Procedure for someone to inhabit in Paphos

Paphos offers safety, quality of life and culture of thousands of years. Discover it…

Below we cite the legal procedure to be followed as well as available permits you can obtain to inhabit in Paphos – Cyprus. In the section “Invest in Paphos” you can download the Chamber’s list of members “Land Development Companies” that will help you find the home of your dreams in Paphos.

CYPRUS INVESTMENT PROGRAMME FOR CITIZENSHIP

Benefits of The Cyprus Investment Programme for Citizenship:

·         GRANTED IN 8 MONTHS

·         PROPERTY INVESTMENT €2 MILLION + VAT (+€150,000 donations)

·         COVERS THE WHOLE FAMILY

·         INCLUDE’S INVESTOR’S PARENTS WITH AN ADDITIONAL PROPERTY INVESTMENT OF             €500,000 + VAT

·         DUAL CITIZENSHIP ALLOWED

·         VALID FOR LIFE

·         VISA FREE TRAVEL TO OVER 174 COUNTRIES

·         LIVE, WORK, STUDY, TRAVEL FREELY WITHIN THE EU

 

Your 9 Step Process to Cyprus Citizenship

1.Select Real Estate Investment

Investor selects property/ies either by visiting Cyprus or through correspondence with an Aristo Developers representative

  • Purchase Agreement signed
  • Full payment of real estate investment
  • Receipt issued by Aristo Developers (required for application)

2.Preparation of Documents

  • All necessary documents prepared by applicant to be translated to Greek or English and certified
  • Documents to be stamped by the Ministry of Foreign Affairs and relevant Cyprus Embassy

3.Pre-Clearance Check

  • Appointed lawyer completes a pre-clearance check

4.Application for Cyprus Permanent Residency and Cyprus Citizenship

  • The investor files an application for Permanent Residency Permit together with his/her application .for Cyprus Citizenship

5.Payment of Fees and Submission to Government

  • Payment of submission fees per adult applicant
  • Application lodged at the Ministry of Interior

6.Issue of Cyprus Citizenship

  • Issuance of Cyprus Citizenship to be signed by applicant in front of a Registrar of a Cypriot Court or a Consular at any Cypriot Consulate abroad upon citizenship approval (8-12 months after submission)
  • Issuance of passports of the main applicant, his/her spouse and minor children

7.Donation Payment

  • A government donation of €150,000 is required (€75,000 for the Foundation of Research and Innovation and €75,000 for the Cyprus Organization of Land Development)

8.Submission of Application of Adult Children and/or Investor’s Parents

  • Submission of the applications of adult children and/or Investor’s parents to be naturalized

9.Issue of Cyprus Citizenship of Adult Children and/or Investor’s Parents

  • Issuance of Cyprus Citizenship certificates of adult children and/or Investor’s parents
  • Adult children and/or Investor’s parents must visit Cyprus within 8-12 to collect their passports and identity card

 

CYPRUS PERMANENT RESIDENCY PROGRAMME

Benefits of the Cyprus Permanent Residency:

· GRANTED WITHIN 3-4 MONTHS

·  PROPERTY INVESTMENT €300,000 + VAT COVERS THE WHOLE FAMILY

·  INCLUDE’S INVESTOR’S PARENTS WITHOUT AN ADDITIONAL INVESTMENT

· VALID FOR LIFE

· EASY ACCESS WITHIN THE EU

· VISIT CYPRUS EVERY 2 YEARS

· ALL NATIONALITIES ARE ELIGIBLE

 

Your 6 step process to Cyprus Permanent Residency

1.Select Real Estate Investment

  • Investor selects property/ies either by visiting Cyprus or through correspondence to an Aristo Developers representative.
  • The minimum investment should be €300,000 + VAT.

2.Payment

  • Purchase Agreement signed
  • Minimum requirement of €200,000 as initial payment

3.Documentation Submission

  • Required residency documents need to be prepared and submitted to the Civil Registry and the Migration Department, or to the District Offices.

4.Issue of Permanent Residency

  • Residency Permit is issued within 3-4 months.

5.Residency Permit and ID Cards

  • Upon approval, the applicant is required to visit Cyprus within one year to obtain the actual permit and digital ID cards

6.Visit Cyprus Every 2 Years

  • The applicant and his/her dependents must visit Cyprus at least once every two (2) years