
- Be of good health.
TIMELINE & PROCEDURE
STEP 1 – Month 1
- Elite Citizenship & Investment will pre-screen your passport copy for government pre-approval before requirement of investment.
- A down payment of the professional fees is required to open your application (paid on signing of retainer agreement).
- Collection of the all the required documents according to the Government checklist.
- Elite Citizenship & Investment will guide you to properties that match your criteria.
STEP 2 – Month 1
- Elite Citizenship & Investment will assist in the opening of a Cypriot bank account.
- Prepare property purchase documentation required on purchase. Property purchase funds and taxes transferred.
- Once the sale agreement for the purchase of your property is signed and all other relevant documents gathered, the Permanent Residency application will be filed with the Migration Department.
- Remaining balance of professional fees are paid.
STEP 3 – Month 3-4
Once the Permanent Residency Permit has been granted, the applicant must visit Cyprus within one year to obtain the actual permit and passport stamps.
VISA FREE TRAVEL
With Cyprus Permanent Residency you can travel to Cyprus.
After obtaining Cyprus Citizenship you can travel to:
(Visa-free and visa-on-arrival countries)
Albania
Andorra
Angola
Antigua and Barbuda
Argentina
Armenia
Australia
Austria
Azerbaijan
Bahamas
Bahrain
Bangladesh
Barbados
Belarus
Belgium
Belize
Benin
Bolivia
Bosnia and Herzegovina
Botswana
Brazil
Brunei
Bulgaria
Cambodia
Canada
Cape Verde
Chile
Colombia
Comoros
Costa Rica
Croatia
Czech Republic
Denmark
Djibouti
Dominica
Dominican Republic
Ecuador
Egypt
El Salvador
Estonia
Ethiopia
Fiji
Finland
France
Gabon
Gambia
Georgia
Germany
Greece
Grenada
Guatemala
Guinea-Bissau
Haiti
Honduras
Hungary
Iceland
India
Indonesia
Iran
Ireland
Palestine
Italy
Jamaica
Japan
Jordan
Kazakhstan
Kenya
Kiribati
Kuwait
Kyrgyzstan
Laos
Latvia
Lebanon
Lesotho
Liechtenstein
Lithuania
Luxembourg
Macedonia
Madagascar
Malawi
Malaysia
Maldives
Marshall Islands
Mauritania
Mauritius
Mexico
Micronesia
Moldova
Monaco
Montenegro
Morocco
Mozambique
Myanmar
Nepal
Netherlands
New Zealand
Nicaragua
Norway
Oman
Palau
Panama
Papua New Guinea
Paraguay
Peru
Philippines
Poland
Portugal
Qatar
Romania
Rwanda
Saint Kitts and Nevis
Saint Lucia
Saint Vincent and the Grenadines
Samoa
San Marino
São Tomé and Príncipe
Senegal
Serbia
Seychelles
Singapore
Slovakia
Slovenia
Solomon Islands
Somalia
South Africa
South Korea
Spain
Sri Lanka
Swaziland
Sweden
Switzerland
Tajikistan
Tanzania
Thailand
Timor-Leste
Togo
Tonga
Trinidad and Tobago
Turkey
Tuvalu
Uganda
Ukraine
United Arab Emirates
United Kingdom
Uruguay
Vanuatu
Vatican City
Venezuela
Zambia
Zimbabwe
PROGRAM COSTS
Applicants must prove that they have made the following investments
1) Purchase or ownership of a residence: € 300,000 + VAT
2) A Bank deposit in a Cypriot Bank, pledged for 3 years: € 30,000
3) Proof of income
The applicant should prove at least € 30,000 income for himself and plus € 5,000 for each dependent on:
- An applicant may purchase up to 2 residential units (apartments or houses), or 1 residential unit and 1 shop with an area of up to 100m² or 1 residential unit and an office with an area of up to 250m²
- Residences or apartments may be independent of each other but both must be sold by the same
company - The property must be new (not a resale)
- Location
-
Location
Gallery
- Benefits
-
Benefits
- Application processing takes 3-4 months – with the Fast Track program.
- Lowest taxation rates in Europe with no foreign income and inheritance tax for residents.
- No physical residency requirement during or after the application procedure (the only requirement is one visit every 2 years).
- No interview requirement nor education or management experience required.
