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.
Significant reserves of natural gas have been found and confirmed in the Mediterranean offshore in the economic area of the Republic of Cyprus. Gas production on an industrial scale is planned for 2022-2023.
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 Passport
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.
