Cyprus
Cyprus, with its beautiful beaches and mild Mediterranean climate, is an ideal destination for non-EU nationals seeking permanent residence. The island combines modern living with rich cultural heritage and offers a strategic location for international travel. A favorable tax system and stable politics further enhance its appeal for long-term settlement.
Residence by Investment Overview
The Cyprus Golden Visa enables foreign nationals to take advantage of the country's affordable living costs, absence of inheritance tax, and the lowest crime rates in the EU. Additionally, it grants access to a high-quality healthcare system and top medical facilities.
Investment
Minimum investment of EUR 300,000
Processing Time
Processing time of two months
Key Benefit
low living costs, favorable taxes, top healthcare, safety, strategic location, fast-track residency, and access to quality education
Cyprus Permanent Residence Program
To boost foreign investment and support economic growth, the Cypriot government, under Regulation 6(2) of the Aliens and Immigration Regulations, permits the Ministry of Interior to grant residence permits to non-European nationals who plan to invest in the country.
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.
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 five years of residence.
Cyprus Golden Visa requirements
To qualify for residency, applicants must meet the following criteria:
Investment Options:
Purchase up to two new residential properties with a total value of at least EUR 300,000 plus VAT, with the option to buy from different developers.
Purchase up to two new or used non-residential properties (such as offices, shops, hotels, or other developments) with a total value of at least EUR 300,000 plus VAT.
Invest EUR 300,000 in the share capital of a Cyprus-registered physical company that employs at least five people.
Invest EUR 300,000 in units of collective investments under the Cyprus Investment Funds Association (AIF, AIFLNP, RAIF).
Income Requirement:
Provide evidence of a secured annual income of at least EUR 50,000 from abroad, with an additional EUR 15,000 for each dependent spouse and EUR 10,000 for each minor child.
Additionally, applicants must:
Submit clear criminal record certificates from both their country of origin and residence every three years (required for all adult dependents as well).
Provide an official statement confirming non-employment (not required for applicants who are directors of a company in which they have invested).
Procedures and time frame of the Cyprus Golden Visa
Cypriot residence applications must include completed forms, the appropriate fees, and supporting documents. Approved applicants must annually submit proof of maintaining their investment and evidence of health insurance if they are not covered by the General Healthcare System. Acceptable foreign income sources include salaries, rent, pensions, interest on deposits, and dividends from shares.
The processing time for applications is two months.
Cyprus residence by investment program frequently asked question
What is the Cyprus Permanent Residence Program?
The Cyprus Permanent Residence Program offers residency to individuals and their families in exchange for substantial economic investments in the country.
What is the Cyprus Permanent Residence Program?
The Cyprus Permanent Residence Program offers residency to individuals and their families in exchange for substantial economic investments in the country.
What are the benefits of obtaining Cypriot residence through investment?
Benefits include the right to live, work, and study in Cyprus, visa-free travel within the Schengen Area, and access to a favorable tax regime.
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?
The processing time is approximately two months.
Can family members be included in the Cyprus Permanent Residence Program application?
Yes, the main applicant can include their spouse, dependent children, and dependent parents in the 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, health insurance, a clean criminal record, and other supporting documents.
Is it possible to obtain Cypriot citizenship through the residence by investment program?
Yes, after maintaining residence for five 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.
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Trust Path Visas assists international clients in obtaining residence and citizenship under the respective programs. Contact us to arrange an initial private consultation
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