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PERMANENT RESIDENCE PERMIT CYPRUS

Permanent Residence Permit Law - CYPRUS · TEL AVIV BEIRUT. Strategic location on the crossroads of 3 continents (Europe, Asia and Africa) ... One or two apartments or one or two

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Page 1: Permanent Residence Permit Law - CYPRUS · TEL AVIV BEIRUT. Strategic location on the crossroads of 3 continents (Europe, Asia and Africa) ... One or two apartments or one or two

PERMANENT RES IDENCE PERMIT

C Y P R U S

Page 2: Permanent Residence Permit Law - CYPRUS · TEL AVIV BEIRUT. Strategic location on the crossroads of 3 continents (Europe, Asia and Africa) ... One or two apartments or one or two
Page 3: Permanent Residence Permit Law - CYPRUS · TEL AVIV BEIRUT. Strategic location on the crossroads of 3 continents (Europe, Asia and Africa) ... One or two apartments or one or two

Y O U R G A T E W A Y T O E U R O P E

Page 4: Permanent Residence Permit Law - CYPRUS · TEL AVIV BEIRUT. Strategic location on the crossroads of 3 continents (Europe, Asia and Africa) ... One or two apartments or one or two

C y p r u s t h e b i r t h p l a c e o f A p h r o d i t e g o d d e s s o f l o v e a n d b e a u t y

Page 5: Permanent Residence Permit Law - CYPRUS · TEL AVIV BEIRUT. Strategic location on the crossroads of 3 continents (Europe, Asia and Africa) ... One or two apartments or one or two

MONACO

CRETE

TEL AVIV

BEIRUT

Page 6: Permanent Residence Permit Law - CYPRUS · TEL AVIV BEIRUT. Strategic location on the crossroads of 3 continents (Europe, Asia and Africa) ... One or two apartments or one or two
Page 7: Permanent Residence Permit Law - CYPRUS · TEL AVIV BEIRUT. Strategic location on the crossroads of 3 continents (Europe, Asia and Africa) ... One or two apartments or one or two

Strategic location on the crossroads of 3 continents (Europe, Asia and Africa)

Member of the EU and the Eurozone

High level of services, including financial, medical, education, telecommunications etc

Low taxes

Ability to obtain permanent residency / citizenship for non EU citizens through purchase of real estate

The recent natural gas discovery will be a game changer for the domestic economy and real estate values

Mild climate and sunshine (320 days a year)

Beautiful scenery and pristine beaches

Caters to 3.2 mm tourists per year

English language widely spoken

Safe, secure and cosmopolitan environment

High standard but low cost of living

New Marinas, Golf courses and Casinos

CYPRUS

Page 8: Permanent Residence Permit Law - CYPRUS · TEL AVIV BEIRUT. Strategic location on the crossroads of 3 continents (Europe, Asia and Africa) ... One or two apartments or one or two

CYPRUS

Pafos PAFOS

INTERNATIONAL AIRPORT

Famagusta

LARNACAINTERNATIONAL AIRPORT

Nicosia

Kyrenia

Larnaca

Limassol

Page 9: Permanent Residence Permit Law - CYPRUS · TEL AVIV BEIRUT. Strategic location on the crossroads of 3 continents (Europe, Asia and Africa) ... One or two apartments or one or two

0 % On dividend income for non-Cypriots

0 % instead of up to 8% property transfer fees (if VAT was paid)

0 % On Widow's pension

5 % flat rate on foreign pensions, exemption of 3.417 is granted

First €19.500 are exempt from personal income tax

A reduced VAT (5% from 19%) for main residence purchased

Awarded with 57 Blue Flags for its beaches, most per

Capita in the world (2016)

st1 Safest country in the world for young people

(published by the World Health Organization) 2017

st1 Safest country in the world among small countries and 5th worldwide (2015)

1-3 days to register a new company

th4 (out of 144 countries) on higher education and training (2015)

th5 best relocation destination in the world (2014)

0 % Immovable Property Tax

0 % Inheritance, Wealth and Gift Tax

Capitalizing on its strategic location, Cyprus has developed through the years

into a reputable international services hub, especially in financial and shipping activities.

