Fidescorp’s dedicated team, in cooperation with our global partners, provides a full range of immigration services covering the Cyprus programs, as well as the ones of other jurisdictions including Greece, Portugal, Spain, Antigua and Barbuda, St. Kitts & Nevis, Hungary, Austria, Malta, Switzerland, Hong Kong, Canada, UK and the US.
Our team will navigate you through the complex procedures and requirements and will make sure that the whole process will be seamless and hassle free.
Key Immigration Services:
Cyprus Permanent Residency
Cyprus provides a very simplified scheme for 3rd country nationals that wish to obtain a Permanent Residence Permit in Cyprus. The Aliens and Immigration Regulations of 1972 outline the Categories under which the third country national may apply for an Immigration Permit. There are two ways to obtain a Cyprus permanent residence:
The Cyprus Permanent Residence permit is granted to the applicant and his/her spouse and to their minor children up until the age of 25 years old. The permit is permanent and does not expire. The holders of this permit are not allowed to work in Cyprus, but they can own a business in Cyprus from which they will be receiving dividends.
The permit is revoked when the holder is granted permanent residence in another country and/or when he/she did not visit Cyprus for a period longer than 2 years continuously.
Regulatation 6(2) Procedure
Under this procedure, the applicant must:
Under the decision of the Minister of Interior of the Republic of Cyprus, dated on 07/05/2009, when a non EU Member buys a residence in Cyprus for himself and his family worth €300.000 or more, his application for Permanent Residence, Category F will be examined favourably.
This type of permit is granted to those 3rd country nationals, who possess and have fully and freely at their disposal a secured annual income of a minimum of €9,568.17 for a single applicant and €4,613.22 for every dependent person. The Civil Registry and Migration Department reserves the right to demand additional amounts.
Moreover, the Immigration Authorities will examine the stability and reliability of annual income during a long period of time.
Key Benefits of Cyprus Permanent Residence
Cypriot Investment Program
Under the program, all third country (i.e. non-EU) nationals are eligible to obtain the Cypriot citizenship, provided that:
To qualify for citizenship, applicants must fulfill one of the investment options below and hold it for three years in addition to meeting the following criteria:
Applicants may invest at least €2 million in the purchase or construction of buildings, land development projects (residential or commercial) or infrastructure projects.
Applicants may invest at least €2 million in the purchase, creation or participation in businesses or companies based and operating in the Republic of Cyprus. These businesses or companies must have a tangible presence in Cyprus and employ at least five Cypriot citizens or European citizens.
Applicants may invest at least €2 million in the financial assets of Cypriot companies or Cypriot organizations. This includes bonds, securities and debentures registered and issued in the Republic of Cyprus. Investors must maintain the purchased assets for a period of three years.
Applicants may invest in a combination of the above options. The combination of investments must total at least €2 million.
they meet the criteria of the citizenship program. A Cypriot passport is an EU passport and its holder may benefit from the internal market, the opportunities and the stability of the European Union.
The applicant, if successful, will be able to transfer capital from any EU Member State to another, purchase property or invest in any activities of his/her choice. Furthermore, by holding a Cypriot passport, the applicant and his family may enter, reside, study and work in the European Economic Area (European Union, Iceland, Liechtenstein, Norway) & Switzerland without a visa. They also enjoy free access to the EU healthcare systems as well as European schools and universities.
The program’s benefits are particularly appealing for foreign investors as they entitle them to the following: