Cyprus
Residency by Investment
Second Passport Through Business and Real Estate Investment
Page Contents
Cyprus Residency by Investment
It is now possible to obtain permanent residence in Cyprus. This island country in the eastern Mediterranean Sea is strategically positioned at a crossroads between Europe, Asia, and Africa. Cyprus is a top tourist destination boasting beautiful beaches, nature, and history.
Not only is Cyprus an ideal place for tourism, or residents known for their high standard of living and year-round sunny weather, but for businesses and investors too.
The Cyprus Residency by Investment program provides a streamlined and accessible way for individuals to secure a European lifestyle. Strategically located at the crossroads of Europe, Asia, and Africa, Cyprus offers a unique blend of business opportunities, cultural heritage, and a high standard of living. With a minimum investment starting at €300,000 in real estate, this program is an appealing choice for investors seeking residency in a stable and prosperous EU country.
Requirements for Cyprus Residency by Investment
To qualify for the Cyprus Residency by Investment program, applicants must meet specific financial criteria:
- Real Estate Investment: A minimum investment of €300,000 in residential or commercial real estate properties.
- Investment in Cypriot Companies or Funds: Alternatively, investing in shares of Cypriot companies or units of Cypriot investment funds is also an option.
- Proof of Financial Stability: Applicants must demonstrate that they have sufficient annual income to sustain themselves and their family members without engaging in local employment.
These requirements ensure that applicants can support their lifestyle in Cyprus while contributing to the local economy.
Key Advantages of the Cyprus Residency by Investment Program
The Cyprus Residency by Investment program offers several compelling benefits:
- Fast Processing Time: Permanent residency is typically granted within 2 to 3 months from the date of application submission.
- Family Inclusion: The program allows the main applicant to include their spouse, children under 25 years old, and the parents of both spouses, making it ideal for family relocation.
- No Language Requirement: There is no mandatory language test, making it accessible to a diverse range of applicants.
- Pathway to Citizenship: After 5 years of residency and maintaining the investment, you may be eligible to apply for Cypriot citizenship, providing a long-term route to EU citizenship.
These features make the Cyprus program not only flexible but also accommodating for families seeking long-term residence in Europe.
Travel Rights and Benefits with Cyprus Residency
Holding Cypriot residency offers extensive travel and lifestyle benefits due to Cyprus’s membership in the European Union. Although Cyprus is not part of the Schengen Area, its residency still provides significant advantages:
Key Benefits Include:
- Access to the EU Market: Enjoy seamless access to business opportunities within the European Union.
- Visa-Free Travel for Cypriot Citizens: Upon acquiring citizenship, enjoy visa-free or visa-on-arrival access to over 170 countries, including the EU and the UK.
- Quality of Life: Cyprus is renowned for its excellent healthcare, education, and a peaceful living environment with one of the lowest crime rates in Europe.
These benefits make Cyprus an attractive destination for individuals looking to enhance their global mobility and secure a high-quality lifestyle in a stable European nation.
Business and Investment Opportunities in Cyprus
Cyprus is not only a desirable location for residency but also a thriving hub for business and investment. The country’s favorable tax regime, strategic location, and robust legal framework make it an ideal destination for entrepreneurs and investors looking to expand their operations within the EU.
Key Investment Opportunities Include:
- Real Estate Market: With growing demand and competitive prices, the real estate sector in Cyprus offers lucrative investment potential.
- Energy Sector: Significant natural gas reserves have been discovered, presenting opportunities in energy production and infrastructure development.
- Tourism Industry: Cyprus’s thriving tourism sector continues to grow, offering potential investments in hospitality and leisure services.
By choosing Cyprus, investors can tap into these emerging sectors while enjoying the benefits of European residency.
Cyprus Overview
Cyprus is one of the fastest-growing economies in Europe known for its effective and transparent regulatory and legal framework along with favorable tax regimes.
With the suspension of the Cypriot Citizenship by Investment Program, the residency program has become increasingly popular among investors. Cyprus offers a fast-track process to being a permanent resident in 2 months and eventual citizenship in 5 years if certain conditions are met.
Investment
Minimum investment of USD 100,000
Processing Time
Processing time of two to three months.
Key Benefit
Visa free travel to over 150 countries
Residence by Investment Cyprus
- There are also some other options for investors to get permanent residency including:
1) Purchasing commercial real estate
2) Purchashing shares of Cypriot companies
3) Purchashing shares of Cypriot investment funds
- You can get permanent residency for the whole family, including the wife or husband, children under 25 years old, and the parents of both spouses.
- With a Cyprus passport, you can travel Visa-Free to 170+ countries including European Union and the United Kingdom.
Benefits of Cyprus Residency
Process
- You can apply for your status remotely
- Free medical insurance
- The opportunity to become a citizen of Cyprus in 5 years
Global Mobility
- You do not have to live in Cyprus all the time
- 85% of the population speaks English
- The fantastic Cypriot weather and healthy environment
- A peaceful society with low crime rates
Wealth Protection
- No taxes on foreign income
- Growing real estate market
- Free medical insurance
- Ability to start a business in Cyprus in an easy way
Country Information
Living in Cyprus can bring many lifestyle and financial advantages. Life, in general, is more relaxed and there are more opportunities to spend time outdoors. The cost of living in Cyprus is generally lower, taxes are more lenient and the property prices are generally cheaper than in the UK. In Cyprus, there is one of the lowest crime rates in the European Union.
Cyprus is a popular Mediterranean destination where the past meets the present. From archaeological treasures to pristine beaches, visit Cyprus this season for a memorable holiday experience. Relive Cyprus’ past by seeing the beautiful mosaics in the Houses of Dionysus, Theseus, and Orpheus. Cyprus is also a perfect destination for relaxation with its beautiful beaches.
Nicosia, the capital, utilizes the Euro (EUR) as its currency, with an exchange rate of 1 USD equal to 0.89 EUR. The population of Nicosia is approximately 1.207 million, and the government operates under a Presidential System. The official languages spoken in this city are Greek and English.
Get Your Second Passport
Faqs about Cyprus Residency
You must live in Cyprus for at least five years and have a residence permit or permanent residence to apply for a Cyprus passport. The minimum period of stay depends on the applicant’s status.
Foreigners who live continuously in the country or are in the public service must live in Cyprus for four years. Students, self-employed and those who come to Cyprus to work — for seven years. The applicant also must continuously live in the country for a year and only then apply for citizenship.
An application for Cyprus citizenship can be reviewed for up to 2 years.
Yes. First, you don’t have to get citizenship to immigrate to Cyprus: you can obtain lifelong permanent residence and move there. However, you will be allowed to apply for Cyprus citizenship after five years of residency.
The benefits of relocating with a Cyprus passport include the following:
- becoming an EU citizen with the respective rights;
- visa-free travelling to 178 countries worldwide;
- an optimal tax system, where some of the taxes are lower than in other EU countries;
- access to European banking services;
- access to high-quality public and private education and healthcare.
Cyprus cancelled its citizenship by investment program in 2020. Now foreigners can get Cyprus permanent residence by investing in the country’s economy. Options include buying real estate, shares of Cypriot companies or securities. Investor’s expenses start at €300,000.
After five years of living in the country with permanent residence, an investor can apply for Cyprus citizenship by naturalisation.
