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AGORA RESIDENCE

The style, quality, and vibrant location of this luxury apartment make it the perfect inner-city package.

Natural tones and luxurious finishes have been sculptured to provide residents with a touch of class that they can use the foundation to add their personal touch. Step inside and you’ll be welcomed by an ever-changing vista of panoramic views and enjoy amazing sunsets over the water.
The perfect investment opportunity for either Business, Residential or Holiday homes.

PERMANENT RESIDENCY INVESTMENT CRITERIA AND FEE GUIDE

Investment Financial Criteria a new residential property of
minimum €300,000 plus VAT

PURCHASE

You must provide proof of funds and have a clean criminal record. You may apply for a PR immediately after buying the property. As soon as you pay the first €200,000 plus VAT (€210,000) you have the right to apply and receive the PR approval in 60 days.
The remainder can be paid in stages according to your financial preferences.
No language test
No residency requirements
No educational requirements
No upper age limit

Long-term benefits of getting permanent residency

The total investment can be as low as € 300,000
The PR permit of the adult children is valid even after they exceed the age of 25 and they do not remain students and/or financially dependent upon their parents and or even if they get married

A PR holder can apply for Cyprus Citizenship via naturalization after

7 years of legally residing in the Republic.
A PR holder, after 5 years*, can upgrade his / her PR permit to a long-term residency status which allows him to enjoy the same rights as EU citizens.

The status of a long-term resident is permanent and available to all non-EU citizens who have lived in Cyprus for more than 5 years.
Long-term resident status is granted to applicants who have not left the country for more than six months in a row, or more than 10 cumulative months for a 5-year period.

PR holder’s children are free to study in public Greek schools, or in any private English school, as well as in universities, private or public, which then allows them to study at universities in the EU and the USA.

The owner of permanent residence has the right to create a Cyprus company and operate all over the European Union.

Tax Incentives
ZERO Inheritance tax & estate duty
ZERO Transfer fees
ZERO Property tax
ZERO Tax on foreign income received in CY
5% Reduced VAT policy*
12.5% Corporate tax
23.85% Lowest real personal tax rate in Europe

* VAT for the acquisition of property can be as low as 5% for the first property
purchase (first 200sqm)
PERMANENT RESIDENCY
KEY BENEFITS OF RECEIVING

Permanent Residency
The accelerated procedure within 60 days Residence for the whole family The main applicant, the applicant’s spouse, minor and adult children of the applicant, as well as the parents of the applicant and the parents of the spouse,

The residence permit is permanent & lasts for a lifetime. Enjoy all the benefits of education and health just as the local people use them.

Eligibility
The applicant can purchase a new residential property with a minimum value of €300,000 plus VAT or, purchase two residences (villas or apartments) with a minimum value of €300,000 plus VAT
which might be:

a) two residential properties or
b) one residence (villa or apartment) and a shop up to 100sq.m. or,
c) purchase one residence (villa or apartment) and an office up to 250sq.m.
It must be a first sale property/properties and purchased from a developing company.
The applicant must show income from abroad of at least €30,000/ year. This income to be increased by €5,000 per dependant (spouse and children) and €8,000 for each parent/parent in law.
Funds related to the investment and fixed deposit must come from abroad.
Adult children up to the age of 25 can obtain PR permanently.
They must prove they are single, financially dependent upon their parents and students for at least six months as from the date the PR application is submitted. This applies to adult children who are students in an institution outside of Cyprus.

The PR permit of the adult is valid even after they have exceeded the age of 25 years and even if they do not remain students and/or financially dependent upon their parents and/or even if they get married.

Investment Financial Criteria a new residential property of
minimum €300,000 plus VAT

PURCHASE
You must provide proof of funds and have a clean criminal record. You may apply for a PR immediately after buying the property. As soon as you pay the first €200,000 plus VAT (€210,000) you have the right to apply and receive the PR approval in 60 days.
The remainder can be paid in stages according to your financial preferences.

No language test
No residency requirements
No educational requirements
No upper age limit
PERMANENT RESIDENCY
€30,000 in a financial institution in Cyprus
blocked for three years

DEPOSIT
Long-term benefits of getting permanent residency
WHO GETS PERMANENT RESIDENCY WITH THE PURCHASE OF ONE PROPERTY?
Children under
25 years old



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