Nestled in the warm Mediterranean waters between Europe, the Middle East, and Africa, the Republic of Cyprus beckons to investors looking for a quick turnaround on their permanent residency or citizenship and passport application. The third largest and third most populous island in its home sea, Cyprus claims to be the legendary birthplace of the classical goddess of love and beauty, Aphrodite. Indeed, the Cypriot landscape has witnessed centuries of civilizations that have succeeded each other. Now, tourists flock to visit the remarkable Roman villas, Byzantine churches, Crusader fortresses, Ottoman mosques, and prehistoric sites that dot the countryside.
Cyprus Residency by Investment Program enables foreign investors to obtain a Cypriot permanent residence permit (PRP) in just 2 months through a property purchase from €300,000 (plus VAT). The property should be a first-time sale and may comprise of up to two housing units which must be purchased from the same developer. Once the PRP has been granted, applicants are required to visit Cyprus within 1 year to submit their biometrics data for issuance of their PR card, and should not be absent for more than 2 years. Cyprus Residency can be used as a first step towards Cyprus Citizenship.