Obtain Cypriot Permanent Residency By Investment In 2024

Boasting stunning scenery, spectacular beaches, excellent affordability and high-quality living, Cyprus ticks a lot of boxes – both as a Plan B and Plan A destination.

In addition,  the Cyprus Golden Visa is one of only four European residency by investment programs offering permanent residency (PR) status right from the start.

(Malta (MPRP), Gibraltar (Category 2 HNWI Residency) and Russia (Russian Golden Visa) are the only other countries to offer immediate PR by investment.)

In addition, with eligible property investments priced from only €300,000, the Cypriot Golden Visa is also Europe’s most affordable permanent residency by investment program in 2024.

Find out more about the program below, or contact us now to discuss your options.

Benefits Of  The Cyprus Golden Visa Program

EXCELLENT VALUE OPTION

Eligible real estate investments priced from only €300,000 – and you can mix and match commercial resale and new/off-plan residential properties.

LOW MINIMUM STAYS

You only need to visit Cyprus once in every two-year period in order to renew your permanent residency permit(s).

FAMILY ELIGIBILITY 

Your spouse, children under 18 and financially dependent adult children are also eligible to be included in your Cypriot Golden Visa application.

IMMEDIATE FAMILY REUNIFICATION

Unlike as in Portugal – where family reunification can take years – you and your family can travel to and live in Cyprus from the get-go.

IMMEDIATE PERMANENT RESIDENCY

Unlike in Portugal, Greece, Spain and Italy, your Cypriot residency status is immediately permanent – NOT temporary first.

FASTEST APPLICATION
PROCESS

Obtain Cypriot permanent residency in as little as 60 days with one of the fastest Golden Visa programs in Europe.

Cyprus Golden Visa Investment Options (2024)

Option 1: €300,000

New Residential Real Estate
(Category A)

Buy a new (first-time / non resale) residential property – or up to two properties from the same developer – worth at least €300,000 (plus 19% VAT).

The principal must have originated from abroad, i.e. not from domestic borrowing or commercial activity in Cyprus.

Option 2: €300,000 

New OR Resale Commercial Property (Category B)

Buy a new OR resale commercial property – or up to two properties – worth €300,000+ in total (i.e. hotels, retail spaces, offices, or a combination).

Unlike with Category A, the applicant’s income may derive from business activities in Cyprus. Evidence of accommodation, either owned or rented, is required.

Option 3: €300,000

Share Capital Investment (Category C)

Invest €300,000+ in the share capital of a Cypriot company with at least five employees and a proven physical presence (i.e. economic substance).

Applicant income may derive from commercial activity in Cyprus.

Option 4: €300,000

Cypriot Fund Investment (Category D)

Invest  €300,000+ in a Cyprus Investment Fund, AKA a Cyprus Collective Investment Organization (e.g. RAIF, AIF, AIFLNP).

Applicant income may derive from commercial activity in Cyprus.

The investment must be held (or replaced with another eligible investment) for as long as the permanent residency status is active. Failure to comply with this program requirement will lead to your residency permit being cancelled.

What are the key Cyprus PR program requirements and considerations?

Minimum Capital Requirement €300,000 (excluding VAT on Category A Investments: New Residential Units)
Family Member Eligibility Spouse: Yes;

Minor Children: Yes;

Qualifying Dependents Aged 18-25: Yes, IF:

Unmarried and financially dependent on main applicant, AND;

Enrolled in tertiary studies abroad, AND;

Main applicant has an additional annual income of €10,000 for each dependent.

Annual Income Requirement (2024)

This requirement must be met on a continual basis.

Main Applicant: €50,000+;

Spouse: €15,000+;

Per Minor Dependent: €10,000+

Per Qualifying Dependent Aged 18-25: €10,000+

Health Insurance Until Citizenship Status Is Attained Yes – Required
Clean Criminal Record Required  Yes – For all adult applicants in their country of origin OR residency, if this differs
Additional Investment Required For Non-Dependent Adults Over 25 €300,000 (excluding VAT on Category A Investments: New Residential Units)
Minimum in-country presence requirements  One visit every 2 years
Freedom Of Movement Limitations: Cyprus Golden Visa Holders Only Cypriot citizens can live, work and study across the EU without restrictions: Cyprus Golden Visa holders (i.e. Cypriot Permanent Residents) must first naturalize before they can enjoy these privileges.

Path to Cypriot Citizenship And A Passport?

Yes – After 7 years of residency.
Dual Citizenship Status Recognized? Yes

The application process at a glance

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  1. Contact us and book a discovery call with your case consultant

  2. Sign term sheet and commence application process

  3. Initial client due diligence screening

  4. Purchasing of eligible Cypriot real estate / other eligible investment

  5. Compilation of client case file and supporting documentation

  6. Submission of client application to the Cypriot immigration authorities.

  7. Receipt of Golden Visa approval notification, and residency cards issued.

Why Choose To Work With Our In-Country Specialists In Cyprus?

THE Cyprus Golden Visa experts based in Nicosia

✓ A dedicated team of multilingual professionals

✓ A track record of success spanning over 10 years

✓ Over 500 immigration clients successfully assisted

✓ 100% success rate for Cyprus Golden Visa applications.

What our clients are saying about us…

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Secure instant European Residency By Investment with a Cypriot Golden Visa from only €300,000. Get in touch for more information, or apply now.

Contact us today to get your application started online.

Simply complete the below form and one of our expert consultants will get back to you. We look forward to being of service and helping you make your Cypriot Plan B dreams a reality in 2024.

    Cyprus Golden Visa overview for 2024 compiled by…

    Andre Bothma Author
    Born in Cape Town, South Africa, Andre is a seasoned digital entrepreneur with extensive experience working in the demand-side of the Residency and Citizenship By Investment industry. He has been writing about Golden Visas, Citizenship By Investment and investment migration programs for over six years, and has frequently written and been interviewed by industry-leading RCBI publication, IMIDaily.com. Andre is a D7 Visa holder and Portuguese resident himself. Having identified a gap in the market for affordable European immigration solutions outside of Golden Visas, he launched D7 Visa to help more foreign individuals and families settle in Europe without the need for property investment. Andre is a regular contributor to the pages of Sovereign Man, a leading international diversification publication catering to a global audience. He is also one of the earliest global promoters of the HQA Visa Program and the Cultural Golden Visa program (Portugal) as well as the Hungarian Golden Visa. Andre spends half his time in Porto, Portugal.
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