Is VAT included in the 300,000 € minimum investment?
No, the investment property's minimum value must be at least 300,000 € without the VAT.
Can I submit the permanent residence application before paying for my purchase in full?
Before applying, at least 200,000 € of the purchase price must be paid (without the VAT).
Can my common-law wife/husband obtain permanent residency under the same application or is only an official marriage recognized by the Cyprus government for this purpose?
If Investor's marriage has not been registered, he/she can simply register the marriage locally in Cyprus or get married in the church. In both cases a certificate of marriage is granted which is recognized by the government enabling the Investor to proceed with the application which also includes his/her spouse.
Are holders of permanent residence permit granted the right to work in Cyprus?
No, individuals holding a permanent residence permit are not permitted to work in Cyprus.
Are holders of permanent residence permit granted the right to travel to other EU countries?
Visiting Schengen Area countries still requires a visa. As a rule, such visas are granted quickly and effortlessly.
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