CYPRUS RESIDENCY

Permanent Residence by Investment Program

Cyprus offers a fast track option to obtain Permanent Residence status within 2 months. PR permit holders are free to enter and live in Cyprus without the need to obtain a visa, although they are not obliged to live in Cyprus. PR holders have the right to use all of the embassies in Cyprus to apply for a Schengen Visa, with processing times of 3 working days.

ADVANTAGES

  • A European Union (EU) member country.
  • One of the easiest countries to obtain residence.
  • Spouse, and any dependent children up to 18 years old can be included.
  • Safe living environment, a beautiful location with a great quality of life.
  • Permanent Residents can travel freely throughout all 26 Schengen countries in Europe.
  • Can apply for citizenship after 5 years permanent residence.
  • Can own companies in Cyprus and receive dividends
  • Opportunity to own Freehold property.
  • No inheritance or wealth taxes.
  • Low annual property taxes.

REQUIREMENTS

  • Must purchase a qualifying property in Cyprus.
  • Must have an overseas annual income of at least €30,000 plus €5,000 per year for each dependent.
  • Must deposit at least €30,000 in a Cyprus bank.
  • May not be an employee in Cyprus bank.
  • No criminal record.
  • In good health.
  • Must have acceptable Medical Insurance.

ADVANTAGES

  • A European Union (EU) member country.
  • One of the easiest countries to obtain residence.
  • Spouse, and any dependent children up to 18 years old can be included.
  • Safe living environment, a beautiful location with a great quality of life.
  • Permanent Residents can travel freely throughout all 26 Schengen countries in Europe.
  • Can apply for citizenship after 5 years permanent residence.
  • Can own companies in Cyprus and receive dividends
  • Opportunity to own Freehold property.
  • No inheritance or wealth taxes.
  • Low annual property taxes.

REQUIREMENTS

  • Must purchase a qualifying property in Cyprus.
  • Must have an overseas annual income of at least €30,000 plus €5,000 per year for each dependent.
  • Must deposit at least €30,000 in a Cyprus bank.
  • May not be an employee in Cyprus bank.
  • No criminal record.
  • In good health.
  • Must have acceptable Medical Insurance.

INVESTMENT OPTIONS

REAL ESATE INVESTMENT

The applicant must invest 100% of the specified investment.

  • An investment of at least €300,000 +VAT in a single residential property used as a permanent residence; or
  • Two residential properties providing the total value exceeds €300,000 +VAT; or
  • One residential property, plus a shop unit not exceeding 100 square meters providing the total value exceeds €300,000 +VAT; or
  • One residential property, plus an office unit not exceeding 250 square meters providing the total value exceeds €300,000 +VAT
  • The investment may be made personally or through a wholly owned company, or through a company owned jointly with the spouse of the applicant.

PROCESS

  1. Application submitted to the Civil Registry and Migration Department of Cyprus.
  2. Submission of supporting documents plus evidence of intended investment.
  3. Decision made within 2 months of completed application.

171 VISA-FREE TRAVEL COUNTRIES

Ranked 14th in 2018
* Visa on arrival ** eTA

  •   Albania
  •   Andorra
  •   Austria
  •   Belarus
  •   Belgium
  •   Bosnia & Herzegovina
  •   Bulgaria
  •   Croatia
  •   Czech Republic
  •   Denmark
  •   Estonia
  •   Faroe Islands
  •   Finland
  •   France
  •   Germany
  •   Gibraltar
  •   Greece
  •   Greenland
  •   Hungary
  •   Iceland
  •   Ireland
  •   Italy
  •   Kosovo
  •   Latvia
  •   Liechtenstein
  •   Lithuania
  •   Luxembourg
  •   Macedonia (FYROM)
  •   Malta
  •   Moldova
  •   Monaco
  •   Montenegro
  •   Netherlands
  •   Norway
  •   Poland
  •   Portugal
  •   Romania
  •   San Marino
  •   Serbia
  •   Slovakia
  •   Slovenia
  •   Spain
  •   Sweden
  •   Switzerland
  •   Ukraine
  •   United Kingdom
  •   Vatican City
  •   Bangladesh *
  •   Brunei
  •   Cambodia *
  •   Hong Kong (SAR China)
  •   Indonesia
  •   Japan
  •   Kazakhstan
  •   Kyrgyzstan
  •   Laos *
  •   Macao (SAR China)
  •   Malaysia
  •   Maldives *
  •   Nepal *
  •   Philippines
  •   Singapore
  •   South Korea
  •   Sri Lanka *
  •   Taiwan
  •   Tajikistan *
  •   Thailand *
  •   Timor-Leste
  •   Benin *
  •   Botswana
  •   Cape Verde Islands *
  •   Comores Islands *
  •   Djibouti *
  •   Egypt *
  •   Gabon *
  •   Gambia
  •   Guinea-Bissau *
  •   Kenya
  •   Lesotho
  •   Madagascar *
  •   Malawi *
  •   Mauritania *
  •   Mauritius
  •   Mayotte
  •   Morocco
  •   Mozambique *
  •   Reunion
  •   Rwanda *
  •   Sao Tome and Principe
  •   Seychelles *
  •   Somalia *
  •   South Africa
  •   St. Helena *
  •   Swaziland
  •   Tanzania
  •   Togo *
  •   Uganda
  •   Zambia
  •   Zimbabwe
  •   Cook Islands
  •   Fiji
  •   French Polynesia
  •   Kiribati
  •   Marshall Island
  •   Micronesia
  •   New Caledonia
  •   New Zealand
  •   Niue
  •   Palau Islands
  •   Papua New Guinea*
  •   Samoa
  •   Solomon Islands
  •   Tonga
  •   Tuvalu
  •   Vanuatu
  •   Anguilla
  •   Antigua and Barbuda
  •   Aruba
  •   Bahamas
  •   Barbados
  •   Bonaire; St. Eustatius and Saba
  •   British Virgin Islands
  •   Cayman Islands
  •   Curacao
  •   Dominica
  •   Dominican Republic
  •   French West Indies
  •   Grenada
  •   Haiti
  •   Jamaica
  •   Montserrat
  •   St. Kitts & Nevis
  •   St. Lucia
  •   St. Maarten
  •   St. Vincent and the Grenadines
  •   Trinidad & Tobago
  •   Turks & Caicos Isl.
  •   Argentina
  •   Belize
  •   Bermuda
  •   Bolivia *
  •   Brazil
  •   Canada **
  •   Chile
  •   Colombia
  •   Costa Rica
  •   Ecuador
  •   El Salvador
  •   Falkland Islands
  •   French Guiana
  •   Guatemala
  •   Honduras
  •   Mexico
  •   Nicaragua *
  •   Panama
  •   Paraguay
  •   Peru
  •   Uruguay
  •   Venezuela
  •   Armenia
  •   Bahrain *
  •   Georgia
  •   Iran *
  •   Israel
  •   Jordan *
  •   Kuwait *
  •   Lebanon *
  •   Oman *
  •   Palestinian Territory
  •   Qatar
  •   United Arab Emirates

GENERAL INFO

* As Cyprus is not part of the EU Schengen Agreement, holding residency only grants you the ability to live in the country without having visa free access to other countries. Once residency requirements for 7 consecutive years have been fulfilled, you will be allowed to apply for citizenship.

If the Cypriot Passport & Citizenship is granted to you, you will hold one of the strongest EU Passports, with visa free access to 171 countries, and the ability to live, work and open up businesses in any EU country.

APPLY NOW

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