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Cyprus Business Now
August 12, 2022
Association of Large Investment Projects president Andreas Demetriades this week said that there are still issues related to Cyprus’ permanent residence programme and asked for the Interior Ministry to “immediately find solutions”.
Demetriades, who is also the vice president of the Cyprus Chamber of Commerce and Industry (Keve), said that based on the provisions of the programme, third country nationals who make investments worth €300,000 are entitled to a residence permit within a period of two months.
However, Demetriades said that “when someone goes out of their way to arrange a meeting to submit that application, it takes four to five months to set up an appointment with the relevant officer to submit their application”.