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Residency by Investment

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Minimum Investment:
€590,000
Residency in:
3 months
Visa-free countries:
146
EU member:
Yes
Overview Cyprus
The Cyprus Permanent Residency by Investment Programme is provided in accordance with Regulation 6(2) of the Aliens and Immigration Regulations. The Cyprus Permanent Residency Programme leads to an F6(2) category immigration permit and is a route for non-EU and non-EEA citizens of good standing to obtain permanent residency in Cyprus, along with their family members, by making an approved real estate investment. A certain amount of money must also be deposited annually in a bank account in Cyprus.
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Requirements

Investors must do the following:
  • Purchase contract for a property in Cyprus with a value of at least € 300,000 (excluding taxes). The property should be brand new and purchased from the developer. The simplified application process for permanent residency does not apply to those who purchase re-sale properties.
  • Provide proof of a payment of at least €200,000 in respect of the property (excluding VAT).
  • Deposit at least €30,000 annually in a bank account in Cyprus for three years.

Eligibility

Investors must meet the following criteria:
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over 18 years old
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No criminal record
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Have an annual income of at least €30,000 originating from countries other than Cyprus
Proof that the funds used to purchase real estate originated from outside of Cyprus

Why Choose Cyprus Residency by Investment Programme?

  • There is a quick application process; applications are normally completed within two months.
  • There is no continuous residency requirement. The only requirement is that the applicant must enter Cyprus at least once every two years.
  • Family members - including spouse, financially dependent children and parents - may also accompany the investor subject to conditions.
  • Provided the residence requirements and other requirements for naturalisation are met, the applicant can apply for naturalisation.
  • Cyprus has an excellent geographical location at the crossroads of Europe, Africa and the Middle East and boasts direct access to the Mediterranean Sea.
  • Cyprus is a great place to do business. Cyprus is a full member of the EU and has a favourable tax environment with a low corporation tax rate and double taxation treaties with a number of countries. Company formation is quick and normally only takes a few days. There is no withholding tax on dividends paid to foreign residents.

Timeframe

5 years in total, broken up as follows:
Application Submission:
2 months
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Approval and Obtainment of Permit:
1 year
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Arrival in Cyprus and Submission of Biometric Data
Residence & Citizenship Cyprus Contact

Cyprus

3 Themistocles Dervis street,

Julia House,

1066 Nicosia,

Cyprus.

Email: cyprus@kylinprime.com

Work schedule:

Mon – Fri: 09:00 – 17:30

Sat – Sun: Closed

Private client enquiry