Cyprus Permanent Residence Permit (PRP)
Cyprus offers a straightforward and attractive route to Permanent Residency (PR) through its Immigration Permit program. Whether you’re an investor, retiree, or seeking a high-quality European lifestyle, Cyprus provides a stable and tax-friendly environment to call home. Our expert legal team specializes in Cyprus immigration law and ensures a seamless PR application process. From investment selection to document preparation, we guide you every step of the way. Secure your Cyprus Permanent Residency effortlessly. Contact us for a consultation and take the first step towards your new European lifestyle.
Benefits of Cyprus Permanent Residency
- Fast-Track Process: Obtain your Cyprus PR in as little as two months.
- EU Connection: Enjoy visa-free travel within the Schengen Zone (expected soon).
- Tax Advantages: Beneficial tax policies with no inheritance tax.
- Business & Investment Opportunities: Set up a business or invest in Cyprus’s thriving economy.
- Family Inclusion: PR extends to spouse, children under 25, and dependent parents.
- Path to Citizenship: PR holders may qualify for Cyprus citizenship after several years of residence.
- Ideal Location: Strategic access to Europe, the Middle East, and Africa.
- High Quality of Life: Excellent healthcare, education, and Mediterranean lifestyle.
How to Obtain Cyprus Permanent Residency
Cyprus offers two main routes to PR:
Fast-Track Permanent Residency (Regulation 6.2)
This is the most popular and efficient route:
- Investment Requirement: A minimum real estate investment of €300,000 + VAT.
- Income Criteria: Proof of at least €50,000 per year, plus additional funds for dependents.
- Processing Time: Approval in approximately two months.
- No Residency Obligation: Visit Cyprus once every two years to maintain PR status.
Category F – Standard Residency Route
For those who prefer a lower investment threshold:
- Investment Requirement: No fixed amount, but applicants must demonstrate stable income.
- Processing Time: Can take up to 12 months.
- Ideal for Retirees: Suitable for non-working individuals with a secured income.
Frequently Asked Questions (FAQ)
- Can I work in Cyprus with a Permanent Residency permit? No, PR does not grant work rights. However, you can own and manage a business.
- Is it necessary to live in Cyprus full-time? No, you only need to visit Cyprus once every two years to maintain PR status.
- Does Cyprus PR lead to citizenship? While PR itself does not grant citizenship, long-term residents can apply for naturalization under certain conditions.
- Can I include my family in the PR application? Yes, your spouse, dependent children under 25, and even parents can be included.
