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Permanent Residence Permit

Revised criteria for granting the Cypriot citizenship by investment

By | Permanent Residence Permit

The Cyprus Government through the Ministry of Interior, has approved the revised criteria for granting the Cypriot citizenship by investment, in an effort to further promote foreign direct investments in Cyprus.

The most important NEW changes are as follows:

  • The applicant must have made an investment of €2.0 million (excluding VAT) in any qualifying investment category or a combination as described below (previously it was €5.0 million if applied individually or €2.5 million if applied through a collective investment scheme).
  • The investment in government bonds of the Republic of Cyprus is now restricted to €500,000.
  • The applicant must be the holder of a residency permit in Cyprus to qualify for receiving the Cyprus Citizenship. For this purpose, an application for a residency permit should be submitted to the Authorities, which will be issued simultaneously with the filing of the Citizenship application.
  • The investor’s parents are entitled to apply for Cyprus citizenship by exception provided that they are owners of a permanent residence of at least €500,000 excluding VAT. For this purpose the investor and his/her parents may acquire one residential property of a total value of at least €1.0 million, excluding VAT (€500,000 being allocated to the investor and the remaining €500,000 being allocated to the parents of the investor).

A. Criteria for granting Cypriot citizenship by exception

  1. Real estate and land developing
    The applicant should have a direct investment in Cyprus of at least €2.0 million for the acquisition or development of real estate projects (residential, commercial, tourism or other infrastructure). It shall be noted that the acquisition of land is not considered to be a qualifying investment under this criterion.
  2. Purchase or creation or participation in Cypriot businesses or companies
    The applicant must have made an investment of at least €2.0 million in the purchase, creation, or participation in businesses or companies, that are based and operating in Cyprus. These businesses or companies should evidently have a tangible presence and substantial activity in Cyprus and employ at least five (5) Cypriot or EU citizens who have been legally residing in Cyprus for a continuous period of at least 5 years.
  3. Investment in alternative investment funds (AIFs), financial assets of Cypriot businesses or organisations which are licensed by the Cyprus Stock Exchange Commission
    The applicant must have purchased financial assets of at least €2.0 million (units in AIFs, bonds, debentures, other securities, etc.) registered and issued in the Republic of Cyprus, in companies or organisations with substantial economic activity in Cyprus which are regulated by the Cyprus Stock Exchange Commission.
  4. Combination of the aforementioned criteria
    The applicant may choose to have a combination of any of the above criteria amounting to at least €2.0 million.In the context of this criterion (i.e. combination of investments), the applicant may also purchase governmental bonds of the Republic of Cyprus of a maximum amount of €500,000.

B. Other conditions

It is noted that in addition to satisfying any one of the above criteria, the applicant must:

  1. Have a clean criminal record; and
  2. Acquire a permanent residence in Cyprus valued at least €500,000 excluding VAT. (This condition does not apply if the investment is in residential property, under criterion A1 above);

 

Discover the benefits of investing in Cyprus and acquiring the European citizenship. Contact our well-trained Customer Service team for more information on the immigration programmes of Cyprus and our properties.

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Live without Compromise

By | Elysia Residences, Permanent Residence Permit

The opportunity to live in an exceptional space. Expansive residences with short distance to the sea. Elysia Residences is just a stroll away from Limassol’s bicycle path right next to the deep blue Mediterranean Sea.

Discover the benefits of investing in a second home and acquiring the European citizenship or a Permanent Resident Permit (PR). Contact our well-trained Customer Service team for more information on the immigration programmes of Cyprus and our properties.

#CreatingMemories

3 Underwater Destinations in Limassol

By | Permanent Residence Permit

The beach, the seafront, the waters… This city has it all! Even for the scuba diving fans!

A total of 3 underwater destinations can be found in the city of Limassol. Scuba diving lovers can jump head first in the magical waters of Limassol, in the artificial shipwrecks of Lady Thetis and Constantis, and in the Fish Reserve in the area of Akrotiri.

What is truly remarkable is the great number of divers who come from all around the world just to dive in the striking waters of the island. Cyprus offers divers more than 50 scuba diving locations for discovery. Throw out the anchor!

Please contact our well-trained Customer Service team for more information on the immigration programme and our properties.

 

Lady Thetis Shipwreck

akrotiri fish reserve

Constantis Shipwreck

Connected Like no Other

By | Noble Centre, Permanent Residence Permit

Located on one of the busiest junctions of Limassol, Noble Centre is a landmark development by Imperio. These spectacular offices offer stunning views of Limassol, the Acrotiri Bay and beyond, as well as a host of residents’ facilities including the Olive Garden rooftop terrace.

All properties by Imperio qualify for Permanent Residence Permit and Citizenship Schemes.

Please contact our well-trained Customer Service team for more information on the immigration programme and our properties.

Belvedere Residences: Breathtaking Views

By | Belvedere Residences, Permanent Residence Permit

A new prime Limassol development by Imperio promises adorable panoramic breathtaking views. Belvedere Residences is expected to offer the most desirable apartments in Limassol combining contemporary architectural design, functionality and amazing views of the city.

All properties at Belvedere Residences qualify for Permanent Residence Permit and Citizenship Schemes.

Please contact our well-trained Customer Service team for more information on the immigration programme and our properties.

#CreatingMemories

Elite Residences: Modern Living Space

By | Elite Residences, Permanent Residence Permit

Elite Residences is designed and built to exceed the expectations of even the most sophisticated and demanding home-buyers.

These remarkable 2-bed properties offer the highest standard of living with exceptional amenities within Limassol.

Available for immediate occupation. Elite Residences qualifies for Permanent Residence Permit and Citizenship Schemes.

Please contact our well-trained Customer Service team for more information on the immigration programme and our properties.

Limassol Bay Residences: Exceptionally Designed

By | Limassol Bay Residences, Permanent Residence Permit

Located just 200m from the coastline, Limassol Bay Residences is one of Limassol’s most prestigious new residential developments, offering outstanding apartments and penthouses of exceptional quality.

Limassol Bay Residences qualifies for Permanent Residence Permit and Citizenship Schemes.

Please contact our well-trained Customer Service team for more information on the immigration programme and our properties.

Belvedere Residences: Serene Roof Garden Moments

By | Belvedere Residences, Permanent Residence Permit

A new prime Limassol development by Imperio promises adorable panoramic breathtaking views. Belvedere Residences is expected to offer the most desirable apartments in Limassol combining contemporary architectural design, functionality and amazing views of the city.

All properties at Belvedere Residences qualify for Permanent Residence Permit and Citizenship Schemes.

Please contact our well-trained Customer Service team for more information on the immigration programme and our properties.

#CreatingMemories