Although this amount is not mentioned in the category F regulation, individuals investing 150.000 Euro can acquire the Cypriot (E.U.) permanent residency. The candidate should also provide the proof of annual income no less than 30.000 Euro. The income may include any source of income including wages, salaries, and dividends or rental income.

The expenses related to the procedure include the application fee, lawyers fee, health insurance, stamp duties, and taxes equivalent in total to 5000 Euro. The candidate does not have to keep the deposit of 30.000 Euro.

The application should be submitted along with the CV, ownership of the company, bank statements, stocks, and other related documents to be presented as a proof to the immigration department stating eligible financial position to become a resident of Cyprus. The timeline of the entire process is projected from 7 to 12 months.

If you are interested in learning more about the permanent residency program that Cyprus has to offer, please contact our Cyprus office.