Cyprus Residence Permit for a Couple with Children - the Way to a Comfortable Life on the Island

Alexander and Olga P., a married couple from Moscow, aged 42 and 39, approached GARANT.in in January 2024 to apply for migration status in Cyprus. They have two children: their eldest son Maxim, who recently turned 13, and their youngest daughter Anna, an eight-year-old elementary school student.

Alexander is a successful entrepreneur who has been running his own IT company for over 15 years. His company specializes in developing software for business process automation. With a solid reputation in both the Russian and international markets, Alexander aims to expand his influence into Europe.

Olga manages family affairs, organizes charitable events, and participates in projects aimed at supporting children. She dreamed of living in Cyprus, where their children could grow up in a comfortable and safe environment, and where she could dedicate more time to community activities.

The objective of the Request

The P. family sought Cypriot residency to achieve several key goals:

1. Comfortable Living in a Safe Country. Cyprus is renowned for its high level of safety and favorable environment for raising children. Alexander and Olga wanted to ensure a stable future for their family.
2. Access to Quality Education for Their Children. Their son Maxim needed to enroll in an international school with an advanced English curriculum to eventually qualify for the world’s best universities. For their daughter Anna, the family sought a modern school with a creative focus.
3. Business Expansion. Alexander planned to establish a branch of his IT company in Cyprus to access the European market, benefit from local tax incentives, and attract new partners.
4. Investment in Real Estate. The family aimed to invest in liquid real estate that could generate rental income and appreciate in value over time.
5. Freedom to Travel. Obtaining residency would allow Alexander and Olga to travel freely across Europe, which was important for both business and leisure.

Consultation and Planning

After analyzing the family's needs, GARANT.in specialists recommended pursuing not just Cypriot residency but permanent residency (PR) through real estate investment. This program perfectly aligned with the family’s objectives and offered the following benefits:

• Residency Status for the Entire Family. PR automatically extended to the spouse and both children, simplifying the relocation and integration process.
• Quick Application Process. The PR process typically takes 1–2 months, enabling the family to start their new life swiftly.
• Real Estate Investment. Clients could choose a liquid property suitable for both living and renting.
• Favorable Tax Conditions. Cyprus offers one of the most advantageous tax systems in Europe, which was particularly beneficial for Alexander’s business.
• World-Class Education and Healthcare.Access to international schools and modern medical facilities made Cyprus an ideal location for family living.

Additionally, the consultation emphasized Cyprus's cultural and climate advantages. The mild weather, stunning nature, and friendly atmosphere made it perfect for family life.

Following the consultation, the clients were fully confident in their decision and signed a cooperation agreement with GARANT.in.

Document Preparation and Process Organization

The GARANT.in team developed a detailed plan to account for the clients' specific circumstances and organize the process efficiently.

Analysis and Dossier Preparation

Legal experts conducted a thorough analysis of the family’s financial and professional situation. Key focus areas included documents proving:

• Financial stability of Alexander and Olga.
• Legitimacy of the family’s income and assets.
• Compliance with all Cypriot PR program criteria.

A tailored list of required documents and a step-by-step action plan were prepared to minimize the risk of rejection.

Document Collection

The extensive dossier for PR application included:

• Passports for all family members.
• Birth certificates of the children and the marriage certificate.
• Notarized bank statements proving sufficient funds to live in Cyprus.
• Registration documents for Alexander's IT company.
• Financial reports for the past three years.
• Income statements and tax payment confirmations.
• Medical insurance for the entire family covering potential expenses in Cyprus.
• Police clearance certificates for both spouses.

All documents were translated into English by a certified translator and notarized.

Property Selection

The family had specific requirements for their future home: a spacious house for comfortable family living, a swimming pool, and convenient transport links. Based on these preferences, GARANT.in’s local partners in Cyprus proposed several properties in Nicosia and Limassol.

After viewing the options, Alexander and Olga chose a spacious villa in Limassol. The house featured four bedrooms, modern design, a swimming pool, and a terrace with a sea view. The property was priced at €350,000, meeting the minimum requirements for Cyprus's PR program via real estate investment.

Transaction Organization

The purchase process was handled turnkey:

• Lawyers verified that the property was free of encumbrances and debts.
• The sale agreement was drafted and finalized in compliance with local laws.
• The property was registered with the Cypriot Land Department, and the family received a certificate of ownership.

Application Submission

In March 2024, GARANT.in completed and submitted the family’s PR application to the Cyprus Department of Migration. This included:

• Registering PR applications for each family member.
• Confirming payments for the property.
• Submitting financial documents proving stable income and business legitimacy.
• Providing police clearance certificates and health insurance details.

The legal team meticulously reviewed all documents to eliminate potential errors that could cause delays. Thanks to their professionalism, the process was completed smoothly and on time.

Results

PR Approval

In May 2024, Alexander, Olga, and their children successfully received Cypriot PR cards. This status granted them legal residence and the ability to travel freely within the Schengen Area. The application process was efficient and hassle-free, thanks to GARANT.in’s expert support.

Life in Cyprus

The family settled in Cyprus, enjoying a high standard of living and a favorable climate. Their new status enabled legal residency and seamless European travel, simplifying both leisure and business plans.

Children’s Education

Maxim enrolled in one of Limassol’s top international schools, where the curriculum focuses on English proficiency and leadership development. The school’s globally recognized programs prepared him for university admissions. Anna began attending a primary school specializing in foreign languages, providing early exposure to English and other languages.

Business and Investment

Alexander established a branch of his IT company in Cyprus, benefiting from favorable taxation and strengthened access to the European market. The villa in Limassol also became a source of income, as the family rented it out during their travels, ensuring a steady return on investment.

Enhanced Quality of Life

The family enjoys Cyprus's many advantages: a mild climate, clean sea, high-quality healthcare, and a secure environment. Alexander and Olga note how easily work, family life, and leisure blend on the island, while their children thrive in the new setting.

Client Feedback

"GARANT.in exceeded all expectations. We didn’t anticipate such a smooth and quick process. Now, we have a home in Cyprus, where our family enjoys life, and my business is expanding in the European market. Special thanks for the professionalism, precise execution, and attention to our needs!"

— Alexander and Olga P.

Ready to obtain PR in Cyprus or another EU country? GARANT.in’s team is here to assist at every stage. We provide professional support, tailor solutions to individual needs, and make the process as seamless as possible. Contact us today to begin your journey toward a new life and open up new opportunities for you and your family!