Rasheed Alkhanji QICMS
Published 06:29 AM 17 May 2018
Updated 12:56 PM 23 November 2021
||€300,000 for real estate purchase.||€290,000 for a property lease and €550,000 for real estate purchase. In this scheme, investments in government bonds value of €250,000 and €30,000 contribution to the State Fund are required (they are included above) and the applicant may choose either to buy a property for €270,000 or to lease a property for at least €10,000 per year.
Extra requirement: Annual income of at least €100,000 per year for the applicant or a capital of at least €500,000.
|€250,000 for real estate purchase.||€500,000 (€350,000 outside Lisbon ) for real estate purchase.||€500,000 for real estate purchase.|
|Processing Time||2-3 months||3-4 months||2 months||2 months||2-3 months
||none||7 days / first year; 14 days / year for the second and third year.||none|
|Family and children||Yes||Yes
Permanent Residence renewal
|No. However the PR holders must visit Cyprus every 2 years in order for their permit not to be revoked.||Yes. Permanent residency must be renewed every five years.||Yes. The visa is granted for five years and renewed every five years if the property investment is retained.||Yes. Residency permit initially granted for 1 year and can be renewed in 2 year increments. Permanent Residence granted after 5 years.||Yes. Residency permit initially granted for 2 years and can be renewed in 2 year increments. Permanent Residence granted after 5 years.|