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Investing in Cyprus Residency through Prime Property Group in 2020

Did you know that investing in real estate in Cyprus allows you to obtain permanent residency in the island country?

Have you ever come back home after a very tiring day at work just to think about moving to an island countrysomeday? Lay under the sun and get tanned? Well, as luck may have it, Cyprus provides special opportunities to property purchasers such as a permanent residency.

The Cyprus Permanent Residency Program (PRP) grants the right to travel within the EU with less elaborate visa requirements and may be considered to be the first step towards applying for the Cyprus Investment Programme (subject to meeting various criteria) and obtaining Cyprus citizenship.

About the Permanent Residency

This permanent residency grant is:

  • Issued within 2 months

  • Life-long validity without need for renewal

  • Granted to all family members including children and parents from both sides of the family

  • Non-residency requirement other than to visit Cyprus once every two years, unlike other European member-states, which insist on residency for at least 3 months per year

  • Makes it possible to have a business in Cyprus and to receive shareholder dividends

Cyprus Residency

Terms and Conditions

  • The main applicant in good standing

  • A secured annual income of €30,000, originating from abroad

  • For each dependant: €5,000 increase

  • For each parent: €8,000 increase

  • A three(3) year fixed deposit of at least €30.000, originating from outside Cyprus

  • Residential property of €300.000 (plus VAT if applicable) as a ‘first-time’ sale; this means that it must be bought from a property development company

  • 1 visit required in the 1st year to provide biometrics to obtain PRP. Consequently, visit Cyprus once every two(2) years

  • Residence Card holds no renewal requirement

Why Cyprus

  • 340 days of sunshine a year

  • High standard in healthcare and education

  • Lowest crime rate in Europe

  • Lowest taxes in Europe and highly developed services sector providing legal and accounting services

  • Excellent transport and telecommunications infrastructure

  • Freedom of people, workers, services, and goods within the European Union

Why Prime Property Group?

The more important question, however, is why the Prime Property Group?

The agency has been successfully active in business since 2003 and during this time they have successfully assisted hundreds of clients from Russia, China, the CIS, and other nationalities to receive the Permanent Residence Permit which has facilitated their investment in Cyprus through real estate.

Their team of experts will assist you appropriately throughout the entire application process, from drawing up the necessary documents to any additional administration requirements towards the success of your case.

Lastly, the clients are offered an extensive range of real estate options, the purchase of which entitles them to apply for a Permanent Residence Permit.

The Application Process

The application process for the purchase of a property in Cyprus and ultimately receiving the Residence Permit is a process of fewer than 5 steps!

Step 1: Free Consultation

To start off you get a free consultation from Prime Property group (by phone / Skype or in-person) regarding the Residence permit in Cyprus and properties qualified for obtaining residency.

Step 2: Familiarisation tour (2 - 4 days)

The familiarisation step is a very tailored experience where you understand the property purchasing process with Prime Property Group more intimately. This includes a private transfer from and to the airport with their own exclusive transportation.

The agency also offers you an introduction to Cyprus by familiarizing you with its unique culture and lifestyle.

The group then moves on to present a Prime Property Group seminar for you to understand what they have to offer and why the Prime Property Group is the best option.

Lastly, a meeting with the legal department of Prime Property Group is organized, including a detailed presentation and discussion about the Permanent Residence Programme

Tour of pre-selected real estate options, accompanied by their team of experts.

Step 3: Final Decision (1 day)

The final decision day is dedicated to liaising with you on the final real estate options and assisting you to take the final decision.

Step 4: Investment (1-5 days)

If the final decision day was in favor of a property investment decision in Cyprus, then the conversation shifts towards the investment plans which leads to the obtaining of the official documentation of the Permanent Residence Permit, and finally, and the most-awaited, enjoyment of your newly found way of living in Cyprus.

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Налоги и пошлины
ID: 6399
Сбор за перевод права собственности (единоразовый)
1445.7 € (1.57 %) один владелец
1380 € (1.50 %) два владельца
Гербовый сбор (единоразовый)
138 € (0.15%)
Налог на недвижимое имущество (ежегодный)
75 € (0.08 %)
Муниципальный налог (ежегодный)
250 €/год (0.27 %)
Стоимость юридического сопровождения (единоразовая)
736 € (0.8 %) — 920 € (1 %)

Более подробную информацию о налогах и сборах при покупке недвижимости на Кипре вы можете получить на нашей странице.

+(357) 25 315 318
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