Since Cyprus' accession to the European Union, its role as a business bridge

between Europe , Asia and Africa is further being enhanced.

Cyprus offers a unique basket of advantages to foreign investors utilizing the island as a base for conducting

their business activities worldwide.

Cyprus' competitive advantages derive from its strategic geographical location, favourable business climate,

fiscal regime, stable macroeconomic environment, high educational level of the labour force in conjunction with

the competitive level of graduates' remuneration, modern legal, banking and financing systems, excellent

infrastructure with advanced transport and telecommunications network, as well as the widespread knowledge

of English.

CYPRUS TAX FACTS AND FIGURES

Page 10: Permanent Residence Permit Law - CYPRUS · TEL AVIV BEIRUT. Strategic location on the crossroads of 3 continents (Europe, Asia and Africa) ... One or two apartments or one or two

EUROPEAN CYPRUS PERMANENT RESIDENCE PERMIT

In pursuance of the provisions of Regulation 6(2) of the Aliens and

Immigration Regulations, the Cyprus Minister of Interior, having notified

the Council of Ministers, has decided to issue an Immigration Permit to

NON EU applicants, in cases where certain conditions are satisfied.

TO APPLICANTS WHO ARE NON EU NATIONALS AND INVEST IN CYPRUS PROPERTIES

LEGAL FRAMEWORK

Page 11: Permanent Residence Permit Law - CYPRUS · TEL AVIV BEIRUT. Strategic location on the crossroads of 3 continents (Europe, Asia and Africa) ... One or two apartments or one or two
Page 12: Permanent Residence Permit Law - CYPRUS · TEL AVIV BEIRUT. Strategic location on the crossroads of 3 continents (Europe, Asia and Africa) ... One or two apartments or one or two

PROPERTY INVESTMENT

ONLY 300,000 EUROS

Guaranteed Fast track straight-forward

procedure

FOR THE ENTIRE FAMILY

PARENTS – CHILDREN – GRAND PARENTS

Cyprus Permanent Residence Permit covers the

whole family including dependents and parents

of the applicant and his/her spouse

VALID FOR LIFE

NO NEED FOR FUTURE RECONSIDERATION

Once every 2 years you need to visit

Cyprus at least for one day

PERMANENT RESIDENCE PERMIT WITH THE PURCHASE OF A PROPERTY

TOP REASONS TO ACQUIRE A CYPRUS PERMANENT RESIDENCE PERMIT

Page 13: Permanent Residence Permit Law - CYPRUS · TEL AVIV BEIRUT. Strategic location on the crossroads of 3 continents (Europe, Asia and Africa) ... One or two apartments or one or two
Page 14: Permanent Residence Permit Law - CYPRUS · TEL AVIV BEIRUT. Strategic location on the crossroads of 3 continents (Europe, Asia and Africa) ... One or two apartments or one or two

VISA REQUIREMENTS

NO VISA NEEDED TO ENTER CYPRUS

The Cyprus Permanent Residency holder

and his family are free to enter Cyprus

without the need of obtaining a visa

SCHENGEN ZONE

CYPRUS IS EXPECTED TO ENTER

THE SCHENGEN ZONE SOON

When applying for visas to other countries

and in particular a Schengen visa makes it

easier and more convenient for easy travel

and business.

EUROPEAN PASSPORT

YOU BECOME ELIGIBLE FOR CITIZENSHIP

A Cyprus Permanent Resident has the right (under

certain conditions) to apply for a Cypriot passport

following their physical presence on the Island.

PERMANENT RESIDENCE PERMIT WITH THE PURCHASE OF A PROPERTY

TOP REASONS TO ACQUIRE A CYPRUS PERMANENT RESIDENCE PERMIT

Page 15: Permanent Residence Permit Law - CYPRUS · TEL AVIV BEIRUT. Strategic location on the crossroads of 3 continents (Europe, Asia and Africa) ... One or two apartments or one or two

PERMANENT RESIDENCE PERMIT IN CYPRUS IN 2 MONTHS

WHO IS ELIGIBLE?

