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Why choose Cyprus?
A modern country that effortlessly marries European culture with keeping the glory of ancient heritage. Cyprus has something to offer every month of the year to its comers to enjoy golden beautiful beaches with crystal clear waters, pine-scented forests, superb climate, safe and stable settings ideal for luxurious life style. It is recently being known as a very appealing destination for non EU foreign nationals who are seeking to obtain permanent residency and citizenship statuses in one of EU countries by satisfying investment’s specific criteria.
In 2013, an announcement by the Ministry of Interior of the Republic of Cyprus was issued, stating that Immigration Permits (Citizenship and Permanent Residence) will be issued to third country nationals if they fulfil certain criteria and terms.
Timeline & Procedure
The Cypriot permanent residency can be obtained in 3-4 months. Investors can opt for the fast track option.
|Month 1-2||Step 1||File Preparation
Collection of documents, office fees, government fees and initial deposit in Cyprus is due at this stage. Bluemina team will assist applicant in selecting a property
|Month 2-3||Step 2||Investment is made: full payment of the purchased property|
|Month 3-4||Step 3||File submission to Civil Registry and Migration Department|
|Step 4||Issuance of “Approved in Principal Letter’’ by the Civil Registry and Migration Department|
|Step 5||Issuance of immigration permit|
Visa Free Travel
Investment in Real Estate:
Regular Track Permanent Residency: The applicant is required to have purchased re sale property residence for himself and his family in Cyprus of below €300,000 (excluding VAT).
Fast Track Permanent Residency: Under this track, the applicant is required to have purchased a new, not re sale, property residence from a developing company for himself and his family in Cyprus of no less than €300,000 excluding (VAT).
Property can be purchased everywhere in Cyprus. In most recent years, Bluemina has helped applicants purchase property in Larnaca, Paphos, Limassol, and Protaras.
Projects in Larnaca:
Situated on Cyprus southernmost coast, Larnaca is the country’s third largest city and home to the second largest commercial port. Larnaca international Airport is located on the outskirts of the city, with easy access to and from the city Centre.
Projects in Paphos:
Paphos is a charming harbor town in the southwest of Cyprus. Besides its golden sandy beaches, it is one of the most culturally rich areas of the island.
Projects in Limassol:
Limassol is the second largest urban area that is located on the southern coast of Cyprus it is a great base for travelers who want to temper the sandy beach-bum fun with swags of culture.
Projects in Protaras:
Family-friendly and tranquil, Protaras is situated along the sandy coastline of Cyprus’s Fig Tree Bay
Cyprus offers two routes under which Cypriot permanent residency can be obtained:
1-Regular Track Permanent Residence Permit
According to the decision of the Minister of Interior of the Republic of Cyprus dated May 07th, 2009, regulation 5(F) OF THE ALIENS AND IMMIGRATION REGULATIONS provides a unique opportunity of granting permanent residence permit within 8-12 months to prospective non EU individuals purchasing a new resold property below 300,000 Euro excluding VAT and should also provide the proof of annual income no less than 24,000 Euro for a single applicant and 5000 Euro for every dependent person. The income may include source of income including wages, salaries, and dividends or rental income.
2- Fast Track Permanent Residence Permit
In pursuance of the provisions of Regulation 6 (2) of the Aliens and Immigration Regulations, the minister of interior on August 29th, 2012 decided to issue Immigration Permit within 3-4 months to third country nationals who acquire by virtue of sale, a self-owned and not re sale properties in Cyprus for self-residential purposes for a minimum value of EUR 300,000 excluding (VAT). Additionally, the applicant must prove that he has a secured minimum annual income of €30.000 and that this income is derived from abroad and not from working in Cyprus. Moreover, the required minimum annual income is increased by €5.000 for each dependent person.
Obtaining a Cypriot Permanent Residency facilities the obtaining of Schengen Visa allowing investors to travel within Schengen zone.
“Bluemina has a great professional team, my application was completed and submitted within days.”
“Bluemina took care of the whole process, I just handed my documents and left the rest to them.”
“Bluemina is all about service. Very smooth and easy application.”
“Received my passport in 2 and a half months from Bluemina.”
“Bluemina really helped me decide what citizenship program was right for me and my family.”
“Have had my passport for 5 years, still recommend Bluemina to my friends and collegues.”