Cyprus

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Cyprus Residence

Cyprus is considered the perfect location for non-EU people to establish permanent residence because of its excellent beaches and tropical Mediterranean environment.

Investment

Min. Investment of EUR 300,000 and EUR 30,000 annual Income

Processing time

Two months to finish the procedure

Key benefit

Cyprus citizenship and education rights

Cyprus Permanent & Temporary Residence Program

Cyprus offers paths to both permanent and temporary residence. Permanent residency grants EU access and is fast-tracked with a €300,000+ investment. Temporary options exist too, allowing you to stay longer and eventually apply for permanent residency.

Benefits of a Cypriot Golden Visa

The application process is very efficient and typically takes no longer than two months.

Meeting all the criteria results in a high approval rate.

While living in Cyprus is not mandatory, a visit every two years is required.

Dependents can attend top-rated private schools that offer English language courses.

Residence can be granted to the spouse, children under 25 years, parents, and parents-in-law of the principal applicant for a Regulation 6(2) application. A Category F application applies to spouses and children under 18 years.

Dependent children between the ages of 18-25 and the applicant's parents are also eligible for residence.

The entire process can be completed remotely without the need to be physically present in the country. However, a visit is necessary for biometric capturing.

Cyprus Golden Visa Requirements

The following requirements must be met:

You must spend a minimum of EUR 300,000 plus VAT on a new property to qualify for the program. When you apply, you must include the purchase agreement and proof of payment for at least EUR 200,000 plus VAT. The sale arrangement must have been submitted to the Cyprus Department of Land and Surveys. If you’re purchasing through a company, you must be the sole shareholder, and the company must be registered in your or your spouse’s name.
You can buy up to two non-residential properties, such as offices, shops, hotels, or other new or used developments, as long as the total market value is a minimum of EUR 300,000 plus VAT.
Employee physical company registered and operating in Cyprus has a share capital of EUR 300,000 and employs at least five people.
The Cyprus Investment Funds Association’s collective investments (AIF, AIFLNP, RAIF) offer units worth EUR 300,000.
To be eligible, the applicant must provide evidence of an annual income of at least EUR 30,000 abroad. If the applicant has a spouse and children, the income must increase by EUR 5,000 for each child and the spouse, and if there are dependent parents, the income must increase by EUR 8,000 for each parent. The income can be from employee salaries, rents, pensions, dividends from shares, etc.

Procedures and Time Frame of the Cyprus Golden Visa

To apply for a permit in Cyprus, you need to pay a fee of EUR 500 and an additional EUR 50 for biometric capturing. The Civil Registry and Migration Department will review your application and send it to the Ministry of Interior’s permanent secretary for a decision.

You should expect to hear within two months. If your application is approved, you and your family must visit Cyprus within a year to obtain the permit.