Cyprus Visa Application Documents - Detailed Preparation Guide
The application process for a Cyprus visa to obtain permanent residency in 2024 has seen several changes compared to previous years. Therefore, in today's article, our experts will provide an update on the crucial documents that investors need to prepare thoroughly to increase the chances of approval.
Requirements for Investors Participating in the Cyprus Citizenship by Investment Program
Before diving into the detailed steps for preparing a Cyprus visa application, let’s review some specific requirements for this investment residency program for both investors and accompanying dependents:
The applicant must be over 18 years old with a clean criminal record.
Proof of an annual income generated abroad of at least €50,000.
If the application includes the spouse of the applicant, an additional €15,000 must be added.
Each accompanying child adds an additional €10,000, whereas previously, the mandatory annual income was €30,000 for the applicant.
After receiving the Cyprus visa, the applicant must maintain a real estate investment of €300,000 and provide proof of annual income according to the program's conditions. Additionally, you must maintain insurance for all family members.
The investment citizenship program for Cyprus has relatively straightforward requirements.
What Does the Cyprus Visa Application Include?
Investors seeking permanent residency from the Cypriot government through investment must prepare the following documents:
A certified copy of a valid passport.
A clear CV.
Original criminal record certificate from the countries of residence, accompanied by an officially certified translation.
A signed declaration stating that the applicant is not seeking employment in Cyprus, except for the role of a director in the invested company.
A contract or proof of ownership of purchased property, evidence of shares, or units purchased in Cyprus.
Documents proving an annual income of at least €30,000 from abroad, plus the required additional annual income when the applicant includes parents or children aged 18 to 25 years.
For accompanying members, relevant documents such as a copy of a valid passport, marriage certificate, birth certificates of children, etc., must be presented.
The more complete, accurate, and transparent your application, the higher the chances of approval.
Important Notes When Preparing a Cyprus Visa Application
All documents in the application for Cyprus investment residency must be translated into Greek or English. If not, they should be translated into English by a certified translator.
If the investor's income is derived from commercial real estate in Cyprus or shares in a Cypriot company, this total income can be used as a contribution to the Cypriot government or to supplement the annual income when required.
When purchasing real estate for investment in Cyprus, the applicant must register the purchase contract with the Land Registry and pay at least €200,000 plus VAT.
Additionally, the bank deposit must be transferred directly to the seller's bank account in Cyprus from abroad.
Investors should seek expert assistance during the process of preparing their Cyprus investment visa application.
Investing in Cyprus Residency with Our Support
We are proud to be a licensed agent providing top European investment and residency solutions. With years of industry experience and multiple offices worldwide, including in Cyprus, Vietnam, Malta, Dominica, and Turkey, we have successfully assisted over 1,500 investors with their applications. Our success rate for applications from Vietnam is currently at 100%.
Conclusion
We have reviewed the latest 2024 Cyprus visa application requirements. If you have any unclear information or wish to know more about the Cyprus Golden Visa program, please contact us through our website at https://quoctichthuhai.com/ for accurate and timely support.
