Cyprus
The Cyprus permanent residency program requires for investors to make a minimum investment of € 300,000 EUR, (plus VAT, if applicable).
An investor can choose from one of the following investment programs:
- Invest in a new residential property, in addition to
- Invest in commercial properties, in addition to taxes. Property can be new or resale.
- Invest in the share capital of a company that has a physical presence in Cyprus, that has activities in Cyprus and employs at least 5 persons.
- Invest mutual funds in one of the programs sponsored by the UCITS:
- Alternative Investment Fund of unlimited number of investors (AIF)
- Alternative Investment Fund of Limited Number of Investors (AIFLNP)
- Registered Alternative Investment Fund (RAIF)
- The investment funds should be sourced from abroad, and the investment should be maintained or replaced by another investment of the same or greater value, in order to maintain the residency permit.
Employment Restrictions:
Employment in Cyprus under the residency investment program is prohibited. Unless, applicants decide to invest in a Cyprus-based company, and receive the dividends of such company, or hold the position of Director in such company without receiving a salary.
Income Eligibility Requirements:
- The applicant is required to prove a secure annual income (including salaries from employment, pensions, dividends, fixed deposits, rentals) of at least EUR 30,000
- This amount is increased by EUR 5,000 for each dependent person (spouse and children) and by EUR 8,000 for each dependent parent or parent-in-law.
- In the case of investing in a new residential property, the income must be sourced from abroad.
- In all other investment options, the income can be sourced from within Cyprus.
- The income of both the applicant and the spouse can be taken into consideration.
Physical Residence and Travel Requirements:
- In cases where the applicant has chosen to invest in any other category besides the category of new residential properties, the applicant should provide relevant documentation as to the place of residence in Cyprus (e.g. sales agreement, rental agreement, or title deed).
- Investor and family are also required to travel to Cyprus every two years in order to maintain the residency.
- Obtain permanent residency for life in Cyprus only (cannot be used for visitation to Schengen countries).
- Residency is granted to the entire family – inclusive of dependent children up to the age of 27, dependent parents and parents-in-law of the main applicant, age 65 and above.
- Fast processing time – the residency is issued within 2 months.
Apply now
December 31, 2021
