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Residence Permits & Citizenship in Cyprus

A property owner may apply for a residence permit in Cyprus. Cypriot citizenship

Residence Permit. Accelerated procedure There is a citizenship program available in Cyprus, therefore, if you
purchase real estate in Cyprus or make other types of investments, you
There is a simplified procedure for obtaining a residence permit in have the right to apply for a citizenship.
Cyprus by foreign nationals. In order to qualify for a Cypriot citizenship, it is necessary to invest at
According to the Cypriot legislation, foreign citizens, who purchase real least 2 million € +VAT.
estate in Cyprus with a total value of at least 300 000€+VAT, have the
right to apply for a permanent residence permit. The processing time is Advantages of the citizenship program:
around 2 months after submitting the documents. Not only the owner of
the property, but also their family have the right to apply for a permanent » Express procedure, it is possible to obtain the passport of the
residence permit. Republic of Cyprus in 6 months.
» It is not necessary to permanently reside in Cyprus.
Regular application process » There are no acts of donations to the State.
» Citizens of Cyprus can travel visa-free to 158 countries in the world.
For real estate owners, the value of which is less than 300 000 €, as well » It is not necessary to renounce the previous citizenship, this way,
as for secondary property owners, there is a regular application process it is possible to have dual citizenship.
in place for obtaining a residence permit. The processing time is not set, » A citizen of Cyprus exercises all the rights of an EU citizen, freedom
usually it ranges from 9-12 months. of residence, education, work, entrepreneurship in any EU State, as
well as in Switzerland, Lichtenstein, Norway and Iceland.
Advantages of a residence permit in Cyprus: » Citizenship is granted simultaneously to the spouse, as well as all
underage and dependent children under 28 years old.
» The residence permit is permanent and life-long » Low registration fees when applying to receive a citizenship.
» Residing in Cyprus for an unlimited number of days per year » Extensive choice of investment funds: residential real estate,
» Applicable for the whole family commercial real estate, various assets, or a combination of various
» Residing permanently in Cyprus is not required investments.
(except for visiting the island twice a year)
» Gives the right to apply for a Cypriot citizenship
(if you have lived in the country for 7 years)
» Receive European education in some of the best universities
of Cyprus!

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