You will select your property during your Property Inspection Trip to Cyprus.
Your Barrister-Advocate in Cyprus will forward the following agreements to you:
- Property Reservation Agreement
- The Barrister-Advocate’s Client Bank Account Agreement in Cyprus
- A Power of Attorney Agreement with the Barrister-Advocate in Cyprus
- Property Sales Contract
- Cyprus EU Permanent Residency Permit Application Form
In order for the IPC Work Permit Program to commence, you will need to make two payments to the Barrister-Advocate’s Client Bank Account in Cyprus. This fee encompasses the following:
- The Property Reservation Fee of €2,000
- The IPC Work Permit Program costs of €5,000 (which includes all Legal Fees and Cyprus EU Permanent Residency Permit Application Process fee
- The Cyprus Limited Company Incorporation Fee of (including the first year’s annual fees) must be transferred into the Barrister-Advocate’s Client Bank Account in Cyprus
You must provide the supporting documentation required for the Cyprus EU Permanent Residency application.
- Copy of Passport
- Proof of Residency
- Marriage Certificate
- Birth Certificates
- Criminal Record Certificate
- Medical Insurance
- Bank Guarantee of €855 for 3 years
- Tenancy Agreement or Contract of Sale
- Letter from School (If applicable)
- 4 Photographs
- Return Ticket
- Salary Evidence
- X-Rays, Blood Tests & Hospital Certification of 13 and 14 above
- Employment Contract
- Company Details/Registration Certificates
Time of Work Permit Application must show at least €42,000 in the Company’s Account Bank Reference
You are required to notarise and legalise your supporting documentation.
You must transfer the property purchase funds to the Barrister-Advocate’s Client Bank Account in Cyprus in accordance with the terms outlined within the Property Sales Contract.
The Barrister–Advocate in Cyprus will contact you in order to obtain approval to exchange contracts on your protperty purchase.
Upon notification that the application has been pre?approved, a process that can take as little as 48 hours from document submittal to the Civil Registry and Migration Department, the Barrister-Advocate will send you notification of the pre-approval in writing.
You will be advised by the Barrister–Advocate when the Cyprus EU Permanent Residency Permit has been issued.
At this stage, the Barrister-Advocate will transfer the property purchase funds to the Property developer/vendor from funds held within the Barrister?Advocates Client Bank Account in Cyprus.