Permanent Cyprus Residency

A simple proposition: invest in Cyprus’ real estate landscape, and Cyprus will invest in you. Consider Cyprus residency.

Cyprus is making a bold step toward greater European integration. In a recent announcement, President Nikos Christodoulides declared that the island nation plans to join the Schengen Zone by the end of 2025. This move is expected to bring a multitude of benefits, both for Cypriots and foreign nationals. 16th Jan 2025

Cyprus Residency by Investment

Cyprus Permanent Residency Program offers the opportunity for those acquiring property to establish a Mediterranean home and becoming resident in Cyprus.

Why invest in Cyprus? You and your family will freely live in Cyprus, gain access to the advanced health care and educational system, and even engage in business: permit holders have the right to own and start a business in Cyprus or establish a Cyprus company as an intermediary for export trading throughout the world, thus benefiting from Cyprus’ excellent business and tax advantages.

Cyprus Permanent Residency Benefits

Home to two international airports and situated at the crossroads of three continents, Cyprus is also a superb base for travelling throughout Europe and the wider world. A permit holder can even obtain a Schengen visa within just one week.

The island offers excellent education opportunities – thus streamlining children’s access to the best universities worldwide – superb healthcare, and a bounty of leisure facilities. And most attractive of all, permits obtained are valid forever, even after children are no longer dependent, with permanent residency also extending the right to apply for EU citizenship after seven years.

2 months time to permanent residency

7 years time to citizenship

1 day every 2 years residency requirement

All nationalities eligibility

No global taxes consequences

Family Investor, spouse, dependents up to age 25 & parents

PROCESS Simple, no language, medical exam or interview

Approval rate 100%

The Cyprus Permanent Residence Program

The Cyprus Residency Program is a simple mode of investment that serves to redefine freedom of movement, permitting unlimited access to an EU member state boasting a robust business sphere, and supreme quality of life.

All that is required to secure guaranteed permanent residency in Cyprus is a single real estate investment of €300,000.

Permanent residency and its associated bountiful benefits are extended to the purchaser, his or her spouse, dependent children up to the age of 25, adult children over the age of 25 provided they have studied in Cyprus, and even the applicant and spouse’s parents. Unique to Cyprus, permits successfully issued are valid indefinitely.

The Cyprus program is unique in that once the permits are obtained they are valid forever, even after the children are no longer dependent.

“Permanent residency offers your family the freedom to live freely in the EU and to travel with ease, it provides access to excellent education and healthcare, or simply offers an insurance policy for an uncertain future!”

For a full guide on the criteria for Cyprus Permanent Residency and to be kept up to date with any changes

The Cyprus Investment Residency Program is about Empowerment

My Elysium is in possession of a vast and varied portfolio of property, supported by a rich knowledge base pertaining to the wider real estate market in Cyprus, and the permanent residency program.

Sheer confidence in the program’s success rate drives us forward in collaborating with our clients to this end.

Furthermore, within My Elysium’s embrace is a strong collection of partners and services pertaining to property, thus helping to secure an applicant’s investment.

We aspire to empower our clients to take charge of their futures, redefining the possibilities and opportunities in the wider landscape of their lives.

Why Buy Property in Cyrpus and Get Residency?

Low Investment. High Impact

Invest in real estate amounting to just €300,000. Whether a single property or more, you can secure permanent residency in Cyprus for you and your family.

From Residency to Citizenship

When you invest in Cyprus, residency is granted in a mere two months. Once acquired, permanent residents can be eligible for Cyprus citizenship in 7 years.

Cyprus Residency Requirement

As a Permanent Residence are only required to spend one day in Cyprus every two years.

Freedom & Flexibility

All nationalities are welcome to apply and there are no global tax consequences for those who invest in Cyprus.

Cyprus Residency with My Elysium

The application procedure is a simple process devoid of language requirements, medical examinations or interview. We and our Partners are there to ensure a smooth path to Permanent Residency.

5 Step Process

STEP 1

Purchase a property

With a €300,000 (net of vat) value in Cyprus.
STEP 2

Submit application on form MIP1

To the Civil Registry and Migration Department or to the District offices personally, through post or through a representative. The presence of the applicants isn’t necessary, as the paperwork can be undertaken by a lawyer.
STEP 3

The Ministry of Interior shall inform the applicant / representative

Through the Civil Registry and Migration Department of their decision within 2 months.
STEP 4

The application will be examined by the Civil Registry and Migration Department

And shall be submitted to the Minister of the Interior, through the Permanent Secretary of the Ministry, for a decision. Personal interviews are not usually necessary for this category of permit.
STEP 5

Once the approval has been granted

The applicant must visit Cyprus within one year to obtain the actual permit card.