Cyprus
Residency by Investment
Steps
Minimum Investment
€2,150,000
Mixed Investment
Minimum Investment
N/A
Real Estate
Time To Citizenship
6
Months
Visa-Free Access*
170+
Countries & Territories
Steps of Cyprus Permanent Residency
✔️Step 1
iWA Citizenships will pre-screen your passport copy for government pre-approval. A down payment of the professional fees is required to open your application. The response is in 24-48 hours.
✔️ Step 2
We will provide assistance and advice with regards to the collection of the documents required in the checklist for the Cyprus Visa application.
A Meeting is then set up with dedicated Attorneys in Cyprus so that a “Power of Attorney “mandate is signed in the presence of a certifying officer.
✔️ Step 3
iWA Citizenships will assist in the opening of a Cypriot bank account.
✔️ Step 4
We will guide you to the Cypriot property that fully satisfies your requirements (€300,000) and start preparing the property purchase documentation required to be presented for the Permanent Residency application. An initial payment of at least €200,000 must be made
✔️ Step 5
Once the sale agreement for the purchase of your property is signed and all other relevant documents gathered, the Permanent Residency application will be filed with the Migration Department.
Approval can be expected within two months, and Permanent Residency is granted provided all requirements have been met.
✔️ Step 6
Once the Permanent Residency Permit has been granted, the applicant must visit Cyprus within one year to obtain the actual permit and passport stamps.
The remaining 50% Savory & Partners fees are paid.