Cyprus

Citizenship by Investment Overview

Investment

Minimum investment of EUR 300,000

Key Benefit

The right to live and study in Cyprus

Cyprus Permanent Residence Program

In line with the Cypriot government’s intention to increase foreign investment and to help its economic development, Regulation 6(2) of the Aliens and Immigration Regulations allows the Ministry of Interior to issue residence permits to applicants from non-European countries who intend to invest in the republic.

Benefits of a Cypriot Golden Visa

The application procedure is highly efficient, with a high approval rate if all criteria are satisfied.
It is not necessary to reside in Cyprus, but a visit once every two years is required.
Dependents can be enrolled in high-quality private schools offering English language courses.
Residence applies to the main applicant’s spouse and children under 25 years.
The whole process can be arranged without being present in the country, except for biometric capturing.
Successful applicants are eligible to apply for Cypriot citizenship after seven years of residence.

Cyprus Golden Visa Requirements

To qualify for residence, applicants must fulfill both of the following requirements:

Choose one of the following options:

Purchase up to two new immovable residential properties of a total market value of at least EUR 300,000 plus VAT, with the option to purchase from two different developers
Purchase up to two new or used immovable non-residential properties (offices, shops, hotels, or other developments) of a total market value of at least EUR 300,000 plus VAT
Invest EUR 300,000 in the share capital of a physical company registered and operating in Cyprus, which employs at least five people
Invest EUR 300,000 in units of the Cyprus Investment Funds Association’s collective investments (AIF, AIFLNP, RAIF)

Provide supporting evidence of a secured annual income of at least EUR 50,000 deriving from abroad (an additional EUR 15,000 is required for each dependent spouse and EUR 10,000 for each minor child).

In addition, applicants must satisfy the following requirements:

Submit clear criminal record certificates from the country of origin and country of residence every three years (also applicable for all adult dependents).
Provide an official statement confirming non-employment (not applicable to applicants who are directors of a company they have invested in).

Procedure for Cyprus Residence by Investment

Applications for Cypriot residence must include completed application forms and should be accompanied by the appropriate fees and supporting documents. Successful applicants must annually provide evidence of maintaining their investment and proof of health insurance if they no longer benefit from the General Healthcare System. The income derived from abroad may include employment salaries, rent, pension, interests on deposits, and dividends from shares.

Cyprus Residence by Investment Program Frequently Asked Question

What is the Cyprus Permanent Residence Program?

The Cyprus Permanent Residence Program grants residence to individuals and their families through significant economic contributions to the country.
What are the investment options available for the Cyprus Permanent Residence Program?

To qualify for residence, applicants must invest in real estate, a Cyprus-registered company, or applicable investment funds, and show an annual income of at least EUR 50,000 from abroad.
What are the benefits of obtaining Cypriot residence through investment?

Benefits include the right to live and study in Cyprus, low residence requirements, and an efficient application process.
What is the minimum investment required for the Cyprus Permanent Residence Program?

The minimum investment starts at EUR 300,000 for real estate purchases.
How long does it take to process an application for the Cyprus Permanent Residence Program?

Processing times for residence by investment applications may vary. Please contact us to find out more.
Can family members be included in the Cyprus Permanent Residence Program application?

Yes, the main applicant can include their spouse and dependent children in their application.
What are the residence requirements for the Cyprus Permanent Residence Program?

Applicants must visit Cyprus at least once every two years to maintain their residence status.
What documents are required for the Cyprus Permanent Residence Program application?

Required documents include a valid passport, proof of investment or contribution, a clean criminal record, an official statement confirming nonemployment (except for applicants who are directors of a company they have invested in), and other supporting documents.
Is it possible to obtain Cypriot citizenship through the residence by investment program?

Yes, after maintaining residence for seven years, investors may be eligible to apply for Cypriot citizenship.
What is the process for applying to the Cyprus Permanent Residence Program?

Applicants must make a qualifying investment, submit the application with the necessary documents, and undergo a due diligence process.

Country Information

Situated between three continents, Cyprus is an attractive tourist destination with an excellent geographical positioning.

Population:	1.3 million
Languages:	English, Greek
Economy:	Modern, service-based
Currency:	Euro

Living in Cyprus

Cyprus, with its warm and stable climate and convenient geographical position, is considered an attractive place for both business and residence. The investment landscape in Cyprus is beneficial due to the island’s well-qualified labor force and a reliable transport and telecommunications system.

Cyprus has a modern, free-market, service-based economy, where in conjunction with its effective and transparent regulatory and legal framework, it offers international investors and businesses the confidence to invest, grow, and prosper. Cyprus was ranked number 54 out of 190 countries on the World Bank’s Ease of Doing Business Index 2020. A number of new measures have been put into place to reboot the economy in the wake of the massive and difficult restructuring of the country’s banking sector. These measures are aimed, among other things, at helping to stimulate economic growth.

Explore Cyprus Real Estate Opportunities

Investing in international property opens the door to lifestyle benefits, portfolio diversification, and potential residence or citizenship opportunities.

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