Cyprus property by Polydefkis Developers

 }  Non-Cypriot investors can acquire the Cyprus citizenship if they fulfil specific financial criteria. Citizenship is also granted to the investor's spouse  and children. The investor and his/her family obtain a Cyprus Passport with full rights of an EU citizen.

 }   Investment in real estate, developments and infrastructure projects will allow to obtain passport.
The applicant should make an investment of at least € 2.000.000 for the purchase or construction of real estate.

 }  The Cyprus citizenship program offers the most simple and efficient means to obtaining
European citizenship. All nationalities are eligible to apply and the requirements are minimal.

 

The applicant has to fulfill the Terms and Conditions specified by the Council of Ministers, which are as follows:

1.       Clear Criminal Record: The applicant must have a clear criminal record. Furthermore, his/her name must not be included in the list of persons whose property is ordered to be frozen within the boundaries of the European Union.

2.       Residence in the Republic of Cyprus: In all cases listed above the applicant must hold a permanent privately-owned residence in the Republic of Cyprus, the purchase price of which must be at least €500.000,00 plus VAT, unless the entire investment is the actual privately-owned residence of the applicant.

 

APPLICATION CRITERIA

 In addition to making a real estate investment applicants must also meet the following criteria and supply the following documents:

}   Passport

}   Birth certificate

}   Police clearance certificate from country of origin

}   Marriage certificate (if applicable)

}   Detailed biography

 

Why apply for Permanent Residence?

·         The holder of a P.R. permit is automatically allowed to move to Cyprus permanently, stay in Cyprus for an indefinite period of time and travel in and out of Cyprus any time he/she wishes with no restrictions.

·         Fast Track applications with processing times of 2-3 months for final approval.

 ·         Permit is granted for indefinite duration, with one off application, no renewal.

 ·         There is no requirement to live permanently in Cyprus to maintain the permit.

 ·         Travel easily to other European countries

 ·         Excellent Modern medical facilities

 ·         High Standard of International schooling and universities

 ·         Safe environment with very low crime.

 ·         Your family can also obtain permanent residence (spouse and children under 18 years old)

 

Criteria:

 ·         Applicants must fulfill the following criteria to be eligible for the Cyprus Permanent Residency program:

·         The applicant’s investment will be a minimum of €300,000 plus VAT in Freehold residential or commercial property.

·         Submission of an application can include approval for the applicant’s spouse and children less than 18 years of age.

·         The applicant must have a clear criminal record

·         The applicant must have a proof of a secure income.

·         A deposit in a financial institution in Cyprus of an amount of €30,000 which will remain for three years