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

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

Emaar Boulevard Plaza, Tower 1, Office 3003, Burj Khalifa District, Downtown Dubai

T: +971 4 330 0269

M: +971 52 252 1111

E: ask@IRCinvest.com