Cyprus Permanent Residence by Investment

or investment programs in real estate, business or securities

Program

01

business opportunities

02

tax incentives

03

visa-free travel within the Schengen area

Cyprus Permanent Residence by Investment: A Complete Guide from Get Passport

Cyprus attracts investors from all over the world with its Golden Visa program, which provides permanent resident status in exchange for investments in the country’s economy. This is a great opportunity for those who want to live in the European Union, optimize taxes and take their business to the international level. In this article, we will examine in detail all aspects of the program, its advantages, requirements and stages of registration.

What is permanent residence in Cyprus for investment?

The Golden Visa program allows foreign investors to obtain permanent resident status in Cyprus by investing from €300,000 in real estate, securities or business. This status gives the right to live in the country, access to quality education and medicine, as well as the prospect of obtaining citizenship after 8 years.

Key parameters of the program:

Investment amount: from € 300 000.
Processing period: from 9 months.
Citizenship: possible after 8 years of legal residence.
For a family: the status applies to the spouse and children.

Benefits of Permanent Residence in Cyprus

01

The right to live in the European Union

Permanent residence permit holders can reside freely in Cyprus, and do not necessarily have to be in the country permanently. It is enough to visit it once every two years to maintain the status.

02

Business Opportunities

Foreigners with permanent residence can open companies or invest in local businesses. The corporate tax rate is one of the lowest in the EU (12.5%).

03

Status for the whole family

You can include your spouse and children in your application. Additional conditions apply to children over 18: they must be financially dependent, studying at a university, and not be married.

04

The prospect of citizenship

After 8 years of residence in Cyprus, investors can apply for citizenship. The Cypriot passport allows visa-free entry to 168 countries, including the Schengen area, the UK and Canada.

05

Profitable investments in real estate

The Cyprus property market is growing steadily and rental demand remains high thanks to tourists and expats. Investments can be returned upon obtaining permanent residence or citizenship.

06

Tax incentives

Permanent residency holders do not pay taxes on foreign income, dividends and capital gains. There are also no property, inheritance or gift taxes in Cyprus.

07

Quality education and medicine

Children of residents can study at local schools and universities, and emergency medical care is provided free of charge.

Requirements for applicants

Investor:

Age from 18 years.
No criminal record and no restrictions on entry into the EU.
Annual income from € 50 000 from foreign sources.
Own or rented property in Cyprus.

Family members:

Spouse and children under 17 (without additional conditions).
Children aged 18–24 must be students, financially dependent and unmarried.

Investment options

Purchase of real estate
Minimum amount — €300,000 (excluding VAT). Residential property can only be purchased on the primary market from a developer, commercial property — on the primary or secondary market.
Investment in business
Creation or purchase of a Cyprus company with investments from €300,000. Participants in the program cannot be employed, but can receive dividends from the business.
Purchase of securities
Investments in bonds, bills or units of investment funds approved by the Cyprus Securities Commission.

The process of obtaining permanent residence

01

Preliminary check

IST Hungary lawyers analyze the applicant's documents to eliminate risks and select the best investment option.

02

Preparation of documents

Specialists help collect and translate documents, and also certify them with a notary.

03

Fulfilment of investment condition

The investor chooses a property, business or securities. IST Hungary provides a database of proven options.

04

Submitting an application

Lawyers complete and submit an application to the Cyprus Migration Service.

05

Obtaining permanent residence

After approval (from 4 months), the investor and family visit Cyprus to obtain residence cards.

Documents for application

Passport and birth/marriage certificates.
Biography of the main applicant.
Proof of income (from €50,000 per year).
Investment documents.
Certificate of no criminal record.
Health insurance for the whole family.

How to obtain Cyprus citizenship?

Citizenship is available through naturalization after 8 years of residence (2920 days in the last 11 years). You cannot leave the country for more than 90 days in the year before applying. The passport is issued for 10 years and can be extended.