EU Residency – Real Chester

BENEFITS OF PERMANENT RESIDENCY

Fast Procedure

This new, simplified, fast track procedure was introduced for issuing permits to non EU citizens who wish to invest in Cyprus by purchasing property. The procedure takes two months. Applies for the family

It applies for the investor, their wife or husband and children under the age of 18. Children over 18 are also allowed to reside in Cyprus under the Family Reunification Act. Geographical position Cyprus offers a great place to visit/live, it enjoys a strategic geographical position, offers excellent worldwide connections, has excellent infrastructure, a pleasant climate and is highly stable.

INVESTMENT CRITERIA

Cyprus citizenship may be obtained through a secure property investment, the financial criteria are as follows:

The Purchase Price must be at least 300,000 Euro (not including VAT)
At least 200,000 Euro (not including VAT) should be paid to the Vendor
Proofs of transfer of 200,000 Euro (not including VAT) from abroad must be provided
The applicant should also have a deposit of €30.000 pledged in a bank account in Cyprus for 3 years

APPLICATION CRITERIA

In addition to make a financial investment applicants must also meet the following criteria/ supply the following documents:

Passport
Birth Certificate
Police Clearance Certificate
Marriage Certificate
Detailed Biography

OBTAIN AN EU CITIZENSHIP

The process of obtaining Cypriot passports through the Cyprus citizenship-by- exemption program, grants EU citizenship for citizens from third countries.

CONTACT US

THE PROCESS

1Applicant must gather all necessary papers required for application (see application criteria). The documents must be officially translated into Greek or English and certified with apostille (if in a country which has signed the Hague Convention of 1961) or stamped by the Ministry of Foreign Affairs and relevant Cyprus Embassy.
2Selected property/ies (through visit to Cyprus or via correspondence). Sign purchase agreement and transfer funds to a secure account. Receipt issued by developer, which is required for application. Payment of submission fee €2,000 per adult applicant.   Application lodged, together with the property purchase agreement and all required documents, at the Ministry of Interior. Citizenship approval from the Ministry of Interior within a 3 month period. Payment of €5,000 per applicant approval fee. Applicant (and spouse) must visit Cyprus within 3 months of receiving approval to affirm faith to the Republic of Cyprus in the district court and to collect their passport and identity card/s. Submit the applications of children to be naturalized. Applications of minor children are processed within 3 weeks; they can visit Cyprus anytime to collect their paper.
3Adult children’s applications are processed within 2 months and are subject to a submission fee of €2,000 and approval fee of €5,000. Adult children must visit Cyprus within 3 months to make the necessary oath and collect their passport and identity card.