Cyprus Residency by Investment:Cyprus is actually a very interesting place to live. Its weather, geography and country beauty is so amazing. People either wants to visit, work or live there as permanent residents. For one to have permanent residency of Cyprus, you to be either a citizen, a worker (an employee), a student or you can obtain Cyprus residency by investment.

This is the accusation of Cyprus permanent residence through your investment of a stipulated amount in Cyprus. Completing all other requirements gives you the opportunity of permanent residency  based on the completion of the program requirements. Therefore,Cyprus residency by investment are of two categories:

1. The fast track (regulation 6(2) application).
2. The normal track (regulation 5(f) application).

Options in Real Estate for Cyprus residency permit

• The applicant should be own a property in Cyprus (house, apartment or other building) for a minimum value of EUR 300.000 (VAT not included).
• The applicant may purchase up to two housing units (apartments or houses). These houses can be bought by applicant independently, but be purchased from the same development company.For Example:
• One housing unit and a shop of a surface of up to 100 sq.m.

or

• A housing unit and an office of a surface of up to 250 sq.m, provided that the total market value is min EUR 300.000.
• For permanent residency, anyone that applies is not entitled to work or become engaged in any form of business as employee in Cyprus. However, applicants are allowed to set up their own companies/businesses and manage their companies as directors of their companies.
• Although,No sanction order must have been given to the applicant or any of his or her dependents.
• The applicant must visit Cyprus at list once every two years.
• Applicant must have a clean criminal record with will be certified by a legal institution.