Completed cases

Result: At the time of the inquiry, the client already had a registered and operating company in Cyprus that accumulated profits and was able to distribute dividends. He was prepared to invest the received dividends in purchasing real estate but encountered a legal nuance: under the Cyprus permanent residency program via property purchase, the property must be paid for from a bank account opened outside Cyprus. This requirement excludes the possibility of direct transfers from local corporate accounts. To comply with immigration rules, we proposed a legal scheme that allowed the client to lawfully use the already earned funds. Following our recommendation, the client opened a personal account in a foreign bank (in this case, in the Kyrgyz Republic), into which part of the company’s profits was officially paid as dividends. These funds were then used to pay for the property in Cyprus directly from abroad, ensuring strict adherence to the conditions of immigration category 6.2. After successfully completing the transaction and bank compliance, the application for permanent residency based on property purchase in Cyprus was prepared and submitted. The entire case was completed within about two months and included document preparation, legal support of the deals, and coordination with banks in two jurisdictions. The application for permanent residency was submitted within the established deadlines, fully complying with legislative requirements. We continue to support the client by ensuring the updating of his immigration status and adherence to all residency regulations.

Result: Initially, the client purchased an off-plan apartment in Paphos with the intention of applying for permanent residency under category 6.2. However, difficulties arose during the bank compliance process, which temporarily delayed the application. Meanwhile, the client acquired a second property in Limassol that met the technical requirements for residence and successfully submitted documents for permanent residency under category 6.2. The client also owned a third property — a residential house for personal use. Several months later, the client returned with the intention of obtaining permanent residency for his father without purchasing new real estate. However, under the current legislation, it was not possible to use the previously purchased apartment in Paphos in its original form, since the funds for its purchase came not from the applicant but from his son. This violates one of the key criteria of immigration category 6.2: payment must be made directly by the person applying for permanent residency. We proposed an alternative solution — restructuring the previously concluded deal. We initiated the cancellation of the original sales contract and simultaneously prepared a new contract for the same property — this time in the name of the client’s father. All necessary bank compliance procedures were organized in Cyprus, ensuring the legal transfer of payment from the father’s side. The developer refunded the previously paid amount to the client’s bank account, maintaining transparency of operations for both parties. The new contract and payment from the father became the basis for submitting the permanent residency application in Cyprus. Thanks to this strategy, the client not only avoided purchasing additional real estate but also legally used an already acquired asset to obtain permanent residency for his parent in Cyprus. The entire process — from legal structuring of the deal to submitting the file to immigration authorities — took about four months.

Result: As a result of the analysis of the current migration policy of Cyprus, an alternative legally verified route was proposed: transfer of one of the family members (mother) from investor permanent residence to the status of an employee of a Cypriot company. On our recommendation, the client changed her status from a dependent family member to a work visa, which opened the way to naturalization in 4 or 5 years. Now the client is in the process of passing the Greek language exam, and she is also actively preparing to submit an application. Thanks to our strategy, the family will retain permanent residence, the child will automatically receive a Cypriot passport, and the spouse will be able to apply for naturalization in 3 years without the need to confirm language proficiency. Comprehensive support allowed us to maintain resident status, adapt to changes in the law and build a clear, legal path to citizenship for the entire family.