K.P.S. Services Ltd
Cyprus Residency Programs
Permanent Residence in Cyprus – Regulation 6 (2)
The above can be acquired if the applicant falls within one of the six categories (A – F) as per government regulations.
The permit is granted for an indefinite duration of time as long as:
The applicant has purchased in Cyprus one or two new real estate properties of a minimum total purchase cost of €300,000 excluding VAT. The properties can be of any combination i.e. one residence and one office or one residence and one shop or two residencies. It should be noted that proof of payment of €200,000 of the actual purchase cost must be settled and obtained
A minimum annual personal income deriving from sources other than the employment in Cyprus, of €30,000 and in case of each applicant’s dependants the minimum amount increases by €5,000. For each parent of the main applicant and / or the spouse of the main applicant, the amount increases by €8,000
The applicant must maintain a minimum three year fixed deposit account in a bank operating in Cyprus of a minimum amount of €30,000. The funds must be transferred from abroad, must be of legal origin and should not originate from Cyprus sources
Additional conditions and requirements:
The applicant must submit a declaration regarding his / her income
The applicant should provide a confirmation that he / she does not intent to work or / involve in any form of business in Cyprus
Apostil clean criminal record from country of origin
Birth certificate
Marriage Certificate
Valid Passport
Curriculum Vitae
Medical Insurance
Certificates of dividends
Certificates of fix deposit