Multiple competitive investment options
Maximum period for granting PR under simplified procedure is two (2) months
The right to reside, settle and stay indefinitely in Cyprus
Use of embassies in Cyprus to apply for Schengen Visas
Inclusion of spouse / partner, dependent children under 25 years-old, and parents
No language requirements
Access to high quality educational and medical facilities
Minimal ongoing physical presence or residency requirement
Multiple personal and corporate tax benefits
Applications can proceed without the need for applicants to be present in Cyprus
New residential real estate – up to two units of residential property (apartments or houses) that are being sold by a developer for the first time (or resale if the purchase of the dwellings took place before 7 May 2013).
Non-residential real estate, including offices, shops, hotels, or a combination of these.
Shares of a Cypriot company that has operations in Cyprus and a minimum of five local employees.
Qualifying Cypriot Investment Funds – Alternative Investment Funds (AIFs), AIFs with Limited Number of Persons (AIFLNPs) and Registered Alternative Investment Funds (RAIFS).
Demonstrate that the main PR applicant has invested in a qualifying investment option.
Demonstrate that the main PR applicant has secure annual income (wages, pensions, dividends or rents) from overseas of at least €30,000 per year, if he / she invests via the residential real estate investment option. In all other cases, income can be generated in Cyprus.
Demonstrate additional funds for any dependents included on the PR application – €5,000 per year for a dependent spouse / partner or child, and €8,000 per year for a parent or parent-in-law.
Main PR applicant and his / her spouse are required to certify that they do not intend to work in Cyprus and must submit a clean criminal record certificate issued by the police authority of their existing country of residence.
PR card holders must visit Cyprus at least once every two years to maintain PR status.
Processing a PR application
Fast-track PR Application Process
Invest the minimum amount into a Cyprus-based qualifying investment option.
Following the grant of a power of attorney, Sovereign’s legal representatives will prepare and submit the PR application and legal documents to the Civil Registry and Migration Department.
Provided all the investment criteria and additional requirements are met, applicants will receive their Cyprus PR designation within two months.
Once PR status has been granted, all successful applicants are required to visit Cyprus within one year to provide their biometrics to the Cypriot authorities and to obtain their PR card.
PR card holders must visit Cyprus at least once every two years to maintain their status.