If you wish to obtain permanent residency in Cyprus and you are willing to invest in the country, you may apply for a permanent residence permit (Category F) through the standard procedure. This scheme leads you to permanent residence in 1 year. To be eligible, you must purchase or rent a property in Cyprus.
How do I become a resident of Cyprus?
Requirements for Cyprus Residency by Investment
- You must purchase real estate property worth at least €300,000.
- You must make a €30,000 deposit into a bank in Cyprus. …
- You must prove you have an annual income of at least €30,000 for yourself, and another €5,000 for every dependent (spouse and children).
Is it easy to get PR in Cyprus?
A Permanent resident of Cyprus after completing five years (total of 1825 days) of legal stay in Cyprus is entitled to apply for Cyprus Citizenship. This is the naturalisation scheme based on years of residence (M127). Residency card is obtained within two months through the fast-track process.
How much does it cost to get citizenship in Cyprus?
Cyprus — $2 million minimum investment
There are two requirements for securing citizenship in Cyprus: A direct minimum €75,000 ($84,000) donation to the Research and Innovation Fund. A direct minimum €75,000 ($84,000) donation to the Cyprus Land Development Corporation.
How do I get a temporary residence in Cyprus?
To apply for a Temporary Cyprus Residence Permit, you must submit the following documents: Temporary Residence Permit Application Form, completed and signed. Certificate of police clearance, issued from your country of residence within the past six months.
Are cars cheap in Cyprus?
New and used cars are more expensive to buy in Cyprus than the UK. It may be more cost-effective to purchase a car on the island, however, if excise taxes add up when shipping yours over. It’s worth noting that cars tend to retain their value more in Cyprus than they do in the UK.
How much money do I need to live in Cyprus?
Family of four estimated monthly costs are 2,845$ (2,411€) without rent. A single person estimated monthly costs are 807$ (684€) without rent. Cost of living in Cyprus is, on average, 14.12% lower than in United States. Rent in Cyprus is, on average, 45.43% lower than in United States.
Is there job opportunities in Cyprus?
Although there are several jobs throughout the year, most part time jobs usually open up more frequently in summer as the island is abuzz with domestic and international tourists the main cities such as Nicosia, Limassol, Paphos and Larnaca present students with better job-seeking opportunities as they have larger …
How long does it take to get Cyprus citizenship?
How to apply. The applicant needs to prepare a full list of entries and departures from Cyprus (based on passport stamps) which should confirm the above required days of stay. Each family member has to file a separate application and pay the required fee. Application processing is estimated to take 1-2 years.
Can I live and work in Cyprus?
Finding a job in Cyprus
The employment of foreigners in Cyprus is overseen by the Department of Labour. According to law, non-EU nationals have to register with the Civil Registry and Migration Department (CRMD), while EU citizens can work in Cyprus without any restrictions.
Does Cyprus give citizenship?
A Cyprus citizenship is equivalent to an EU citizenship, and as such, one can reside or work in any of its 26-member countries. Listed are some of the significant benefits of becoming a Cyprus passport holder. No residency requirements to obtain citizenship. Enjoy visa-free or visa-on-arrival access to 174 countries.
Can foreigners buy property in Cyprus?
In short – yes, foreigners are able to purchase property in Cyprus. What’s more, it’s easier to do so here when compared with many European countries. EU citizens are able to purchase property in Cyprus with no restrictions.