Cyprus
Minimum Investment
€300,000 Real Estate
Time to Residency
4-5 Months
Visa-free Access
1 Countries
Minimum Investment
Time to Residency
Visa-free Access
As of 2016, the government of Cyprus allows applicants to obtain a permanent residency by investment.
To qualify, you are required to be over 18 years of age, in good health and without a criminal record.
Additionally, you are required to deposit capital in a financial institution in Cyprus, which will be pledged for 3 years.
You are also required to make a real estate purchase and provide proof of a secure annual income for yourself and all dependents.
As a resident of Cyprus, you and your family can freely reside in the country.
As residents, you and your family will have access to the best universities and schools, and world-class healthcare.
Cyprus has one of the lowest taxation rates in Europe, with no foreign income tax, inheritance tax and withholding tax on interest earned.
If requirements are met, this residency program can lead to Cypriot citizenship.
You can register a company or be a shareholder in any Cypriot company.
Cyprus allows dual residency, permitting you to keep your existing nationality and any other residencies.
Applicants must prove that they have made the following investments
The applicant should prove a designated income for themselves and an additional amount for each dependent. An applicant may purchase up to 2 residential units (apartments or houses), or 1 residential unit and 1 shop with an area of up to 100m² or 1 residential unit and an office with an area of up to 250m². Residences or apartments may be independent of each other, but both must be sold by the same company. The property must be new (not a resale).
The expected timeframe for the application process is 4-5 months. The first stage of the document collection can differ in length depending on the applicant’s ability to gather the documents. Our team guides this process with samples and best practice advice. The reviewal stage is subject to the respective Government schedule and can be impacted by factors which we, as authorised agents have no control over. We collaborates with the Government throughout the entire process, and we aim to provide the quickest and smoothest experience for the applicant.
We will pre-screen your passport copy for government pre-approval. A down payment of the professional fees is required to open your application. The response is in 24-48 hours.
We will provide assistance and advice with regards to the collection of the documents required in the checklist for the Cyprus Visa application. A Meeting is then set up with dedicated Attorneys in Cyprus so that a “Power of Attorney” mandate is signed in the presence of a certifying officer.
We will assist in the opening of a Cypriot bank account.
We will guide you to the Cypriot property that fully satisfies your requirements (€300,000) and start preparing the property purchase documentation required to be presented for the Permanent Residency application. An initial payment of at least €200,000 must be made.
Once the sale agreement for the purchase of your property is signed and all other relevant documents gathered, the Permanent Residency application will be filed with the Migration Department. Approval can be expected within two months, and Permanent Residency is granted provided all requirements have been met.
Once the Permanent Residency Permit has been granted, the applicant must visit Cyprus within one year to obtain the actual permit and passport stamps. The remaining 50% our fees are paid.