Residence permit

Temporary residence permit (Pink Slip), for citizens from countries outside the EU:

Required documents:

- A copy of the purchase and sale contract or rental agreement or title of property owner

- A deposit in the bank, and the proof of the origin of money (about €100,000)

- A passport + copies of the first and the last pages (with a entry stamp)

- A pension certificate + translation + copies (if available) of any other sources of income in the form of dividends, rental income, other investments. You actually have to show a steady and regular income from external sources sufficient for the applicant and his family members. It is not necessary, but it will help in further prolongation of the residence permit

- A bank guarantee for 2 years amounting to €855 for the citizens of countries outside the EU, and €515 for the Russians + a copy of the guarantee

- A marriage certificate + translation (+copy) Apostille (Russians are exempted from Apostille)

- Birth certificates for children + translation + Apostille copy (Russians are exempted from Apostille) 4 photos + 1 photo for further renewal

- Medical insurance with an automatic renewal for one more year

This authorization may be prolonged for each subsequent year on the same terms. Owners of such temporary residence permits must not stay outside Cyprus continuously for 90 days and must live in Cyprus for a total period of 6 months.

Permanent residence permits (under category F)

This authorization shall also apply to spouses and minor children (under 18 years) of the owner. It can be granted to individuals who freely have a high enough annual income at their disposal to maintain a decent living in Cyprus for members of their family. Income can vary from €20,000 per year and up, depending on the number of family members. It is also necessary to show enough money in the Bank of Cyprus and the evidence that they came from abroad. This amount should not be less than €150,000. This amount can be changed in the case of high income.

Required documents:

- Copies of the certificate of registration in Cyprus (for wife and minor children as well)

- A temporary residence permit (for wife and minor children as well)

- Copies of passports (for wife and minor children as well) with a validity for at least 2-year term

- A marriage certificate translation, Apostille (Russians are exempted from Apostille)

- Birth certificates (certified translation) of the children, Apostille (Russians are exempted from Apostille)

- Diplomas of higher education, etc. original + translation + Apostille (Russians are exempt from Apostille)

- An immovable property in Cyprus if any (title of the owner or purchase and sale contract)

- A health insurance (for wife and minor children as well), automatically renewable bank statement (for min. amount of €250,000)

- Company documents belonging to the applicant, data on income and the source from which they are derived

-4 resume photos

- Certificate of no criminal record + translation + Apostille (Russians are exempted from Apostille).

- Certificates for children over 15 years are also required.

By order of the Ministry of Internal Affairs, when a citizen of the country outside the EU buys property priced at €300,000 or more, the process of obtaining and submitting for a permanent residence permit is greatly simplified. He/she must open a current account, as well as he/she should show that he/she is spending money in Cyprus on his/her living and his/her family (food, clothing, etc.). He/she must present the rental agreement in his/her name or to purchase property in his/her name. It is also desirable to present statement of the deposit bank account. The first interview for obtaining a residence permit can be arranged within one week after we have all the necessary documents. Note that if the owner of the residence permit of category F does not live in Cyprus for nearly two years, he/she may lose the right to permanent residence in Cyprus.

The process of rent – how to rent property in Cyprus

Reservation process: If you choose one of our options, we will send you a preliminary contract to sign. After signing you will need to make a prepayment amounting to 30% of the total rental cost, 70% are paid on the day of mobbing in. You also have to make a refundable security deposit of € 500 on the day of moving in. Deposit is aimed at payment of electricity, water and also in the event of property damage.

Ways of reservation: Online reservation: Reservation via e-mail Reservation through reservation department via phone +357 99666010

Payment methods. Payment can be made: Cash in Cyprus. Bank transfer to company account

Additional services: Cleaning property. Cleaning is carried out before your arrival. At your request, we can arrange extra cleaning at an additional cost of 5 Euros per hour. Transfer from/to the airport by S Class executive car or Mercedes Viano (7 seats). Trips to Cyprus with Russian speaking driver.

Car rent. 24 hour support from our company at any of your questions.

Conclusion of contract of trust management

Conclusion of contract of trust management is a special service for property owners. Contract of trust management is a convenient and safe way to get a stable income from real estate, unless you live in Cyprus all year round. Throughout the duration of the contract, we represent the interests of the owner, including implementing:

• selection of tenants according to your wishes;

• expert drawing and conclusion of the tenancy contract in full compliance with local legislation;

• monitoring the compliance with the tenancy contract and timely receipt of the rent.

Cooperating with us, you can be sure of getting a permanent income and maintaining an ideal condition of your home and property.

Support of the sale

Stagewise support of purchase and sale transactions and representing interests of the client at meetings with the vendor. Once you make a decision, our employees will prepare and issue all the necessary documents, will assist in opening a bank account and, if necessary, obtaining a mortgage loan.

