In case, the permanent residency holders spend a minimum of 6 months in Cyprus every year, they may become eligible to apply for citizenship in Cyprus after 6 years based on naturalization.

Cyprus residency

 

A Mediterranean Island state, Cyprus is a favored tourist destination and a financial hub. It boasts of famous holiday sites and is a second home for many High Net Worth individuals. Cyprus is also a member of the European Union and Schengen Zone enabling permanent residency holders the right to travel around Europe.
The Government of Cyprus introduced a Fast Track residential mechanism in 2013 called the ‘Category F’ scheme enabling foreign residents who make an investment fulfilling the following requirements, to claim permanent residency in Cyprus:

  • Investment in residential or other property through the purchase of property valued at a minimum of EUR 300,000.
  • The secured income of a minimum of EUR 30,000 for the main applicant and EUR 5,000 for each additional dependent from abroad.
  • A bank account in Cyprus with a deposit of a specified amount of funds.
  • A visit to Cyprus every two years to maintain residency status in the country.

In case, the permanent residency holders spend a minimum of 6 months in Cyprus every year, they may become eligible to apply for citizenship in Cyprus after 6 years based on naturalization.
Empire possesses experts who can assist in your application and investment for Cyprus Permanent Residency and ensure that you face minimum hassles.