Cyprus Residency

Cyprus

Cyprus is an attractive place in which to reside, has a warm and stable climate, and is located in a convenient geographical position in the Eastern Mediterranean.

In line with the Cypriot government’s intention to increase foreign investment and to help its economic development, Regulation 6(2) of the Aliens and Immigration Regulations has recently been simplified by the Ministry of Interior in order to issue residence permits to applicants from non-European countries who intend to invest in the republic, provided that the following requirements are met:

Cyprus Residency by Investment Programme:

  • Population: 1.20 million
  • Capita: Nicosia
  • Language: Greek, Turkish
  • Religion: Greek Orthodox, Muslim
  • Currency: EUR
  • GDP per capita: 34000$
  • Climate: Subtropical, Mediterranean
  • The main requirement is the purchase of new immovable property of a total market value of at least EUR 300,000 plus VAT. The applicant must submit the application form accompanied with a contract of sale and proof of payment of at least EUR 200,000 plus VAT. The contract of sale must have been submitted to the Cyprus Department of Land and Surveys. The property can also be bought by a company provided that the company is registered in the name of the applicant or the applicant and their spouse. They must also be sole shareholders.
  • The applicant must submit a confirmation letter from a Cyprus bank that they have deposited a minimum capital of EUR 30,000 from abroad into an account that will be locked for three years. After the expiration of this period, the money will be released without restrictions.
  • The applicant must provide supporting evidence of a secured annual income of at least EUR 30,000 deriving from abroad. This income must increase by EUR 5,000 for the spouse and every additional child and EUR 8,000 for each dependent parent. The income may include, for example, salaries from employment, rents, pensions, and dividends from shares.

Procedures and time frame

A fee of EUR 500 is payable with the submission of the application and EUR 50 extra for biometric capturing. The application will then be examined by the Civil Registry and Migration Department and will be submitted to a permanent secretary of the Ministry of Interior, who will make a decision within two months. Once approval has been granted, the applicant and all the members of the family must visit Cyprus within one year to obtain the actual permit.

When in Cyprus, a visit is organized to the migration office in Nicosia in order to capture the biometric data for all members of the family applying. The biometric data can be submitted either with the submission of the application for residence, during the application process, or immediately after approval.

Benefits of the Cyprus Permanent Residence Program

  • The application procedure is highly efficient, within two months.
  • There is a high approval rate if all criteria are satisfied.
  • It is not necessary to reside in Cyprus, but a visit once every two years is required.
  • Dependents can be enrolled in high-quality private schools, offering English language courses.
  • Residence applies to the whole family (applicant, spouse, and children under 18 years old).
  • Dependent children between 18–25 and parents of the applicant are also eligible.
  • The whole process can be arranged without being present in the country. However, a visit is required for biometric capturing.

REAL ESTATE INVESTMENT

A few examples of our real estate options for residency and citizenship investment.

Vista Townhouses $ 565,000.00

Vista Townhouses

$ 565,000.00

Luxury townhouses in a tranquil area overlooking the Mediterranean Vista is located in a prominent hillside residential suburb of Limassol with beautiful coastal views. It…

124 m² 2 beds
124 m² 2 beds

A perfect balance Aria Residences enjoys a privileged location in one of the most desirable residential suburbs of Limassol, with spectacular views of the Limassol…

105 m² 2 beds
105 m² 2 beds

The Grove Townhouses $ 350,000.00

The Grove Townhouses

$ 350,000.00

Modern elegance with Mediterranean design Surrounded by orchards and ensconced within landscaped gardens, The Grove comprises of two and three-bedroom townhouses. The contemporary designs are…

147 m² 3 beds
147 m² 3 beds

Domus Townhouses $ 335,000.00

Domus Townhouses

$ 335,000.00

Stylish apartments in a traditional village Domus is located in an elevated position within minutes walking distance of the picturesque hillside village of Tala. From…

122 m² 2 beds
122 m² 2 beds

Luxury residential residences in a desirable location Amaya Residences is located in a desirable location in the heart of Pafos Town, offering contemporary city living….

131 m² 3 beds
131 m² 3 beds

Amaya Residences is located in a desirable location in the heart of Pafos Town, offering contemporary city living. This luxury residential development consists of 1,…

140 m² 3 beds
140 m² 3 beds

CITIZENSHIP AND RESIDENCY PROGRAMMES

A selection of alternative residency and citizenship investment programmes to consider.