The applicant should be an owner of a property (sold for the first time

by a development company) in Cyprus, a house, an apartment or any

other building, for a minimum value of €300.000 + VAT (if any).

The immigration permit issued to an applicant covers his spouse and

children under the age of 18. The said permit is also applicable for

unmarried children aged 18 to 25 who may prove that they are students

at a University and are financially dependent on the applicant. The said

permit will be valid for life aster the age of 25 without any other additional

document.

The parents of the main applicant and those of his spouse are also eligible

to apply and obtain the Permanent Residence Permit by just showing an

extra 8,000 euros each on the main applicant's income certificate.

“To applicants who are Non EU nationals and invest in Cyprus”

Page 16: Permanent Residence Permit Law - CYPRUS · TEL AVIV BEIRUT. Strategic location on the crossroads of 3 continents (Europe, Asia and Africa) ... One or two apartments or one or two

CYPRUS PERMANENT RESIDENCE PERMIT WITH THE PURCHASE OF A PROPERTY

IMMIGRATION PERMIT REQUIRED DOCUMENTS / CERTIF ICATES UNDER REG. 6 (2)

Copy of valid passport of the applicant and his dependants.

Curriculum Vitae.

Original Letter from a financial institution in Cyprus (Bank, Coop) of a deposit

of €30.000, pledged for three years, emanated from abroad.

Declaration of a secured annual income from abroad of €30.000 at least,

(original documents and affidavit or declaration).

Title of ownership or contract of sale of property in Cyprus of a minimum

market value of €300.000 +vat if any (original or true copy). If the title of

ownership has not been obtained yet, the applicant must submit the contract

of sale duly stamped by the Stamps Commissioner and the Department of

Lands & Surveys and proof of payment for at least €200.000 + vat if any.

The amounts paid for the property must be proven to have

been transferred to Cyprus from abroad.

Official Statements by the applicant and his/her spouse that they

do not intent to undertake any sort of employment in Cyprus.

Health Insurance Policy for the applicant and his/her dependants.

Original Criminal Record Certificate duly certified for the applicant

and his/her spouse (if the applicant resides abroad, the certificate

must be issued from his/her country of residence, and submitted with

an official and certified translation).

Marriage Certificate duly certified (official and certified translation).

Children's Birth Certificates dully certified (official and certified translation).

Page 17: Permanent Residence Permit Law - CYPRUS · TEL AVIV BEIRUT. Strategic location on the crossroads of 3 continents (Europe, Asia and Africa) ... One or two apartments or one or two

FAQ'S ON APPLYING FOR A CYPRUS PERMANENT RESIDENCE PERMIT

Is Cyprus a member of the European Union?Yes Cyprus is a full member since 2004.

Is my PRP renewable every few months or years?No the PRP is granted for the life time.

How can a PRP be revoked?If the applicant sells his/her property without replacing it with another of the same or bigger value or if the applicant fails to visit Cyprus once every two years. In the case of failing to visit Cyprus within 2 years, the investor has the right to re-apply and re-grant the Residency.

What type of immovable property qualifies for the purpose of a fast track Permanent Residency ?First time sale. Resales cannot be used for Fast Track Residency One or two apartments or one or two houses or combination of eachOne apartment / house and one commercial shop/warehouse or an office.

Is it acceptable if the property is purchased in the name of a company?Yes , provided the applicant is the only owner and shareholder.

Can I buy a property which is still under study or construction?Yes you can.

Can I take up employment in Cyprus?No, however you can Establish a Company and/or-own shares in a company registered in Cyprus and the income from the dividends is not deemed an impediment for the purpose of obtaining an immigration permit.

Do I have to pass a Greek or any other language test or exam?No, it is not required.

