CYPRUS PERMANENT RESIDENCY PROGRAM

With the support of our trusted partners, we offer comprehensive guidance and tailored services for the Cyprus Permanent Residency Programme, assisting clients throughout the application process and ensuring a smooth, successful path to permanent residency.
The Cyprus Permanent Residency (PR) program provides non-EU individuals with the opportunity to live permanently in Cyprus within a few months. By making a minimum investment of €300,000 + VAT in eligible new residential property, applicants can secure a permanent visa that covers their spouse, dependent children up to 25 years old, and, under certain conditions, parents. This program is designed to offer a fast, reliable, and secure pathway to life in Cyprus, one of Europe’s most attractive destinations.

Benefits of Cyprus Permanent Residency Program

● Family Coverage: PR benefits extend to the spouse, dependent children, and parents (with an additional investment of €300,000 + VAT in a separate property).
● Path to Citizenship: Applicants may apply for Cypriot citizenship after 7 years, provided they have resided in Cyprus for a total of 5 years, offering long-term security and opportunities.
● European Mobility: Residency in Cyprus facilitates travel and business across the European Union, making it easier to live, work, or invest in Europe.
● Favourable Tax Environment: Cyprus offers one of the lowest corporate tax rates in the EU (15%) and a network of double taxation treaties with over 60 countries.
● Reduced VAT: Buyers of their primary and permanent residence may benefit from a reduced 5% VAT rate, subject to certain conditions.
● Non-Dom Tax Advantages: PR holders who qualify as Cyprus tax residents under the Non-Domicile regime may be exempt from the Special Defence Contribution (SDC) on worldwide dividends and interest for up to 17 years.
● Dependent Children: Children included in the PR application may retain their status after turning 18 if they meet the financial dependence criteria.
● Business Opportunities: Permanent Residency makes it easier for individuals to establish and operate a Cyprus-based company, benefiting from favourable tax and regulatory conditions.
● High-Quality Living: Cyprus provides excellent educational institutions and modern healthcare facilities, ensuring a high standard of living for the whole family.
● Flexible Property Investment: The property does not need to be fully completed before applying for PR, provided the purchase agreement is in place, and payments are made.
● Safety and Security: Cyprus is widely regarded as one of the safer countries in Europe, with low levels of serious crime.