What is Cyprus Permanent Residence Card by Investment program?

Cyprus is a beautiful island country located in the Mediterranean region, with warm sunshine all year round, endowed by nature with green forests and picturesque long coastline. Cyprus is in the top 5 safest countries in Europe, known as a great resort for family.

Among the ideal countries to invest in real estate, Cyprus is ranked as the most promising country and the right choice for investors who want to get a European permanent resident card. This has attracted many investors from all over the world, including Vietnam. Investing in Cyprus opens the way to get a permanent resident card in Europe easily while the governments of the United States, Australia and Canada are tightening immigration policies.

Benefits

Fast processing time:

• Issue permanent residence card within 6-8 months

Permanent residency for 3 generations:

• Permanent residency is granted to all 3 generations of the family: Parents, investors, spouse and dependent children up to the age of 25.

Requirements

Real estate investment:

• Investment in real estate in Cyprus (house, apartment, villa) with a minimum value of 300,000 EUR (excluding VAT)

Proof of income:

• The applicable annual income for applicants is EUR 30,000 (plus EUR 5,000 for each dependent who is a spouse or child, and an additional EUR 8,000 for each biological parent or spouse’s parent).

Savings account in Cyprus:

• Have a savings account in Cyprus for 3 years, minimum EUR 30,000