LET 'S BE CLEAR

Page 18: Permanent Residence Permit Law - CYPRUS · TEL AVIV BEIRUT. Strategic location on the crossroads of 3 continents (Europe, Asia and Africa) ... One or two apartments or one or two
Page 19: Permanent Residence Permit Law - CYPRUS · TEL AVIV BEIRUT. Strategic location on the crossroads of 3 continents (Europe, Asia and Africa) ... One or two apartments or one or two

K A M A R E S V I L L AG E

T H E P E R F EC T P L AC E TO L I V E

Kamares Village is one of the most exclusive developments in Cyprus and is

amongst the most distinctive in the Eastern Mediterranean. This project is

characterised by its delicate stone arches and superb location with

breathtaking views of the countryside and Paphos' coastline.

The use of stone, wood and arches typify the landscape whilst swimming

pools, barbeques, sun terraces and even private tennis courts add luxury to

the Mediterranean outdoor lifestyle.

O LY M P US A N D V I K L A V I L L A S

LUXU RY H I L LTO P L I V I N G

Nestling on the hills above Paphos and next to the Tsada Golf Course is the

elegant development of Olympus and Vikla Villas. Based on the success of

Leptos Kamares Village, these homes are carefully sited so that residents

enjoy breath-taking panoramic views of the sea and the countryside.

Cool down during the warmth of the summer season in your private

swimming pool or relax in the warmth of your stone-dressed wood burning

fireplace in the winter months.

A D O N I S B E AC H V I L L A S

E L EGA N T WAT E R S I D E L I V I N G

Adonis Beach Villas is Leptos Estates’ latest most luxurious Development

set in one of the most desirable locations of Paphos. The setting is unique,

just a stonethrow from the sea¬front in a beautiful location midway between

the bustling harbour of Paphos and the blue flag sandy beach of Coral Bay.

The Villas, built to the highest standards feature private pools, large areas of

landscaped gardens, BBQ areas, large verandas and spacious parking

spaces.

Page 20: Permanent Residence Permit Law - CYPRUS · TEL AVIV BEIRUT. Strategic location on the crossroads of 3 continents (Europe, Asia and Africa) ... One or two apartments or one or two

CO R A L S E A S V I L L A S

YO U R O W N B E AC H F R O N T L I F E ST Y L E

Coral Seas Villas is set within the famous area of Coral Bay which is

considered to be one of the most attractive bays and sandy beaches in

Cyprus. The area is very popular with international holidaymakers who are

either living permanently in Cyprus or have invested in a holiday home.

Coral Seas Villas is a mixed-use resort comprising of luxury freehold

properties, a private residence club and exclusive retail facilities designed in

enriched Mediterranean style with special attention to detail and quality.

L I M A SS O L D E L M A R

E XC LUS I V E S E A F R O N T L I V I N G

Limassol Del Mar expresses the island's 'new wave' of architecture through

its unique High-rise Curvilinear design, that fully capitalises on the plot's 170

meters long sea frontage, enabling every single apartment of the

development to benefit from direct, wide angle sea views.

Residential with its five-star services & facilities it will blend with a collection

of gastronomic and shopping experiences at a most sought after residential

and leisure address.

B LU E M A R I N E

ST E P I N TO M E D I T E R R A N E A N L I V I N G

Page 21: Permanent Residence Permit Law - CYPRUS · TEL AVIV BEIRUT. Strategic location on the crossroads of 3 continents (Europe, Asia and Africa) ... One or two apartments or one or two

M A N D R I A GA R D E N S

E S C A P E TO T H E B E AC H

Mandria Gardens is set on the edge of the peaceful village of Mandria, close

to the sea, in an ideal location only 10 minutes from Paphos town, a short

drive from the golf courses of Aphrodite Hills and Secret Valley and close to

the famous landmark Petra tou Romiou, the mythological birthplace of

Aphrodite, Goddess of Love and Beauty.

The project offers one and two bedroom apartments and penthouses, and

three bedroom detached villas. There are two large communal swimming

pools, both set in beautiful and spacious landscaped gardens.

V E N US GA R D E N S

F R E S H , S I M P L E A N D M O D E R N L I N E S

Venus Gardens is a unique Residential Resort located just a short walk from

the Paphos coastline and the blue waters of the Mediterranean sea. As

Cyprus offers more than 340 sunny days a year this prime location is the

perfect place to sit on your patio sipping wine, watching sailing boats and

yachts move slowly along the blue Mediterranean waters.

