Welcome to SA Consultant

Talk to an expert

+92 42 36619618-9

Apply Now

Business Phone
Contact time

Mon-Sat: 9.00-18.00

Minimum Investment

Donation

Minimum Investment

0
Real Estate

Time To Citizenship

0
Months

Visa-Free Access

0
Donation

About Cyprus

CAPITAL:TOTAL AREA:POPULATIONLANGUAGE(S):
Nicosia9,251 km²1.17 millionGreek, English
CURRENCY:EXCHANGE RATE:GDP – PER CAPITA (2016):GDP – TOTAL (2016):
Euro (EUR)1 USD = 0.86 EURUSD 23,324USD 19.8 billion

According to Cypriot law, a Non-European national who buys one or two properties (Residential) in Cyprus for himself and his family for a total value of €300.000 + VAT and more, he/she may apply for Cyprus Permanent Residency.

The Cyprus Permanent Residency Program is a fast track program whereby applications are processed within two months of filing.

Benefits of Cyprus Residency

Protected by the government citizenship law
Immediate access to 160+ countries without visa
Obtain irrevocable citizenship and passport
Take full control of your and your family’s wealth

  • Fast track application procedure –approval within 2 months from the date of filing.
  • Applicants and their families can freely reside in the Republic of Cyprus.
  • Applicants can register a company in Cyprus and be shareholders in their Cypriot companies.
  • Cyprus experiences a warm Mediterranean climate all year round.
  • Cyprus is a safe and secure country with one of the lowest crime levels in the EU
  • Strategically located at the crossroads of Africa, Europe and Asia and the Middle East.
  • No inheritance tax; Cyprus has one of the lowest taxes in the world and double taxation treaties with over 43 countries.
  • Applicants and their families have access to the best Universities and private schools all around the island.
  • Cyprus is a full member of the European Union and a member of the Eurozone.
  • Applicants up to the age of 25 years old can be considered as dependents provided they are in consecutive levels of education or children with severe physical or mental disabilities.

Visa-Free Countries for Cyprus Residency

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
Israel
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

European Residency

Steps of Cyprus Permanent Residency

Step 1

SA Consultants will pre-screen your passport copy for government pre-approval. A down payment of the professional fees is required to open your application. The response is in 24-48 hours

Step 2

We will provide assistance and advice with regards to the collection of the documents required in the checklist for the Cyprus Visa application. A Meeting is then set up with dedicated Attorneys in Cyprus so that a “Power of Attorney “mandate is signed in the presence of a certifying officer.

Step 3

Savory and Partners will assist in the opening of a Cypriot bank account.

Step 4

We will guide you to the Cypriot property that fully satisfies your requirements (€300,000) and start preparing the property purchase documentation required to be presented for the Permanent Residency application. An initial payment of at least €200,000 must be made

Step 5

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. Approval can be expected within two months, and Permanent Residency is granted provided all requirements have been met.

Step 6

Once the Permanent Residency Permit has been granted, the applicant must visit Cyprus within one year to obtain the actual permit and passport stamps. The remaining 50% SA Consultants fees are paid.

Costs of Cyprus Permanent Residency

Applicants must prove that they have made the following investments

1) Purchase or ownership of a residence

Minimum investment
EUR 300,000 + VAT

2) A Bank deposit in a Cypriot Bank, pledged for 3 years

Minimum amount
EUR 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)
Minimum amount income (main applicant)
EUR 30,000
Minimum amount income (each dependent)
EUR 30,000

Conditions

  1. All investment funds must be proved to have emanated from abroad.
  2. A Declaration is signed by the applicant/spouse that there is no intention to be employed in Cyprus. The applicant and/or his wife could be shareholders and directors in a company registered in Cyprus.
  3. All applicants must visit Cyprus at least once every 2 years.
  4. All applicants must have a clean criminal record.
  5. Unmarried children between the ages of 18 and 25, provided they are students and financially dependent on the applicant, can submit their own application to obtain the Permanent Residency Permit on the basis of the main applicant’s investment
SA Consultant’s professional fees, official application forms, certification of citizenship and passport, courier & other disbursements are the only other costs associated. A full-itemized quotation with no hidden costs is provided.