Cyprus Residency

Cyprus, with its stunning beaches and Mediterranean climate, entices non-EU nationals seeking permanent residence with its modern economy, transparent regulations, and favorable tax regime, offering a streamlined path to residency and citizenship within five years through its Permanent Residency Program, making it an excellent choice for international real estate investments and prime residence location.

Cyprus, boasting stunning beaches and a tropical Mediterranean climate, attracts non-EU nationals as an ideal destination for permanent residence. Its modern, service-based economy, along with a transparent regulatory framework, instills confidence in international investors. Ranked 54th on the World Bank’s Ease of Doing Business Index 2020, Cyprus offers a favorable tax regime and high living standards. Its Permanent Residency Program provides a streamlined path to residency and citizenship after five years, making it an attractive option for relocation.

Processing Time

Up to 2 Months

Investment Requirement

€ 300,000 minimum investment

Key Benefits of Cypriot Golden Visa

• The application process operates very efficiently, usually completed in no more than two months
• The right to live and study in Cyprus
• Eligible to apply for citizenship after 5 years
• It is not necessary to reside in Cyprus, but a visit once every two years is required
• Families can enroll their dependents in high-quality private schools that offer English language courses
• Residence applies to the main applicant’s spouse, children under 25 years, parents, and parents-in-law of the principal applicant for a Regulation 6(2)

Golden Visa Requirements

• To qualify for the program, you have several options for investment. The minimum investment in all of these options is €300,000. These include:
• Investment plus VAT in a new property. Your application must include the purchase agreement and proof of payment for at least EUR 200,000 plus VAT. You must submit the sale arrangement to the Cyprus Department of Land and Surveys. If purchasing through a company, you must be the sole shareholder, and the company must be registered in your or your spouse’s name.
• Purchasing up to two non-residential properties, such as offices, shops, hotels, or other new or used developments
• Investing in the share capital of a physical company registered and operating in Cyprus, which employs at least five people.
• Placing investment in The Cyprus Investment Funds Association offers units (AIF, AIFLNP, RAIF).

Procedure to Obtain Cypriot Golden Visa

To apply for a permit in Cyprus, you must submit a fee of EUR 500 and an additional EUR 50 for biometric capturing. The Civil Registry and Migration Department will review your application and forward it to the Ministry of Interior’s permanent secretary for a decision. You can anticipate receiving a response within two months. If your application receives approval, you and your family must visit Cyprus within a year to obtain the permit.

If you are in Cyprus and seeking residence, you must personally visit the migration office in Nicosia to provide your biometric data. This requirement applies to all family members included in the application. You can submit your biometric data either during the residence application process or after your application gets approved.

If you would like to learn more about the Cypriot Golden Visa, please don’t hesitate to contact us at Tsavorite as we would love to connect with you.