Your permanent place under the sun.

Your permanent place under the sun.

A question that never loses its relevance: how to obtain a residence permit in the EU. Traditionally Cyprus is included in the lists of countries with the most understandable and simple procedures. One of the types of PR (Permanent Residence) is based on the purchase of real estate.

Here are the main conditions:

·         New properties must be worth at least € 300,000 plus VAT. By the way: if the object costs, for example, € 250,000, you can order furniture or custom finishes from the developer for the remaining amount.

·         The applicant must have at least 30.000 Euros annual income for himself and plus 5.000 Euros for each dependent. It is crucial to mention that the annual income should derive from legal sources from abroad

·         A bank deposit of 30.000 Euros must be created in any Bank in Cyprus, blocked for at least 3 years. This amount must be transferred from abroad, as well.

·         The PR permit does not give the right of employment, but its owner can be a shareholder in a Cyprus company.

·         The owner of the PR permit can transfer the parents to the island, subject to the minimum income requirement of € 8,000 per parent or parent of the spouse.

And the most interesting part: real objects that you can purchased now and begin the process of obtaining a permanent Cypus residence permit.

1. 3-bedroom apartment 900 meters from the sea, in a complex with a gym, swimming pool and playground for a special offer € 395,000. Excellent investment potential!

2. 3-bedroom house in the village of Souni 20 minutes from Limassol, great views and, importantly, a couple of degrees cooler than on the coast. € 300,000

3. New, one-bedroom luxury apartment, 250 meters from the sea and the famous eucalyptus grove. € 290,000

We will be happy to help you determine the most liquid property and organize transaction support from the stage of selection to obtaining a permanent residence permit.