Can the residential property be sold or rented out once Citizenship is granted?

Home FAQs Can the residential property be sold or rented out once Citizenship is granted?

Since the Investor is not required to reside in Cyprus, it is possible to rent out their privately owned residence. It is also possible to replace the residential property with another residential property of the same or higher value than €500,000 at any time.

Related FAQs

1. Does a Permanent Residency Permit (PRP) help towards obtaining Citizenship?
2. How long is the examination period for the Citizenship application?
3. Is it a requirement that an applicant must live in Cyprus prior to or after Citizenship being granted?
4. When does the successful applicant receive their Cyprus passport?
5. What does "acquisition of businesses or companies based in Cyprus" mean precisely?
6. In regards to satisfying the financial criterion of investment into real estate, are real estate properties purchased by the applicant in the past eligible?
7. Are re-sale properties eligible for the real estate investment criterion and/or the private residence requirement?
8. How can the Investor maintain Citizenship granted?
9. Are medical tests required or a health insurance prior to applying for a citizenship?
10. Where an applicant for a Cypriot Citizenship by Investment is the holder of a European permanent residency, is it required for the residency to be revoked prior to applying for Citizenship in Cyprus?
11. In case an applicant already owns residential premises in Cyprus, will he still be required to purchase an additional permanent residence of at least €500,000 for the purposes of the Citizenship by Investment application?
12. Can an unmarried couple simultaneously file a Cyprus Citizenship by Investment application where the investment will be made solely by one of them as the main applicant and the unmarried partner will be considered the spouse?

About Us

Global Immigration Services Group (GIS) is an Immigration Services Provider focusing on Second Citizenship by investment programs & Residency Programs.

We offer a variety of Second Passport options including but not limited to; Caribbean Citizenships such as Saint Kitts & Nevis, Grenada and Dominica. European Second Citizenship by investment programs inclusive of Cyprus and Malta. As well as other Residency Programs such as Portugal and Greece...

Our selection of established and well-respected Developers, excellent Government Relations and Caribbean Contacts makes us the obvious choice for all your Citizen & Residency needs.