- Visa free travel to 160+ countries worldwide including the Schengen countries, UK, UAE, Australia, Canada, Qatar, Singapore and Hong Kong.
- The program is open to all nationalities.
- Family members between the ages of 18-25 may obtain permanent residency.
- Qualifications
-
Qualifications
- Have a high personal net worth.
- Hold no criminal record.
- Be of good health.
- Timeline & Procedure
-
TIMELINE & PROCEDURE
STEP 1 – Month 1- Elite Citizenship & Investment will pre-screen your passport copy for government pre-approval before requirement of investment.
- A down payment of the professional fees is required to open your application (paid on signing of retainer agreement).
- Collection of the all the required documents according to the Government checklist.
- Elite Citizenship & Investment will guide you to properties that match your criteria.
STEP 2 – Month 1
- Elite Citizenship & Investment will assist in the opening of a Cypriot bank account.
- Prepare property purchase documentation required on purchase. Property purchase funds and taxes transferred.
- Once the sale agreement for the purchase of your property is signed and all other relevant documents gathered, the Permanent Residency application will be filed with the Migration Department.
- Remaining balance of professional fees are paid.
STEP 3 – Month 3-4
Once the Permanent Residency Permit has been granted, the applicant must visit Cyprus within one year to obtain the actual permit and passport stamps.
- Visa Free Travel
-
VISA FREE TRAVEL
With Cyprus Permanent Residency you can travel to Cyprus.After obtaining Cyprus Citizenship you can travel to:
(Visa-free and visa-on-arrival countries)Albania
Andorra
Angola
Antigua and Barbuda
Argentina
Armenia
Australia
Austria
Azerbaijan
Bahamas
Bahrain
Bangladesh
Barbados
Belarus
Belgium
Belize
Benin
Bolivia
Bosnia and Herzegovina
Botswana
Brazil
Brunei
Bulgaria
Cambodia
Canada
Cape Verde
Chile
Colombia
Comoros
Costa Rica
Croatia
Czech Republic
Denmark
Djibouti
Dominica
Dominican Republic
Ecuador
Egypt
El Salvador
Estonia
Ethiopia
Fiji
Finland
France
Gabon
Gambia
Georgia
GermanyGreece
Grenada
Guatemala
Guinea-Bissau
Haiti
Honduras
Hungary
Iceland
India
Indonesia
Iran
Ireland
Palestine
Italy
Jamaica
Japan
Jordan
Kazakhstan
Kenya
Kiribati
Kuwait
Kyrgyzstan
Laos
Latvia
Lebanon
Lesotho
Liechtenstein
Lithuania
Luxembourg
Macedonia
Madagascar
Malawi
Malaysia
Maldives
Marshall Islands
Mauritania
Mauritius
Mexico
Micronesia
Moldova
MonacoMontenegro
Morocco
Mozambique
Myanmar
Nepal
Netherlands
New Zealand
Nicaragua
Norway
Oman
Palau
Panama
Papua New Guinea
Paraguay
Peru
Philippines
Poland
Portugal
Qatar
Romania
Rwanda
Saint Kitts and Nevis
Saint Lucia
Saint Vincent and the Grenadines
Samoa
San Marino
São Tomé and Príncipe
Senegal
Serbia
Seychelles
SingaporeSlovakia
Slovenia
Solomon Islands
Somalia
South Africa
South Korea
Spain
Sri Lanka
Swaziland
Sweden
Switzerland
Tajikistan
Tanzania
Thailand
Timor-Leste
Togo
Tonga
Trinidad and Tobago
Turkey
Tuvalu
Uganda
Ukraine
United Arab Emirates
United Kingdom
Uruguay
Vanuatu
Vatican City
Venezuela
Zambia
Zimbabwe - Program Costs
-
PROGRAM COSTS
Applicants must prove that they have made the following investments1) Purchase or ownership of a residence: € 300,000 + VAT
2) A Bank deposit in a Cypriot Bank, pledged for 3 years: € 30,000
3) Proof of income
The applicant should prove at least € 30,000 income for himself and plus € 5,000 for each dependent on:
- An applicant may purchase up to 2 residential units (apartments or houses), or 1 residential unit and 1 shop with an area of up to 100m² or 1 residential unit and an office with an area of up to 250m²
- Residences or apartments may be independent of each other but both must be sold by the same
company - The property must be new (not a resale)