The Permanent Residency (PR) program grants the right to travel within the EU with less elaborate visa requirements by allowing the applicant to apply for a Schengen Visa through any Schengen European Embassy.
The Permanent Residency program applies to non-EU nationals acquiring property for personal occupancy in Cyprus of a value not lower than €300,000 + VAT. The program is valid for life and applies to your entire family (parents, children, grandparents).
The Permanent Residency program offers your family the freedom to live, travel, and work freely in the EU. It provides access to excellent education and healthcare, or simply offers an insurance policy for an uncertain future.
Key factors that make Cyprus an attractive destination, is the highly specialized human capital, the reliable legislative and regulatory framework, the stable tax system, and the safety and stability conditions prevailing in the country. The island has developed through the years into a reputable international services hub due to its strategic geographical location and its role as a business bridge between Europe, Asia, and Africa.