Obtain Cypriot Permanent Residency By Investment In Just 4-6 Months With The Nicosia Based Program Experts…
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.
Find out more about the program’s benefits below, or contact us now for a free consultation.
- Cyprus Population: 1.251 million (2022)
- Official Languages: Greek and Turkish
- Capital: Nicosia
- Currency: Euro
- Official Program Guidance: Click Here.
WHAT OUR CLIENTS ARE SAYING…
The Cyprus Golden Visa is one of only three European Residency By Investment programs offering permanent residency (PR) status right from the start.
(Malta (MPRP) and Gibraltar (Category 2 HNWI Residency) are the only other countries to offer immediate PR by investment.)
In addition, with eligible new property investments priced from only €300,000, the Cypriot Golden Visa is also one of Europe’s most affordable permanent residency by investment program in 2024.
Offering a sunny Mediterranean climate, a thriving expat community, sumptuous cuisine, and attractive tax benefits, the country’s Golden Visa is increasing in popularity among location independent entrepreneurs and expat retirees alike.
In addition, Cyprus’ Parliament is currently debating reducing the minimum investment amount to just €250,000, which would make the program tie on price with both the Hungarian Guest Investor Residency and the Greek Golden Visa’s new Conversion Property Option. However, if these changes are approved as is, applicants will have to prove earning an income of €40,000 or more per year.
(We’ll publish any official program updates as and when they become available.)
Find out more about the program below, or contact us now to discuss your options.
And if you’re here because you were looking for the now-defunct Cyprus Citizenship By Investment Program, be sure to get in touch – there are other 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 |
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Contact us and book a discovery call with your case consultant.
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Initial client due diligence screening.
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Sign term sheet and commence application process.
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Purchasing of eligible Cypriot real estate / other eligible investment.
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Compilation of client case file and supporting documentation.
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Submission of client application to the Cypriot immigration authorities.
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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…
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…
