The Cyprus Permanent Residence Permit, which is granted to non-EU nationals investing in the Republic of Cyprus was amended on March 24.

The amended Residence Permit scheme continues to apply to the applicant, the spouse, the applicant’s unmarried and financially dependent children up to the age of 25 provided that they undertake their bachelor or master’s degree studies, as well as to the applicant’s parents and parents in-law. While the minimum investment amount of 300,000 euros (plus VAT if applicable) remains unchanged, further investment options are now provided to applicants.

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Article By Eleni Drakou on March 25, 2021



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