Residency >> Cyrus

Cyprus Residence by Investment Programme

The Cyprus Residence by Investment Programme* presents a lucrative opportunity for individuals seeking to establish a new home in the enchanting Mediterranean.

By making a qualifying investment in real estate, government bonds, or businesses, one can secure their residency status and gain access to the European Union.

This programme offers a gateway to a plethora of benefits, including a dynamic business environment, favourable tax regime, and a high standard of living.

Summary

MINIMUM INVESTMENT

€300,000

RESIDENCY REQUIREMENT

AFTER TWO YEARS, THEN FOR CONSECUTIVE THREE-YEAR PERIODS

TYPE

RESIDENCEY

PROCESSING TIME

2 MONTHS

The Cyprus Residence by Investment Programme offers many benefits, including:

  • The right to study and live in Cyprus
  • Limited residence requirement
  • High approval rate and efficient processing
  • Access to high-quality education
  • Ability to include spouse and children under 25 years

Residence by Investment in Cyprus is available through one of four options:

  1. Purchase up to two new immovable residential properties of a total market value of at least EUR 300,000 plus VAT, with the option to purchase from two different developers.
  2. Purchase up to two new or used immovable non-residential properties (offices, shops, hotels, or other developments) of a total market value of at least EUR 300,000 plus VAT.
  3. Invest EUR 300,000 in the share capital of a physical company registered and operating in Cyprus, which employs at least five people.
  4. Invest EUR 300,000 in units of the Cyprus Investment Funds Association’s collective investments (AIF, AIFLNP, RAIF).

Additionally, applicants must provide supporting evidence of a secured annual income of at least EUR 50,000 deriving from abroad (an additional EUR 15,000 is required for each dependent spouse and EUR 10,000 for each minor child).

Cyprus’ Residence by Investment application process consists of six steps:

  • Step 1: Initial due diligence checks are conducted, and client agreement is entered into.
  • Step 2: Full application with all documents is submitted to the Government.
  • Step 3: Biometrics are captured (depending on the client, these could be taken before, during or after the application submission at the migration office in Nicosia.
  • Step 4: Application approved within two months.
  • Step 5: Applicant and family visit Cyprus within one year to obtain the residence permit.
  • Step 6: Cypriot residence permit is granted.

 

Who is eligible to apply?

Investors wishing to apply for Cypriot residence must:

  1. Submit clear criminal record certificates from the country of origin and country of residence every three years (also applicable for all adult dependents).
  2. Provide an official statement confirming non-employment (not applicable to applicants who are directors of a company they have invested in).
  3. Fulfil the investment requirements for the Programme.

Which family members can I include in my application?

The following family members are eligible to join the investor:

  • Spouse aged 18 or over
  • Children under the age of 25 years

Is there a physical presence requirement?

Investors must visit once every two years.

How long does the application take to process?

From submission of an application, the application can take between two months to process.

What is the duration of the residence permit?

Successful applicants are eligible to apply for Cypriot citizenship after five years of residence.

Is this programme for me?

The following persons may be a good fit for the Programme:

  • Businesspersons and entrepreneurs seeking to locate their business interests in Cyprus.
  • High-net-worth individuals who wish to broaden their global footprint.
Book a free first consultation with one of our experts and discuss your individual requirements. Book A Consultation
*Residency by investment programme requires a financial investment into the country.

Download factsheet