Permanent residence in Cyprus - Discus Holdings West Africa

Cyprus law has some advantageous differences from other EU countries
when it comes to immigration. Only in Cyprus is it possible
to receive permanent residence by buying real estate.

Foreigners who purchase property in Cyprus can receive the status of permanent resident through an accelerated procedure that takes just 2 months.

Advantages of Cyprus permanent residency through real estate investment

Permanent residency
in an EU country

Permanent residency in Cyrus gives you the ability to live in Cyprus year-round, and after Cyprus joins the Schengen zone, you will be able to freely move around the entire Schengen space.

Permanent residency
for your whole family

Together with the main applicant, also members of his/her family will receive permanent residency: his/her spouse, children – including adult children under the age of 28 – and financially dependent parents.

There is no obligation
to stay in the country
or pay taxes

Holders of Cyprus permanent residency through real estate investment do not automatically become Cyprus tax residents and are under no obligation to stay in Cyprus.

An opportunity
to receive
EU citizenship

Gaining permanent residency in Cyprus through investment in real estate and then staying on the island allows you to receive Cyprus citizenship in the future.

An opportunity
to become a Cyprus
tax resident

By staying within Cyprus for only 60 days a year, a Cyprus resident can legally receive tax residency on the island and enjoy all the advantages of the country’s tax system.

Receiving permanent residency in this European Union
country takes only 2 months.

Conditions for receiving Cyprus permanent residency through buying property

YOUR PURCHASE OF
CYPRUS REAL ESTATE

300 000 €

MUST BE AT
LEAST

The piece of real estate must meet
the following criteria:

The property was bought on the primary market from the developer;
The investor’s own contributed funds amount to at least 200,000 euro;
The purchase must be made using funds from a source outside of Cyprus.

PROOF OF AN
ANNUAL

30 000 €

INCOME OUTSIDE
CYPRUS

The applicant must show proof of an annual income outside Cyprus of at least 30,000 euro.

In the event that permanent residency is requested also for family members, this annual income must be even larger: 5000 euro more for a spouse and each child, and 8000 euro more for each financially dependent parent included in the application.

THE APPLICANT
MUST DEPOSIT

30 000 €

IN A CYPRUS BANK FOR
A PERIOD OF 3 YEARS

Your possibilities for buying property

One piece
of residential
real estate

Two pieces of
residential real estate
(apartments or house)

Residential property
plus a commercial
space up to 100 m2

Residential property
plus office space
up to 250 m2

The value of two properties must equal at least 300,000 euro
Both pieces of real estate must belong to the same developer
The properties can be located in different parts of Cyprus

Who can get Cyprus permanent residency?

THE MAIN
APPLICANT

(who must be over
the age of 18)

THE APPLICANT’S
SPOUSE AND
UNDERAGE CHILDREN

CHILDREN AGED
18–25 YEARS

(provided that they full-time
students and financially
dependent on the
main applicant)

FINANCIALLY DEPENDENT
PARENTS OF THE
APPLICANT OR
HIS/HER SPOUSE

Note. When children reach the age of 25, they do not lose their permanent residency status

3 steps to permanent residency in Cyprus with Discus Holdings

CHOOSE
A RELIABLE
INVESTMENT PROJECT

The experts at Discus Holdings continually keep track of the Cyprus real estate market. We can confidently offer you the best investment options that have passed our independent evaluation.

GATHER ALL
THE NECESSARY
DOCUMENTS

Discus Holding lawyers will help you prepare all the documents you need and fill in the official forms, so the client’s file will be of the highest quality for submitting for residency. This step is a very important one, because the review of the client’s file, together with verifying its contents, has a direct impact on the expected result.

SUBMITTING
THE APPLICATION
FOR REVIEW

After the client’s file has been drawn up, our experts will track its submission to the Cyprus state authorities. These authorities will examine the client’s file, verify its contents, and make a decision on whether to offer permanent residency in Cyrus, after which the client will receive a Cyprus permanent resident’s card to confirm this.

Are you interested in Cyprus permanent residency?

Get in touch with Discus Holdings!

Transparent pricing
and no imposed
extra fees

Service and
support before
and after you
obtain residency

Help in getting
settled, tax and
financial consultation

Over 25 years
of experience in
the field of immigration
services and tax
planning

PERMANENT RESIDENCY IN CYPRUS
THROUGH INVESTMENT IN REAL ESTATE

Cyprus law has some advantageous differences from other EU countries
when it comes to immigration. Only in Cyprus is it possible
to receive permanent residence by buying real estate.

Advantages of Cyprus permanent residency through real estate investment

Permanent residency
in an EU country

Permanent residency
for your whole family

There is no obligation
to stay in the country
or pay taxes

An opportunity
to receive
EU citizenship

An opportunity
to become a Cyprus
tax resident

Receiving permanent residency in this European Union
country takes only 2 months.

Are you interested in Cyprus permanent residency?

Get in touch with Discus Holdings!

GET DETAILED INFORMATION

FROM A SPECIALIST OF DISCUS HOLDINGS

PERMANENT RESIDENCY IN CYPRUSTHROUGH INVESTMENT IN REAL ESTATE

Cyprus law has some advantageous differences from other EU countries when it comes to immigration. Only in Cyprus is it possible to receive permanent residence by buying real estate.

Advantages of Cyprus permanent residency through real estate investment

Permanent residency in an EU country

Permanent residency for your whole family

There is no obligation to stay in the country or pay taxes

An opportunity to receive EU citizenship

An opportunity to become a Cyprus tax resident

Receiving permanent residency in this European Union country takes only 2 months.

Are you interested in Cyprus permanent residency?

Get in touch with Discus Holdings!

GET DETAILED INFORMATION

FROM A SPECIALIST OF DISCUS HOLDINGS

PERMANENT RESIDENCY IN CYPRUS
THROUGH INVESTMENT IN REAL ESTATE

Cyprus law has some advantageous differences from other EU countries
when it comes to immigration. Only in Cyprus is it possible
to receive permanent residence by buying real estate.

Permanent residency
in an EU country

Permanent residency
for your whole family

There is no obligation
to stay in the country
or pay taxes

An opportunity
to receive
EU citizenship

An opportunity
to become a Cyprus
tax resident

Receiving permanent residency in this European Union
country takes only 2 months.