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A Second Passport
In Months

Having a second passport gives you the freedom to travel, whether for work, personal, or education

A Better Quality
Of Life

Give yourself more financial options. Open a bank account where you please and take your business to different places.

A Secure Future For
You & Your Family

It is a time to secure your children and grandchildren’s future where they can live, study and work.

Why choose Cyprus?

A modern country that effortlessly marries European culture with keeping the glory of ancient heritage. Cyprus has something to offer every month of the year to its comers to enjoy golden beautiful beaches with crystal clear waters, pine-scented forests, superb climate, safe and stable settings ideal for luxurious life style. It is recently being known as a very appealing destination for non EU foreign nationals who are seeking to obtain permanent residency and citizenship statuses in one of EU countries by satisfying investment’s specific criteria.

In 2013, an announcement by the Ministry of Interior of the Republic of Cyprus was issued, stating that Immigration Permits (Citizenship and Permanent Residence) will be issued to third country nationals if they fulfil certain criteria and terms.

BENEFITS

  • Fast Track; Permanent Residency within 3 months
  • Permanent Residency obtained with 8-12 months with the regular track
  • Permanent Residency in EU country
  • Obtaining a life time permanent residence with no expiration
  • Cyprus Citizenship after 7 years of residing in Cyprus
  • Permanent Residency in EU country, which will soon join the Schengen zone allowing all Cyprus PR holders to travel freely through Europe
  • Facilitates obtaining Schengen visa once you have the permanent residence in Cyprus
  • No physical residence requirements during or after the application procedure to maintain the PR. A visit every two years is required
  • No education, or interview test
  • No language requirements
  • One of the lowest property tax
  • No Inheritance tax on inherited property
  • Freehold Property
  • The property investment can generate rental income
  • Family members (spouses, unmarried children between 18-25 of age and dependent parents of both spouses’ parents) can obtain permanent residency
  • High Standard of International schooling and universities with lower tuition costs than EU countries

Qualifications

  • The applicant must hold a valid passport
  • Applicants must not hold criminal record
  • The applicant must be non EU National
  • The applicant must be over 18
  • The applicant must provide a proof of a secured annual income no less than € 30,000 deriving from abroad plus €5,000 for each dependent family member. The income may include any source of income including wages, salaries, and dividends or rental income.
  • The applicant must make the appropriate investment approved real estate property
  • In Fast Track permanent residency, the applicant must open bank account in Cyprus also submit a confirmation letter from Cypriot bank stating that he/she had deposited a minimum capital of EUR 30,000 in a fixed deposit account for three years. The necessary minimum deposit is increased by EUR 5,000 for each dependent person
  • In Regular Track permanent residency, the applicant must open bank account in Cyprus also submit a confirmation letter from Cypriot bank stating that he/she had deposited a minimum capital of EUR 24,000 in a non-fixed deposit account, that can be withdrawn anytime. The necessary minimum deposit is increased by EUR 5,000 for each dependent person.
  • In Regular Track Permanent Residency, children must be (1) under age 18 and unmarried; or (2) full-time students aged under18 who are dependent on their parents with (and fully supported by the applicant or (3) children with severe physical or mental disabilities.
  • Cyprus Fast Track Permanent Residency, children must be (1) under age 25 and unmarried; or (2) full-time students aged 18-25 who are dependent on their parents and living with (and fully supported by) the applicant or (3) children with severe physical or mental disabilities.
  • Parents of both spouses who are dependents can obtain permanent residency.

Timeline & Procedure

The Cypriot permanent residency can be obtained in 3-4 months. Investors can opt for the fast track option.

Month 1-2 Step 1 File Preparation

Collection of documents, office fees, government fees and initial deposit in Cyprus is due at this stage. Bluemina team will assist applicant in selecting a property

Month 2-3 Step 2 Investment is made: full payment of the purchased property
Month 3-4 Step 3 File submission to Civil Registry and Migration Department
Step 4 Issuance of “Approved in Principal Letter’’ by the Civil Registry and Migration Department
Step 5 Issuance of immigration permit

Visa Free Travel

Investment Schemes

Investment in Real Estate:

Regular Track Permanent Residency: The applicant is required to have purchased re sale property residence for himself and his family in Cyprus of below €300,000 (excluding VAT).

Fast Track Permanent Residency: Under this track, the applicant is required to have purchased a new, not re sale, property residence from a developing company for himself and his family in Cyprus of no less than €300,000 excluding (VAT).

Locations: 

Property can be purchased everywhere in Cyprus. In most recent years, Bluemina has helped applicants purchase property in Larnaca, Paphos, Limassol, and Protaras.

Projects in Larnaca:

Situated on Cyprus southernmost coast, Larnaca is the country’s third largest city and home to the second largest commercial port. Larnaca international Airport is located on the outskirts of the city, with easy access to and from the city Centre.

Projects in Paphos: 

Paphos is a charming harbor town in the southwest of Cyprus. Besides its golden sandy beaches, it is one of the most culturally rich areas of the island.

Projects in Limassol: 

Limassol is the second largest urban area that is located on the southern coast of Cyprus it is a great base for travelers who want to temper the sandy beach-bum fun with swags of culture.

Projects in Protaras: 

Family-friendly and tranquil, Protaras is situated along the sandy coastline of Cyprus’s Fig Tree Bay

Legal Basis

Cyprus offers two routes under which Cypriot permanent residency can be obtained:

1-Regular Track Permanent Residence Permit

According to the decision of the Minister of Interior of the Republic of Cyprus dated May 07th, 2009, regulation 5(F) OF THE ALIENS AND IMMIGRATION REGULATIONS provides a unique opportunity of granting permanent residence permit within 8-12 months to prospective non EU individuals purchasing a new resold property below 300,000 Euro excluding VAT and should also provide the proof of annual income no less than 24,000 Euro for a single applicant and 5000 Euro for every dependent person. The income may include source of income including wages, salaries, and dividends or rental income.

2- Fast Track Permanent Residence Permit

In pursuance of the provisions of Regulation 6 (2) of the Aliens and Immigration Regulations, the minister of interior on August 29th, 2012 decided to issue Immigration Permit within 3-4 months to third country nationals who acquire by virtue of sale, a self-owned and not re sale properties in Cyprus for self-residential purposes for a minimum value of EUR 300,000 excluding (VAT). Additionally, the applicant must prove that he has a secured minimum annual income of €30.000 and that this income is derived from abroad and not from working in Cyprus. Moreover, the required minimum annual income is increased by €5.000 for each dependent person.

Obtaining a Cypriot Permanent Residency facilities the obtaining of Schengen Visa allowing investors to travel within Schengen zone.

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“Bluemina has a great professional team, my application was completed and submitted within days.”

Dr. Hussein M
Iraq

“Bluemina took care of the whole process, I just handed my documents and left the rest to them.”

 

Vijit S
UAE

“Bluemina is all about service. Very smooth and easy application.”

Tareq H
Jordan

“Received my passport in 2 and a half months from Bluemina.”

 

Mona F
Jordan

“Bluemina really helped me decide what citizenship program was right for me and my family.”

 

Ramez H
Jordan

“Have had my passport for 5 years, still recommend Bluemina to my friends and collegues.”

 

Dr. Sahar S
Iraq

All of our solutions are tailor-made just for you

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