In 2014, the Council of Ministers of the Republic of Cyprus introduced amendments to the legislation on the issuance of passports to third-country nationals (not members of the European Union). They allow applicants to obtain citizenship through the purchase of real estate in Cyprus in a simplified manner.

MARR Group cooperates with trusted and reliable partners from the ‘Big Four’ consulting companies who are ready to professionally oversee the documentation and processing of your investment application at every stage. All you require is a valid passport(s) and we will assist you in undertaking the registration process.

Cyprus Investment Programme requirements:

Minimum investment:

From €2,000,000

The value of property that must remain in constant possession of a successful applicant must exceed

€500,000

Additional fees:

Cyprus Research and Innovation Foundation
€75,000

Cyprus Land Corporation
€75,000

Exit Strategy
5 years

Any residential property purchased for the 3 years preceding the application is subject to accounting

3 years

Citizenship can cover:

  • Principal applicant
  • Spouse
  • Children under 18 years old
  • Students under 28 years old (subject to full-time study programme)
  • Parents of the main applicant

Dual citizenship is allowed

Inheritance of citizenship is allowed

Any citizen of Russia can obtain Cyprus citizenship when buying property subject to certain requirements:

  • Certificates confirming no criminal record in Russia and the Republic of Cyprus
  • Document confirming no seized assets in the territory of the European Union
  • Portfolio of personal documents: passports of a citizen of the Russian Federation, birth and marriage certificates, photographs in the approved format, valid Schengen visa, documents confirming ownership of real estate in Cyprus valued at least €500,000 (sales contract or receipt of the agreed amount)
  • Completed citizenship application documents

No restrictions on, or requirements for:

  • nationality
  • actual place of residence
  • language examinations
  • interviews
  • medical checks

Application review period:

6 months

State duties:

€2,000 registration fee for each adult applicant

€80 registration fee for children under 18 years old

€5,000 application approval fee for each adult applicant

Аpproximately €4,000 additional taxes and duties

5% VAT on the purchase of the first property up to 200sqm

Benefits:

Download Investment Brochure

Request Permanent Residence Permit Details

Your e-mail address and other personal information are used only for the purpose of responding to your queries. Prato Verde Ltd will take reasonable steps to ensure confidentiality of your information and the contents of your message. I consent to the collection and use of my personal information

When a non EU Member buys a residential property for himself and his family of €300.000 and more, his application for Permanent Residence, visa Category F will be examined favourably. There are some various methods to accomplish this but you have to meet some certain preconditions.

Permanent Residence requirements:

Minimum investment

of €300,000

Deposited in a Cyprus bank for 3 years

€30,000

Minimum annual income

+ €5,000 per dependent,

+ €8,000 per parent

or spouse’s parent €30,000

A residence permit can be obtained for:

  • Principal applicant
  • Spouse
  • Children under 18 years old
  • Students under 28 years old (subject to full time study programme)
  • Parents of the main applicant

Any Russian can obtain a Cyprus residency permit when buying real estate by providing:

  • Certificates confirming no criminal record in Russia and the Republic of Cyprus
  • Proof of legal source of income (KYC, AML)
  • Portfolio of personal documents: passports of a citizen of the Russian Federation, birth and marriage certificates, photographs in the required format
  • Documents confirming ownership of real estate in Cyprus valued at least €300,000 (sales contract or receipt of the agreed amount)
  • Valid Schengen visa
  • Completed applications for a residency permit

Additions:

  • Validity: Lifetime
  • Obligations: Required to visit Cyprus once every two years.
  • Refusal rate for a residency permit: 0%

No restrictions on, or requirements for:

  • nationality
  • actual place of residence
  • language examinations
  • interviews
  • medical checks

Time taken to obtain a residency permit:
about 2 months

Benefits:

  • The right to permanently live and do business in Cyprus
  • The right of access to education and health systems in Cyprus
  • The right to subsequently apply for Cyprus citizenship
  • Simple and transparent procedure for obtaining a residency permit
  • Possibility of remote registration of residency permit
Download Investment Brochure

Your e-mail address and other personal information are used only for the purpose of responding to your queries. Prato Verde Ltd will take reasonable steps to ensure confidentiality of your information and the contents of your message. I consent to the collection and use of my personal information