Malta

600 000 EUR Investment

Real Estate

EU Citizenship

Visa Free travel to 183 countries

Process Duration: 6 months

Montenegro

450 000 EUR Investment

Real Estate

EU Citizenship

Visa Free travel to 122 countries

Process Duration: 2 months

Cyprus

2 150 000 EUR Investment

Real Estate

EU Citizenship

Visa Free travel to 172 countries

Process Duration: 6 months

Moldova

100 000 EUR Investment

Real Estate

EU Citizenship

Visa Free travel to 119 countries

Process Duration: 6 months

Austria

250 000 EUR Investment

Real Estate

EU Citizenship

Visa Free travel to 185 countries

Process Duration: 24 months

Bulgaria

512 000 EUR Investment

Real Estate

EU Citizenship

Visa Free travel to 169 countries

Process Duration: 6-12 months

Turkey

250 000 EUR Investment

Real Estate

Middle East Citizenship

Visa Free travel to 110 countries

Process Duration: 2 months

Jordan

250 000 EUR Investment

Real Estate

Middle East Citizenship

Visa Free travel to 49 countries

Process Duration: 4 Months

Vanuatu

130 000 EUR Investment

Real Estate

EU Citizenship

Visa Free travel to 125 countries

Process Duration: 6 months

Saint Lucia

100 000 EUR Investment

Real Estate

EU Citizenship

Visa Free travel to 128 countries

Process Duration: 3 months

Saint Kitts & Nevis

200 000 EUR Investment

Real Estate

Caribbean Citizenship

Visa Free travel to 130 countries

Process Duration: 3-4 months

Grenada

150 000 EUR Investment

Real Estate

Caribbean Citizenship

Visa Free travel to 127 countries

Process Duration: 3-4 months

Dominica

100 000 EUR Investment

Real Estate

Caribbean Citizenship

Visa Free travel to 120 countries

Process Duration: 4 months

Antigua & Barbuda

200 000 EUR Investment

Real Estate

Caribbean Citizenship

Visa Free travel to 130 countries

Process Duration: 3-4 months

Residence by investment Programs

Explore the most popular residency by investment programs worlwide

Greece

250 000 EUR Investment

Real Estate

EU Residency

Visa Free travel to 172 countries

Process Duration: 6 months

Spain

500 000 EUR Investment

Real Estate

EU Residency

Visa Free travel to 129 countries

Process Duration: 6 months

Portugal

500 000 EUR Investment

Real Estate

EU Residency

Visa Free travel to 172 countries

Process Duration: 6 months

Australia

500 000EUR Investment

Real Estate

EU Residency

Visa Free travel to 183 countries

Process Duration: 6 months

Austria

250 000EUR Investment

Real Estate

EU Residency

Visa Free travel to 185 countries

Process Duration: 4 months

Cyprus

2 150 000 EUR Investment

Real Estate

EU Residency

Visa Free travel to 172 countries

Process Duration: 6 months

Canada

1 200 000 EUR Investment

Real Estate

EU Residency

Visa Free travel to 180 countries

Process Duration: 6 months

Italy

2 000 000 EUR Investment

Real Estate

EU Residency

Visa Free travel to 150 countries

Process Duration: 6-8 months

Switzerland

250 000EUR Investment

Real Estate

EU Residency

Visa Free travel to 155 countries

Process Duration: 4 months

HongKong

200 000EUR Investment

Real Estate

Asia Residency

Visa Free travel to 79 countries

Process Duration: 3 months

Jersey

1 000 000 EUR Investment

Real Estate

EU Residency

Visa Free travel to 129 countries

Process Duration: 6 months

Latvia

250 000 EUR Investment

Real Estate

EU Residency

Visa Free travel to 129 countries

Process Duration: 3 months

Malaysia

135 000 EUR Investment

Real Estate

Asia Residency

Visa Free travel to 172 countries

Process Duration: 6 months

Malta

250 000 EUR Investment

Real Estate

EU Residency

Visa Free travel to 98 countries

Process Duration: 3-4 months

Monaco

1 000 000 EUR Investment

Real Estate

EU Residency

Visa Free travel to 173 countries

Process Duration: 6 months

New Zealand

5 500 000 EUR Investment

Real Estate

EU Residency

Visa Free travel to 173 countries

Process Duration: 6-8 months

Singapore

250 000 EUR Investment

Real Estate

Asia Residency

Visa Free travel to 65 countries

Process Duration: 6 months

Thailand

60 000 EUR Investment

Real Estate

Asia Residency

Visa Free travel to 120 countries

Process Duration: 3 months

United Kingdom

2 000 000 EUR Investment

Real Estate

EU Residency

Visa Free travel to 175 countries

Process Duration: 3 months

USA

 

900 000 EUR Investment

Real Estate

EU Residency

Visa Free travel to 180 countries

Process Duration: 6 months

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