1. The Immigration Permit is issued in favour of the main applicant. This includes the applicant’s dependents namely the spouse and their minor children up to the age of 18 years.

2. Unmarried children aged between 18 and 25, who prove that they are students in an institution of tertiary education abroad at the time of submitting the application, and are financially dependent on the main applicant, may submit a separate application to obtain an Immigration Permit with the payment of the relevant fee. In such a case, the father or mother and/or both parents together must present an additional annual income of €10,000 for every such dependent child.

3. If children wish to study in an institution of tertiary education in the Republic, they have to submit through the institution an application for acquisition of a temporary residence permit in the Republic as students, according to the provisions of the relevant legislation (EU Directive). After the completion of their studies in the Republic, these children regardless of their age, will be able to submit their own application to obtain an Immigration Permit, as it is described above, with the condition that their parents present only an additional annual income of €10,000 for every such child.

4. The said permit will continue to be valid, even if the children have exceeded the age of 25 years old and even if they do not remain unmarried and/or students and/or financially dependent on their parents. It is noted that their future spouses or underage children cannot be included as dependent persons on this permit. the provisions of Regulation 6 of the Aliens and Immigration Regulations.

1. An Immigration Permit may also be granted to an adult child of the main applicant who is not financially dependent on the main applicant, provided that a higher value investment is made. The market value of the €300,000 investment should be multiplied by the number of adult children, who will rely on the same investment for the purpose of obtaining an Immigration Permit.

2. In the event that the investment relates to Real Estate, as described in criteria A or B, a receipt of payment of at least two thirds of the price of the properties should be submitted together with the application.

3. It is understood that, in such a case, each adult child will be able to prove that they have at their disposal a secure annual income of at least €50,000, which will increase by €15,000 for the spouse and €10,000 for each dependent child. In addition, it is noted that the investment can be made jointly in the name of the applicant and the adult child or exclusively in the name of the applicant.

The application will be processed by the Civil Registry and Migration Department and shall be forwarded for examination and decision to the Minister of Interior, provided that all the criteria and requirements are met. Upon submission of the application, a fee of €500 is paid.

It is estimated that the examination period will be approximately between two to four months from the date of submission of the completed application.

1. Copies of Passports

2. CV in English for the applicant and his spouse. The CVs must be signed by them.

3. Clean Criminal Records translated in English and duly certified (certified by the Cyprus Embassy and the Ministry of Foreign Affairs) – for the main applicant, spouse, adult children, parents

4. Marriage Certificate translated in English and duly certified (certified by the Cyprus Embassy and the Ministry of Foreign Affairs) – for the applicant/spouse and parents

5. Birth Certificates of the children translated in English and duly certified (certified by the Cyprus Embassy and the Ministry of Foreign Affairs).ln case the children are adult please inform me accordingly as additional documentation must be submitted with the application.

6. Income Certificate from abroad of €50,000 at least, plus an additional amount of €15,000 for the spouse and €10,000 for each dependent child.

7. Affidavit Statement for not Employment by the applicant and his/her spouse that he/she does not intent to work or be engaged in any form of business in Cyprus (with the exception of their employment as Directors in a Company registered in Cyprus by virtue of which they have chosen to invest under the current regulations). The Statement for not employment in Cyprus must be signed by both the main applicant, the spouse, adult children and parents (one document each).

8. MIP1 form for PR application must be signed by the main applicant and the adult children.

9. University certificate for any adult children (stating the duration and the degree).

10. Birth Certificate: A birth certificate of the main applicant and spouse is needed.

11. All family members must provide Health Insurance Certificate for medical treatment covering inpatient and outpatient care in case they are not registered with the National Health System of Cyprus(GHS).

In Relation To The Property Acquisition Procedure The Following is Needed:

1. Copy of the stamped Contract of Sale

2. Copy of the Land Registry receipt proving that the Contract of Sale has been lodged at the Land Registry

3. Receipts of payment of at least €300,000 plus VAT(where applicable)

4. Bank letter showing that the amount of €300,000 plus VAT is emanated from abroad

Permanent Residency fee: €500 per application

Issuance of Alien Registration certificate: €70 per person