Venus Gardens is a Luxury gated community boasting large communal

greens, two communal swimming pools, a clubhouse as well as ten¬nis

court.

A P H R O D I T E GA R D E N S

P E AC E F U L A N D T R A N Q U I L

Leptos Aphrodite Gardens is set to be the most luxurious gated resort

residence in Paphos with a good selection of 1, 2 and 3 bedroom

apartments, penthouses, maisonettes and villas. It is superbly located in

Kato Paphos within walking distance to all amenities and facilities and the

municipal sandy beaches.

Leptos Aphrodite Gardens comprises of 200 properties surrounding two

large free form swimming pools and landscaped gardens. 70% of the site

area is allocated for public, common, private gardens and patios with

extensive planting and landscaping including ponds, irrigation system,

footpaths and sundecks.

Page 22: Permanent Residence Permit Law - CYPRUS · TEL AVIV BEIRUT. Strategic location on the crossroads of 3 continents (Europe, Asia and Africa) ... One or two apartments or one or two

LEPTOS GROUP OFFICE LOCATOR

Page 23: Permanent Residence Permit Law - CYPRUS · TEL AVIV BEIRUT. Strategic location on the crossroads of 3 continents (Europe, Asia and Africa) ... One or two apartments or one or two

P R O P E R T YD E V E LO PM E N T CO N ST R U CT I O N P R O P E R T Y

M A N AG E M E N T R E N TA L S E R V I C E S P R O J ECTM A N AG E M E N T

P R O P E R T YI N V E STM E N TS

N EA P O L I SS M A R T ECO C I T Y

S I G N I F I CA N TH O L D I N G S

A N D I N V E STM E N TS

H OT E L OW N E R S H I P A N D

M A N AG E M E N T

T R AV E LA N D

TO U R I S M

R EA L E STAT E

3 5 0 P R O J ECTS

2 5 .0 0 0 C L I E N TS

E D U CAT I O N

U N I V E R S I T YOW N E R S H I P

A N D M A N AG E M E N T

H EA LT H CA R E

H OS P I TA LOW N E R S H I P

A N D M A N AG E M E N T

L E PTOS G R O U P

LEPTOS ORGANISATIONAL CHART

Page 24: Permanent Residence Permit Law - CYPRUS · TEL AVIV BEIRUT. Strategic location on the crossroads of 3 continents (Europe, Asia and Africa) ... One or two apartments or one or two

S U P E R B I N V E STM E N T O P O R T U N I T I E S

Page 25: Permanent Residence Permit Law - CYPRUS · TEL AVIV BEIRUT. Strategic location on the crossroads of 3 continents (Europe, Asia and Africa) ... One or two apartments or one or two

I N S P ECT I O NV I S I T

R E SA L E S E R V I C E S

P E R M A N E N T R E S I D E N CY ACQ U I R E D

P R O P E RT YM A N AG E M E N T A N D

M A I N T E N A N C E

P R O P E RT YS E L ECT I O N

R E N TA L S E R V I C E S

Leptos Estates is a vertical intergrated company offering a fully comprehensive service to its clients. A highly qualified and experienced

team of specialists, architects, civil and mechanical engineers and interior designers are always on hand to smooth out every property purchase

SERVICES

Page 26: Permanent Residence Permit Law - CYPRUS · TEL AVIV BEIRUT. Strategic location on the crossroads of 3 continents (Europe, Asia and Africa) ... One or two apartments or one or two

Leptos CardGold

Great Locations - Amazing Hotels

Elegance and charm of Resort Hotels

Setting of tranquillity and stunning views

Beautiful places-Inspiring spaces

The best value under the Sun

Secure your future with NUP

First and only University in Pafos

Education is life itself

Your University-Your Future

Academic Excellence

Best Medical Care

Pleasant and hospitable atmosphere

Functional, Comfortable, Trusted

A great place to receive care

A safe future for healthcare

Holidays Education Healthcare

As a small gesture of our appreciation we provide every new buyer of Leptos Estates properties in Cyprus with the Leptos Gold Card that will entitle you to enjoy the benefits from an exclusive privileged programme

