In order to be eligible to apply under a new, fast procedure, the applicant is required to buy a property with a value not less than € 300.000, to demonstrate a secured annual income of at least €30.000 at its disposal and to visit Cyprus at least once every two years.
Required documents:
- Copy of valid passport.
- Curriculum Vitae (including academic qualifications).
- Statements of deposits in a Cypriot Bank account, of a minimum capital of €30.000 (original), this is applicable for the fast track.
- Declaration of a secured annual income of a capital of €30.000 at least, from sources other than employment in Cyprus (original documents and affidavit). The necessary annual income is increased by €5.000 for each dependent person.- in case of the fast track.
- Title of ownership or contract of sale of a built property in Cyprus of a minimum market value of €300.000 (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. In case of the fast track.
- Official Statement by the applicant that he/she does not intent to work or be engaged in any form of business in Cyprus, in case of the fast track application.
- Health Insurance Policy.
- Criminal Record Certificate (if the applicant resides abroad, the certificate must be issued from his country of origin, and submitted with an official and certified translation into Greek).
- Marriage Certificate (official and certified translation).
