CYPRUS PERMANENT RESIDENCE

A Category F Permanent Residence Permit (PRP) in Cyprus allows immediate family members to acquire permanent residency simultaneously with the applicant. The procedure for obtaining permanent residency can take as little as two months. We are experienced in managing the application process and we offer bespoke real estate deals through our associated real estate company,  P Harakis Ltd.

Benefits

The benefits of permanent residence in Cyprus include:

  • The option of a second home for the holder
  • The right to lower university tuition fees in some European countries
  • The potential to acquire a Cyprus (EU) passport after 7 years

Requirements

Applicants must:

  • Have a minimum overseas annual personal income of €30,000, including €5,000 for each of the applicant’s dependents
  • Purchase a residential property in Cyprus. If the purchase cost is over €300,000, the Cyprus Authorities will expedite PRP processing time to 2 months (from 6-12 months)
  • Deposit €30,000 for three years in a Cyprus bank account