| CAPITAL: | TOTAL AREA: | POPULATION | LANGUAGE(S): |
|---|---|---|---|
| Nicosia | 9,251 km² | 1.17 million | Greek, English |
| CURRENCY: | EXCHANGE RATE: | GDP – PER CAPITA (2016): | GDP – TOTAL (2016): |
|---|---|---|---|
| Euro (EUR) | 1 USD = 0.86 EUR | USD 23,324 | USD 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.
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
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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
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.
Savory and Partners will assist in the opening of a Cypriot bank account.
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
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.
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.
Applicants must prove that they have made the following investments
The applicant should prove at least €30,000 income for himself and plus €5,000 for each dependent on: