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The Cypriot permanent residency will be granted approximately 2-3 months from the day of the application’s submission. An applicant must provide a minimum of EUR 200,000 to the property developer to start the application. Upon successful completion of the application process, the investor will receive their Permanent Residence Card, which is valid for life and does not need to be renewed.

* The time estimated to receive the residency approval is based on the government’s due diligence processing time and may vary from applicant to applicant.