Citizen By Investment Cyprus

With its warm and stable climate and convenient geographical position, Cyprus is considered an attractive place for both business and residence. Cyprus’s favorable investment climate results from the island’s skilled workforce and reliable communications and transportation network.

Cyprus has a modern, free-market, service-based economy; where in conjunction with its practical and transparent regulatory and legal framework, it offers international investors and businesses the confidence to invest and prosper. Cyprus ranked 54 out of 190 countries on the World Bank of Ease of Doing Business Index 2020. Several new measures have been implemented to reboot the economy in the wake of the massive and challenging restructuring of the country’s banking sector. These actions aim, among other things, to motivate the economy.

Residence in Cyprus

The Ministry of Interior has simplified Regulation 6(2) of the Aliens and Immigration Regulations to issue residence permits to non-European applicants who intend to invest in the republic. The Cypriot government aims to increase foreign investment and assist in the country’s economic development by implementing this regulation. Applicants from non-European countries are eligible for residence permits if they meet the requirements set forth by the law. The Ministry of Interior has taken this action to the Cypriot government’s objective to attract more foreign investment.

1: A minimum investment of EUR 300,000 into any of the following options:

• Purchase residential or other property in Cyprus (including VAT)
• Share the capital of a physical business with a Cyprus address and at least five workers.

2: A guaranteed yearly income of at least EUR 30,000 from sources besides working in Cyprus.

The residence permit holder must visit Cyprus at least once every two years to maintain their residence status.