Cyprus Permanent Residency: Invest in Your Future and Freedom

Cyprus Permanent Residency: Invest in Your Future and Freedom

Unparalleled Lifestyle Meets Strategic Investment

Acquiring property in Cyprus, as an investment or a second home, has long been a favored choice for international investors. The allure is undeniable: a remarkable quality of life bathed in year-round sunshine, stunning natural beauty, and a business-friendly environment brimming with investment incentives.

Reasons to Choose Cyprus:

  • EU and Eurozone Membership: Enjoy the benefits of a stable economic union.

  • Strategic Location: Cyprus sits at the crossroads of Europe, Asia, and Africa, offering unparalleled connectivity.

  • Exceptional Infrastructure: From top-tier educational institutions and healthcare facilities to exclusive golf resorts, marinas, and high-speed internet, Cyprus boasts the infrastructure to elevate your life.

  • Affordable Luxury: Live a high-standard lifestyle without breaking the bank.

  • Economic Powerhouse: Cyprus’ recent natural gas discovery promises a bright economic future.

  • Thriving Tourist Destination: Immerse yourself in a vibrant atmosphere that welcomes over 4 million tourists annually.

  • Outdoor Paradise: Cyprus offers a plethora of opportunities for outdoor activities and sports.

  • Safety and Rich Heritage: Enjoy a safe and secure environment steeped in culture and history.

Cyprus Residency by Investment: Your Gateway to the EU

The Cyprus Permanent Residency Program allows property investors to establish a Mediterranean home and become residents.

Investing in Your Future:

  • Freely Live, Work, and Thrive: Gain unfettered access to Cyprus’ advanced healthcare and educational systems. Start a business or establish a company to tap into Cyprus’ excellent business and tax advantages.

  • Travel with Ease: Cyprus’ strategic location and two international airports make it a superb base for global exploration. Obtain a Schengen visa within just a week and explore Europe freely.

  • Education and Healthcare Excellence: Invest in your family’s future with access to top-notch education and healthcare.

  • Permanent Benefits: Your permanent residency permits are valid forever, extending to your eligible family members and offering the opportunity to apply for EU citizenship after seven years.

Secure Your Permanent Residency (Updated Regulations 2024):

Investment Requirements:

  • Minimum Investment: €300,000 (excluding VAT)

Investment Options:

1a) House/Apartment: €300,000 + VAT. Funds must be transferred from abroad from the main applicant or spouse’s personal bank account. Purchases from legal entities with applicant/spouse as sole shareholders (established in Cyprus, EU, or EEA) are also accepted. Up to 2 properties can be combined to reach the minimum amount.

1b) Other Properties: €300,000 investment in offices, shops, hotels, or similar developments (including resale properties).

1c) Cypriot Company Share Capital: €300,000 investment in a new or existing company with a physical presence in Cyprus and employing at least five people.

1d) Cyprus Investment Organization Shares: €300,000 investment in a Cyprus Investment Organization for Collective Investments with investments within Cyprus.

Annual Income Requirement:

  • The applicant must prove a stable and secured annual income of at least €50,000.

  • The income requirement increases by €15,000 for the spouse and €10,000 for each dependent minor child.

  • Income can only be proven by tax declaration.

Eligible Family Members:

  • Spouse

  • Minor children of the applicant and/or spouse

  • Unmarried dependent adult children up to 25 years old (considered only if students)

Additional Requirements:

  • Clear criminal record certificates from both the country of origin and current residence (for all adult applicants).

  • Health insurance certificate covering inpatient and outpatient medical care.

  • Sufficient bedrooms in the property to accommodate the applicant’s family. If not, proof of another property in Cyprus is required.

Maintaining Permanent Residency:

  • Annual proof of continued investment, income, and health insurance (or GESY participation) is required for the applicant and adult family members.

  • Annual clean criminal record certificates from both the country of origin and current residence are required for the applicant and adult family members.

Non-Compliance:

Failure to meet these requirements may result in the cancellation of the residency permit for the applicant and their family members.

DTA Group: Empowering Your Future

DTA Group offers a comprehensive portfolio of properties and in-depth knowledge of the Cyprus real estate market and residency program. We also provide a suite of property management services, including maintenance, upkeep, and rental options, to safeguard your investment.

With our proven approval rate, we empower you to take charge of your future and unlock a world of possibilities. Contact DTA Group today to learn more about how Cyprus Permanent Residency can benefit you and your family.

Disclaimer:

The information provided in this document is for informational purposes only and does not constitute legal or financial advice. DTA Group recommends consulting with a qualified attorney and financial advisor to ensure you understand the latest regulations and implications of the Cyprus Permanent Residency Program before making any investment decisions. While we strive to keep information accurate and up-to-date, DTA Group is not responsible for any errors or omissions contained herein.

We encourage you to contact DTA Group today to learn more about how Cyprus Permanent Residency can benefit you and your family. Our team of experts can guide you through the application process and ensure you have the most current information available.