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 may be considered to be the first step towards applying for the Cyprus Investment Program and obtaining Cyprus citizenship.
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.