A. Cyprus permanent residency scheme (invest €2,500,000)

Cyprus allows non-EU family to invest €2.5 million in property market as a condition to apply for a passport. Cyprus passport holders enjoy free visas to 157 countries, including most European regions.

Proposal 1：

Invest € 2.5 million in multiple residential properties and owned for not less than 3 years. Applicant are required to retain any unit value not less than €500,000 in order to keep the Cyprus passport. Other properties are allowed to be sold.

Proposal 2：

Invest € 2.5 million in one residential property and owned for not less than 3 years. If the applicant wishes to sell the property, another residential unit value for not less than €500,000 must be purchased in order to keep the Cyprus passport.

Proposal 3：

Invest € 2.5 million in multiple commercial residence buildings, or commercial real estate plus a residence unit which values not less than €500,000 and owned for at least 3 years. Residence unit of value for at least €500,000 must be kept.

Qualifications

• Principal applicant must be 18 years old or above
• No criminal records
• No Schengen denied record
• Purchase family medical insurance

Family sponsorship

• your spouse
• unmarried child under the age of 18
• dependent child of the age 18 – 27 who is unmarried (require “School Attendance Certificate”).

Processing Time

• Cyprus passport is available as quick as 2 months

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B. Cyprus permanent residency scheme (invest €300,000)

From August 2012, Cyprus has allowed non-EU families to invest €300,000 in property in order to apply for a permanent residency permit. Applicants can further apply for a Cyprus passport after fulfilling 5 – 7 years of residency.

Proposal:

Invest €300,000 in property estate under the name of applicant.
Require both applicant and spouse to own property of €300,000 and provide proof ( sum of saving, estate, stocks).
After receiving permanent residency permit, applicant is required to present income proof annually (applicant income reach €12,000 or each family member income reach €5,000).

Qualifications

• Applicant is at least 18 years old
• No criminal records
• Owned €30,000 deposit in Cyprus
• Purchase family medical insurance
• Ensure oversea income is at least €30,000 per year. If there is a sub-applicant, additional €5,000 is needed

Family sponsorship

• your spouse
• Unmarried child under the age of 18
• Dependent child aged 18 – 25 who is a full-time student
• Parents of applicant can apply for long term residence visa

Residence Requirement

• Visit Cyprus once every two years.

Processing Time

• Permanent residency permit is available as quick in 4 – 6 months, Can apply for Cyprus passport after fulfill residence of 6 years.

Documents Required

• 2 color photos
• Passport ( Full-page copy)
• Marital Certificate
• Birth Certificate
• No criminal Record (Applicable to applicant above 16 years of age)

Advantages

• No requirements on education and entrepreneurship
• Allow dual nationality, applicant can retain origin identity
• Allow renting out of invested property, which is a freehold estate
• 157 countries visa free
• Freely travel to EU nations for business and trip
• Free medication
• British education system conjuncts to Britain universities and other EU constitutions
• Would be able to join Schengen Area in short period of time
• Low tax rate, oversea duty-free, no inheritance tax