Apartment in Hurghada and Vunge h1>
According to the UN today, about 50 thousand citizens of the former USSR live on the island. The main reason for mass migration is a mild climate and a simplified procedure for obtaining citizenship and a residence permit for foreigners in Cyprus.
How to obtain the citizenship of Cyprus to a Russian citizen.
Natural weather conditions are combined in Cyprus with ideal living conditions. Developed infrastructure, Russian schools, a sphere of leisure, a variety of products, magnificent beaches. For the first time on the island many fall in love with this sunny country, and, buying real estate, acquire a “second home” in Cyprus.
Choose property in Cyprus.
The migration legislation of Cyprus is loyal to foreigners. When buying property, a citizen of any state has the right to apply for a residence permit. Terms of the document depends on the price category of housing.
Fill out the application for a residence permit with documents the owner of the property can independently or through a representative. Foreigners are invited to apply:
Permanent location; temporary residence permit; the citizenship of Cyprus for investment; Real estate should be purchased in the primary market – from construction companies; the cost of housing is not less than 200 000 euros (plus VAT); the apartment can be under construction. registration of permanent residence for the whole family; the possibility of acquiring the citizenship of Cyprus; simplified procedure for issuing visas to EU countries; a trip to Cyprus at any convenient time.
Citizens who can not decide on issuing long-term residence documents can stay in the country on a tourist visa. The validity of the temporary visa is from 1 to 5 years. The stay is limited to 90 days for every 6 months.
How to obtain a temporary residence permit in Cyprus.
Owners of real estate in Cyprus have the right to apply for a residence permit. Conventionally, this visa is called “Pink slip”. The document gives an opportunity to stay from 6 to 12 months on the island, invest in business, manage a Cyprus company, and receive training.
According to the law on residence permits, the right to enter into employment contracts by foreigners is limited. Mandatory confirmation of income from abroad is required. The temporary residence permit is issued for both the citizen and members of his family: his wife and children.
How to get permanent residence in Cyprus.
Foreigners who have associated themselves with Cyprus with long-term relationships (moving to a permanent place of residence) can apply for a permanent residence permit. The document allows you to stay on the island for a long time without a break. However, it requires the creation of large investments in the economy of Cyprus.
A permanent residence permit is granted to foreigners who have purchased property in Cyprus for more than 300,000 euros without VAT. Within 2 months from the date of submission of the questionnaire to the UWW, the authorities draw up a long-term residence permit for the apartment owner and members of his family. It is possible to obtain an IPV in Cyprus by a simplified procedure.
In 2013, the law on the simplified procedure for obtaining the UWW made significant changes: to apply for a residence permit can citizens with the status of F and when buying a flat on the secondary market.
Advantages of obtaining permanent residence in Cyprus.
The most important advantage for a buyer of real estate in Cyprus will be living on one of the most beautiful places on earth. For foreign investors, it is proposed to obtain the right to permanent residence, provided that they invest in the local economy. The main advantages of a long stay on the island are:
registration of permanent residence for the whole family; the possibility of acquiring the citizenship of Cyprus; simplified procedure for issuing visas to EU countries; a trip to Cyprus at any convenient time.
Registration of citizenship of Cyprus.
In 2014, the government of Cyprus adopted a new amendment. Now foreigners can issue a passport of a citizen of Cyprus, making large investments in the economy of the country.
Citizenship of the Republic is received both by the owner of real estate in Cyprus, and his spouse (a), children, parents dependent.
The basis for issuing the passport of Cyprus is the acquisition of housing in personal property for a total of 2.5 million euros. Investment of funds can be made within three years from the date of application. After three years from the date of registration of citizenship, the owner of the house has the right to dispose of the apartment at his own discretion. To maintain the status of a Cypriot citizen in his possession should remain property worth more than 50 000 euros.
The application for citizenship is considered within 3 months. In a simplified manner, both the citizenship of Northern Cyprus and the southern Republic of Cyprus are issued.