sale and rental
|Option||The Best Option||Option||Option||Option||Option|
|Name of Program||Permanent Residence in Malta by means of Investments||Permanent Residence in Cyprus||Permanent Residence in Hungary||Residence Permit in Spain||Residence Permit in Greece||Residence Permit in Portugal|
|Amount of Investment||550,000 - 600,000 Euro (government bonds + property)||300,000 Euro (Purchase of Property)||300,000 Euro (government bonds) + 60,000 Euro fee||500,000 Euro (Purchase of one or several residential, commercial real estate, as well as land)||250,000 Euro
(Purchase of Property)
|500,000 Euro In some regions of Portugal the limit is reduced up to 350,000Euro (Purchase of one or two property objects)|
|Validity Period||Issued for 5 years with automatic extension in future||Unlimited||Unlimited||Issued for five years and gets extended for unlimited number of times without any problems||First Residence Permit is issued for 1 year, next it gets extended by two years twice and then for another 5 years||The procedure in Portugal is as follows: 1+2+2 years. After 5 years a Permanent Residence Permit may be granted|
|Family Members||Residence Permit applies for all members of the Investor’s family: children under the age of 18 years, the husband/wife and parents dependent on the applicant||Applies for all members of the family including children up to 25 years and parents from both sides||Applies for the Investor and investor’s family members – husband/wife and children of minor age (under 18 years)||Applies for Investor and investor’s family members – husband/wife and children of minor age (under 18 years)||Applies for Investor and investor’s family members – husband/wife and children of minor age (under 18 years)||All the family members of the applicant -wife, children of minor age and parents from both sides (charged extra) - can also participate in the program|
|Timeframe for obtaining documents||3 months||2 months||6 months||4 - 6 months||15 - 30 days||2 months|
|Obligation to visit the country||Yes||Yes||No||Yes||Yes||Yes|
|Obligation to stay in the country (minimum days per year)||0||1 day within 2 years||0||7 days within the first year, 14 days within each of the two following years||0||7 days within the first year, 14 days within each of the two following years|
To be granted a life-long permanent residency permit in Cyprus, the applicant needs to purchase a new property or two new properties from the same developer with a total price of 300 000 Euros, excluding the Value Added Tax (V.A.T.). At the time of submission of the application, 200 000 Euros (excluding the V.A.T.) must be transferred in settlement of the property and the contract of sale must be registered at the Land Registry Office.
The issuance of the Cyprus permanent residency permit takes about 2 months and covers all family members, including children under 25 years old. A Cyprus residency permit allows the holder to stay in Cyprus all year round although he is not obliged to do so.
The unique advantage of the Cyprus permanent residency programme compared to those of other European countries is that it is life-long, whereas in other European countries residency permits are issued for a limited period of up to 5 years.
Another big plus of the Cyprus residency programme is that in order to keep your residency you are not obliged to stay in the country for at least 3 months a year, you only need to visit Cyprus once every two years.
However, it is necessary to open one deposit account in one of the Cypriot banks, for the amount of 30,000 euros, for a period of 3 years.
Более подробную информацию о налогах и сборах при покупке недвижимости на Кипре вы можете получить на нашей странице.
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