Page 27: Permanent Residence Permit Law - CYPRUS · TEL AVIV BEIRUT. Strategic location on the crossroads of 3 continents (Europe, Asia and Africa) ... One or two apartments or one or two
Page 28: Permanent Residence Permit Law - CYPRUS · TEL AVIV BEIRUT. Strategic location on the crossroads of 3 continents (Europe, Asia and Africa) ... One or two apartments or one or two

LEPTOS GROUP OF COMPANIES

A 58 YEAR SUCCESS STORY

Page 29: Permanent Residence Permit Law - CYPRUS · TEL AVIV BEIRUT. Strategic location on the crossroads of 3 continents (Europe, Asia and Africa) ... One or two apartments or one or two

+ +

Page 30: Permanent Residence Permit Law - CYPRUS · TEL AVIV BEIRUT. Strategic location on the crossroads of 3 continents (Europe, Asia and Africa) ... One or two apartments or one or two
Page 31: Permanent Residence Permit Law - CYPRUS · TEL AVIV BEIRUT. Strategic location on the crossroads of 3 continents (Europe, Asia and Africa) ... One or two apartments or one or two

2017

BEIJING - CHINA907, Block C, Vantone Center,Jia No.6, Chaoyangmenwai StreetChaoyang District, Beijing

T: (+86) 10 5907 3099F: (+86) 19 85731449E: [email protected] URL: www.LeptosEstates.cn

DUBAI - UAEEmirates Financial TowersDIFC - North Tower - No. 319P.O. Box 506910, Dubai - UAE

T: (+971) 4 3528191F: (+971) 4 3528881E: [email protected]: www.LeptosEstates.ae

MOSCOW - RUSSIAMoscow City - Empire Tower6, Presnenskaya Naberezhnaya Building 2, Floor 44, Office 4413Moscow - 123317, Russia

T: (+7) 4959741453/54E: [email protected]: www.Leptos-Estates.ru

UKRAINE- KIEV44, Shota Rustaveli street, office 6, 01033Kiev, Ukraine

T:(+38) 063 609 69 86E: [email protected]: www.LeptosEstates.ru

LONDON - UKLeptos UK Ltd.1, Berkeley StreetMayfair, London, W1J 8DJ, UK

T: (+44) 208 883 2333F: (+44) 208 883 6464E: [email protected] URL: www.LeptosEstates.com

AMMAN - JORDAN

Mecca street, Al Husseini towers,building No 164, 4th floor, office #403, Amman, Jordan.

M: (+962) 79 816 5299E: [email protected]: www.LeptosEstates.com

PAPHOS - CYPRUS

The Leptos House111, Apostolos Pavlos Ave, CY-8046, P.O. Box 60146, CY-8129Paphos, Cyprus

T: (+357) 26880100E: [email protected]: www.LeptosEstates.com

NICOSIA - CYPRUS9, Dhemetsanis str.CY-1070 NicosiaP.O. Box 24862, CY-1304Nicosia, Cyprus

T: (+357) 22458745E: [email protected]: www.LeptosEstates.com

ATHENS - GREECE37, Achaias str. 115 23 AmbelokipiAthens, Greece

T: (+30) 210 6083800F: (+30) 210 6083849E: [email protected]: www.LeptosGreece.com

LIMASSOL - CYPRUS104, Amathountos Avenue, Shop 5, 4532 Agios TychonasLimassol, Cyprus

T: (+357) 25873233F: (+357) 25312031E: [email protected]: www.LeptosEstates.com

CHANIA - GREECE81, Chalidon str.73 100, ChaniaCrete, Greece

T: (+30) 2821020830F: (+30) 2821033647E: [email protected]: www.LeptosGreece.com

PAROS - GREECEEkatondapiliani84 400 ParoikiaParos, Greece

T: (+30) 2284028503F: (+30) 2284028504E: [email protected]: www.LeptosGreece.com

HEADQUARTERS