CYPRUS

cyprus

CYPRUS GOLDEN VISA RESIDENCY

The Cyprus Residence by Investment Program, also known as the Cyprus Permanent Residency Program, allows non-EU nationals to obtain permanent residency in Cyprus by making a qualifying investment. This program is particularly attractive due to its straightforward process, low minimum stay requirements, and access to the EU.

Igmigration

Salient Benefits of the Program

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Visa-Free Travel

Access to the Schengen Area for up to 90 days within 180 days.

Family Inclusion

Spouse, children under 25, and dependent parents can be included in the application.

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Permanent Residency

Indefinite right to live, work, and study in Cyprus.

Pathway to Citizenship

After seven years of residency, applicants may apply for Cypriot citizenship (subject to additional requirements).

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Low Minimum Stay Requirement

Only one visit to Cyprus every two years is required to maintain residency.

Tax Benefits

Cyprus offers a favorable tax regime for residents, including low personal and corporate tax rates.

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Investment Options

Option 1

Real Estate Investment

  • Minimum Investment: €300,000 (excluding VAT) in residential or commercial property.

  • Types of Property: Apartments, houses, offices, or land.

  • Conditions: The property must be new (not resale) and purchased from a registered developer.

Option 2

ICombination of Real Estate and Other Investment

  • Minimum Investment: €300,000, which can include a mix of real estate and other qualifying investments, such as:

    • Shares in Cypriot companies.

    • Units in Cypriot investment funds.

    • Government bonds.

  • Conditions: At least €200,000 must be invested in real estate.

Option 3

Investment in a Cypriot Business

  • Minimum Investment: €300,000 in a Cypriot company that employs at least five Cypriot or EU citizens.

  • Conditions: The business must be operational and contribute to the Cypriot economy.

Option 4

Alternative Investments

  • Bank Deposit: A €300,000 deposit in a Cypriot bank for at least three years.
  • Conditions: The deposit must be held in a personal account and cannot be withdrawn during the three-year period.

Processing Time and Fees

  • Processing Time: The application process typically takes 2 to 3 months from submission to approval.
  • Government Fees: Approximately €500 for the main applicant and €50 for each dependent.
  • Additional Costs: Legal fees, due diligence fees, and property-related costs (e.g., VAT, stamp duty).

Answers to frequently asked questions

The minimum investment required is €300,000. This can be made through purchasing real estate, investing in a business, or a combination of qualifying investments.

Yes, the program allows you to include your spouse, children under 25, and dependent parents in the application. There is no additional investment required to include family members.

No, there is no minimum stay requirement to maintain your Cyprus residency. You only need to visit Cyprus once every two years to keep your residency status active.

If you sell your investment (e.g., real estate), you will lose your residency status unless you replace it with another qualifying investment of at least €300,000. The residency permit is tied to the investment, so it must be maintained to retain the benefits.
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