Signing purchase and sale contract.
It should be noted that the Cypriot legal system is based on the English model, which ensures comprehensive protection of the rights of the buyer. In order to ensure the interests of the buyer, after signing the purchase and sale agreement and payment of the first installment, the Cyprus Land Registry provides a simple and effective legal instrument referred to as “ensuring strict compliance”. This measure is designed specifically for the buyer, prior to issuing the certificate of title of ownership. Registered contract can not be terminated by anyone except the buyer, that is, the property can not be sold, rented out, re-register or repawned without the owner’s consent.

Immovable property tax.
According to the law on Immovable Property Tax, all owners, regardless of whether they are residents of Cyprus or not, are required to pay an annual tax based on the total value of all immovable property registered in their name. The Property Tax in Cyprus is calculated based on the market value of the property as of January 1, 1980, and is payable each year to the Department of Inland Revenue. Individual owners are exempt from this tax, if in 1980 the value of their property was less than €170,860. As a result, it is particularly unlikely you will pay it (unless you bought property worth several million by today’s standards). The tax is payable on September 30 each year. Natural and legal persons shall be liable to this tax. Calculating your tax liabilities with regard to the immovable property. Each registered owner of the immovable property which costs more than €170,860 must submit a declaration of immovable property (IR-301 and IR-302) and pay the appropriate tax revenue each year by September 30. The tax rates are as follows:



Up to € 170,860 0%

€ 170,861 to € 427,150 0.25%

€ 427,151 to € 854,300 0.35%

More than € 854,300 0.40%

It should be noted that the zero IPT rate on the property with value up to €170,861 only applies to individuals. If you have set up a company (legal entity) for the purpose of owning the range of properties, the zero rate does not apply.

The full range of financial advice and services

The full range of financial advice and services in purchasing and renting property from the appeal to experts of the agency till assumption of ownership. You will receive all necessary information and assistance concerning the conduct of the sale, tax rates for purchasing and owning a property, payment options, opening bank accounts, mortgage loans in foreign bank and property insurance.

Viewing trip

CypRuss Properties company is distinguished by an individual approach to each new order, provision of the best options in the shortest possible time, accurate fulfillment of tasks. We offer Fly and Buy program for our customers, which has successfully established itself in the European market. This program allows you to have a free flight and accommodation in Cyprus during the viewing trip, in order to purchase real estate. Our customer relationship does not end after the signing of the real estate purchase contract. Services of CypRuss Properties company include full support of the deal, from the beginning of the search at home till moving into it. We help during the process of adaptation on the island and provide services of maintenance of the acquired property.

Providing our extensive property database

We suggest choosing an apartment or a house from our extensive property database, the selection of the best options is held in any city in Cyprus in accordance with your wishes. We will provide you with detailed information about all the sites of your interest, its photographs, layout, as well as a land lot plan, and we will tell you about the infrastructure of the area.

Individual counseling

Individual counseling on all matters relating to adaptation in the country, education and permanent residence.

Catamaran ride in the Mediterranean Sea

Equipment sailing catamaran
Renting Lagoon 380, Lagoon 450 – renting autopilot boat, radar, VHF radio, GPS + plotter, binoculars, navigation tools, compass, echo sounder, rev counter, barometer, harbor handbooks, sea charts, outside steering position, self-draining valve, electric bilge shelf, inverter, socket, shore supply 220V, pressurized hot water system, pressurized water system, battery charger, main circuit breaker, flashing light, electric winches, davits, a small deck bar, anchor with chain, another anchor, tool box, sprayhood, hard top, sun shade/auxiliary bridge, sun shade/stern, bathing ladder, pulpit, pushpit, hot/cold deck shower, dinghy, manual crane for dinghy, gas hob, oven, refrigerator, sink, table in the cockpit, tanning mat, satellite phone, the CD-player, EPIRB, fire extinguisher system, life raft, life jackets, life ring, dan buoy, emergency tiller, fog horn, radar reflector, flag, portable searchlight, tow rope, emergency beacon, hiking first aid kit, life belt, distress, pocket lamp, one mast, boatswain's chair, mainsail, folding sails, reefing devices, towel, dishes, linens.

Charter possibilities:
Week charter, day charter, weekend charter, only one way charter is available, no pets.
Carter cost:
Week: 2 500 - 4 500 €
Boat/day: 600 - 1 500 €
Boat/weekwnd: 900 - 1 800 €
Skipper: bareboat charter or with skipper
Skipper price: 150 € Pledge, deposit: 1000 €
Final cleaning: 150 € (compulsory)
Underwater motor for boat: included into charter price
Bed linen / towels: included into charter price
Dinghy: included into charter price
Rescue raft: included into charter price
Day of departure: flexible

Additional possibility for a yacht charter:
fishing, exclusive yacht charter, adventure

About agency
CypRuss Properties company provides its customers with a full range of short- and long-term rent, as well as purchase of various properties and land lots for construction in Cyprus.