EUR €300,000+
Minimum Investment Amount3-6 Months
Average Obtaining Period5 years
Return of InvestmentCyprus pathway to Residency Overview
Cyprus used to boast two Golden Visa programs, one aimed at Citizenship and another at Permanent Residency. In 2020 the former was dissolved, though the latter remains as Cyprus’ only Golden Visa program. Officially known as the Cyprus Immigration Permit for Investors, this program is open to nearly all non-EU nationals. It provides a quick and efficient way of obtaining Residency status in Cyprus, a European Union country, in exchange for an investment of €300,000 in the country.
Citizenship becomes achievable after five years.
How to get the Cyprus Golden Visa and become a Resident
Investment immigration initiatives in Europe, such as Golden Visa programs, tend to have an extensive list of requirements and documents, and Cyprus is no exception. For instance, you must first open a bank account in Cyprus and transfer the investment funds. They must come from abroad and from legitimate sources, either from your account or your spouse’s. Certified copies of passports, a clean criminal record, proof of healthcare insurance, and in cases of property acquisition, documents such as the title of ownership or contract of sale, including proof of payment, are only some of the documents you will be expected to provide. Furthermore, you will need to exhibit proof of annual income of at least €50,000, though this amount may increase depending on the amount of family members added to the application.
Contact our team of expert advisors today to receive the best help in obtaining Residency in Cyprus through the Golden Visa program.
Benefits of Cyprus Residency
Residency in Cyprus
Make Cyprus your safe haven, perfect for a Plan B. With Permanent Residency status, you can enter Cyprus at any time. Even if the country closes its borders, you can still access the country.
Family Inclusion
You can extend all the benefits of Cyprus Residency to your nuclear family members. The program enables you to bring your spouse and children up to 18 or until 25, provided they meet certain criteria.
Path to Citizenship
The usual path to Citizenship takes seven years of Permanent Residency, though the Cyprus Golden Visa fast-tracks this process. After five years of legal residency, you become eligible to apply for Citizenship and the Cypriot passport.
Tax Benefits
The Cypriot taxation system is among the most attractive in Europe, with low rates on income and property taxes. There is no tax on inheritance, and the country boasts one of the lowest corporate tax rates in the EU.
Access to a Higher Standard of Living
As a country in the EU, Cyprus boasts a higher standard of living, including infrastructure, healthcare, and education. With Cypriot Permanent Residency status, the process of unlocking visas to the rest of the world, including the EU’s Schengen Area, becomes much easier and faster.
Minimal Requirements
Though there are benefits to making Cyprus your legal residence, the Cyprus Golden Visa does not require you to do so. To keep the status, you only need to visit the country once every two years. There are also no language requirements to apply for the Cyprus Golden Visa.
Investment Options for the Cyprus Golden Visa
Though there are other ways from which the Cyprus Golden Visa can be obtained, investing and purchasing Real Estate is by far the best and most profitable option.
