English
Persian
TurkishCyprus Golden Visa Program
Passport in
2 - 3 months
Minimum Investment
€300,000
Investment Type
Real Estate
Visa free travel to
Schengen countries
Cyprus Golden Visa Program
Fast Track Cyprus Permanent Residence Permit was launched in 2013 to attract foreign direct investment by issuing investors with Cyprus Golden Visas. By investing in property on the island, foreign nationals can obtain Permanent Residence Permits (PRPs) without the lengthy process required for general immigration. By creating the fastest and easiest investor program in Europe, permits can be obtained in just two months. Applicants must purchase a new building property for a minimum value of build EUR 300,000 VAT included, which can be rented to provide income. Investors are also required to deposit at least EUR 30,000 in Cyprus Bank, which will be held in the form of bonds for three years. An additional EUR 5,000 per deposit is required. Investors do not have to stay in the country permanently for Cyprus, and the permit can be maintained by visiting at least once every two years. However, applicants wishing to apply for citizenship must reside in Cyprus for at least seven years and spend a full 365 days in the country before applying.
Which Family Members Can Be Added in the Same Cyprus Golden Visa Application?
- Spouse.
- Children under the age of 18.
- Unmarried children between the ages of 18 and 25 that are financially dependent on the investor and have a minimum of six months remaining study.
- Parents and parents in law.
Cyprus Overview
Known as the "Jewel of the Mediterranean", Cyprus is known for its welcoming inhabitants, Adelaide weather, sunny beaches, friendly people and stunning landscapes.
Language
Greek and Turkish
Currency
Euro
Total Area
9,251 Km²
Capital
Nicosia
Government
Presidential Republic
Population
1,207,359
Cyprus Golden Visa Benefits
- Applicants and their dependents can travel, live, work, or study anywhere within the EU.
- Investors have the right to stay, settle, and live in Cyprus.
- Applicants can live, work and study in Cyprus indefinitely.
- Investors do not need to reside in the country permanently.
- Permanent residence processing is very fast, only takes two months.
- Taxation is low, and Cyprus has international taxation agreements.
Cyprus Real Estate Investment
The Cyprus Residence Investment Program allows individuals and family dependents to obtain permanent residency in Cyprus through real estate investments. Applicants are required to purchase EUR 300,000 brand new properties directly from the developer in immovable property, in which the investor and his family can either live or rent. The investment can be divided into a maximum of two properties, but the combined value must reach EUR 300,000 or more. These features may be individually owned by the central applicant, jointly owned by the applicant and the spouse, or owned by a company where the applicant and the spouse are beneficial owners.
Cyprus Golden Visa Cost
Application fee €500
Real Estate Investment €300,000
Value-added Tax (VAT) 5% (for first purchased property used for personal use) 19% (for property not purchased for personal use)
Qualifying Investment €30,000 (plus €5,000 per dependent)
Cyprus citizenship and passport
Citizens of Cyprus enjoy the best benefits. In the Mediterranean part of the European Union, the country enjoys the warmest weather, and the locals are friendly and speak English. It has excellent infrastructure and a high-quality educational institution and health facilities. It also offers a favorable tax system, and investors can take advantage of a growing economy and better business opportunities. Permanent resident applicants can apply for citizenship after seven years on the condition that they reside in Cyprus and spend a full 365 days in the country before applying for citizenship.
How to Qualify for the Cyprus Golden Visa?
The required age for the applicants is 18 years old or older.
Investors must be citizens of a third country – not EU / EFTA.
Applicants must not have a criminal record and the property should not be frozen by the EU as a result of sanctions.
Applicants must have an annual income of at least 30,000 (plus EUR 5,000 per dependent) from outside Cyprus.
Investors should have access to adequate health insurance.
Key Benefits Of Alternative Residency Or Citizenship
Global Mobility
Travel worldwide freely for business or pleasure, including the UK and Schengen zone without burden of constant visa applications.
Family Security
Relocate your family to Europe and other locations worldwide in a matter of months to secure a better future through high quality education and healthcare.
Business Opportunities
Expand your business and begin operating globally with easy access to the major business hubs.
Tax Haven
Preserve your wealth by taking advantage of a favorable tax regime in Europe or enjoy no tax liabilities offered in the Caribbean.
Investment
Invest in lucrative real estate and other assets that allow to capitalize on your future by generating rental returns with options to release your investments when the investment term is over.
Global Citizen
An alternative place to call home. Enjoy the freedom to relocate to Europe or other countries, away from economical & political instability.
Do You Have Questions?
Cyprus is considered to be very safe. However, travelers should observe general safety precautions.
Applicants are required to invest €2m into real estate in order to obtain Cyprus citizenship.
Golden Visa holders can apply for citizenship after seven years on the condition that they reside in Cyprus and spend a full 365 days in the country before applying for citizenship.
Cyprus does allow citizens to hold dual citizenship, so Golden Visa applicants are not required to give up their existing citizenship.
To get a Golden Visa for Cyprus, applicants need to invest €300,000 into brand new real estate bought directly from the developer, which can either be lived in by the investor and his family or rented out. The investment can be split into a maximum of two properties, but the combined value should reach or exceed €300,000.