What is the new policy and situation in Cyprus?

Since the Cyprus passport project has been suspended, once it is restarted, the policy will definitely change. Therefore, this paper will not discuss the relevant conditions of Cyprus passport, but focus on the application conditions of permanent immigration. In this way, the applicant may also obtain passport status, and it will take a long time to plan naturalization. The application conditions for permanent residence are as follows:

1) Requirements of the applicant

The main applicant must be 18 years old and have no criminal record; The affiliated applicants mainly have legal spouses; /kloc-children under 0/8 years old; /kloc-unmarried, full-time studying and financially independent children aged 0/8-25; Parents of the principal applicant and his spouse.

2) Real estate investment requirements

The applicant purchases a property with a net worth of 300,000 euros or more in Cyprus.

3) proof of income

The main applicant provides an annual income certificate of 30,000 euros. For each additional affiliated applicant, the annual income certificate needs to be increased by 5,000 euros; For each additional parent who is an affiliated applicant, the annual income certificate will increase by 8,000 euros.

4) Deposit requirements

A three-year fixed deposit of 30,000 euros was deposited in a bank account in Cyprus.

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