Step 1: Make the Investment

• Decide on the type of real estate investment you want to pursue, whether residential, commercial, or a combination.
• Seek advice from an experienced immigration investment advisor, like the Migrate World team, to determine the best investment strategy for you.
• Once you have decided, complete the legal transaction, which may involve visiting Cyprus to view properties arranged by your advisor and opening a local bank account with a €30,000 deposit (which can be done remotely if necessary).
• Consider giving power of attorney to a lawyer to handle the investment and application process on your behalf.

Step 2: Submit Your Application for Residence

• Gather necessary documents, including passports, marriage certificates, birth certificates, criminal record certificates, resumes/CVs, property ownership documents or sales contracts, proof of foreign income, proof of €30,000 bank deposit in Cyprus, health insurance, and statements declaring no employment intentions in Cyprus.
• Fill out the application form and submit it along with the required documents to the Civil Registry and Migration Department.
• Wait for up to two months for your application to be processed.

Step 3: Obtain Your Permanent Residence Permit

• Upon approval, you will receive a residence permit allowing entry into Cyprus.
• Travel to Cyprus within one year to obtain your permanent residence permit by visiting a local migration office for biometric capturing. 
• Once processed, you’ll receive your permanent resident permit (PRP) and only need to visit Cyprus once every two years to maintain it. Note that selling your investment property(ies) or becoming a permanent resident elsewhere can result in permit revocation.

Step 4: Apply for Naturalization

• If interested in obtaining Cypriot citizenship, maintain permanent residency for at least seven years.
• Apply for naturalization, which requires being a tax resident in Cyprus only for the year before lodging the application.