logo

Cyprus Residence by Investment Program

Fast-track Cyprus residence in 2 months

Cyprus Residence by Investment Program

Fast-track Cyprus residence in 2 months

About the Cyprus Residence by Investment Program

Cyprus Residence by Investment Program:

The Cyprus Residence by Investment Program enables applicants to obtain a Cypriot permanent residence permit (PRP) in around two months, and can be used as the initial step towards citizenship of Cyprus and therefore the EU.

With a variety of investment opportunities offered by Cyprus’ permanent residency program, applicants may choose to invest in residential or commercial properties, purchase a share of a local company or unit in an investment fund. Depending on the chosen option, they can benefit from receiving regular rental income or dividends.

The Cyprus Residence by Investment program provides access to high-quality healthcare and education, a strong business environment, and does not require a physical presence on the island, though the PRP holders are obliged to visit Cyprus at least once in two years to maintain the permanent residence status.

Cyprus:

Cyprus is a Mediterranean island that lies at the crossroads between Europe, Africa, and Asia. It has been independent from the UK since 1960 and remains a member of the Commonwealth. Cyprus has been a part of the EU since 2004 and is going to join the Schengen Area within a short time.

Cyprus enjoys low tax rates and a diversified economy with prevailing tourism, shipping, and financial services sectors. It ranks 44 out of 141 countries, according to the World Economic Forum’s Global Competitiveness Report.

With its captivating history, rich culture, and fascinating landmarks described in ancient Greek myths and legends, Cyprus is home to numerous religious and secular monuments, among which there are three UNESCO’s World Heritage sites.

Benefits of Cyprus PRP

icon

Fast processing of application within 2 months

icon

Favourable tax regime

icon

Ability to rent purchased property with potential profit

icon

Eligibility for Cyprus citizenship, if all the necessary requirements are met

icon

Dual citizenship is permitted

icon

Over 170 countries visa-free once Cypriot citizenship is granted, including the UK, Switzerland, Canada, Singapore, and Hong

Investment Options

1) Purchasing a residential property with a minimum value of €300,000 (plus VAT). The property should be a first-time sale and may comprise of up to two housing units which must be purchased from the same developer;

2) Purchasing a commercial property, such as a hotel, office, or shop, with a minimum value of €300,000 (plus VAT). The property can be new or resale;

3) Purchasing a share of a local company that must be registered and have a physical presence in Cyprus as well as employ at least five people. The minimum investment amount is €300,000;

4) Purchasing a unit of a collective investment fund (UCITS) for a minimum of €300,000.

The applicant should also fulfill the following requirements:

1) Provide supporting evidence of a secured annual income of at least €30,000 deriving from abroad. This income must increase by €5,000 for the spouse and every additional child and €8,000 for each dependent parent. The income may include, rents, salaries from employment, dividends from shares and pensions;

2) Confirm they do not intend to be employed in Cyprus, besides holding the position of Director in the company they have invested, without being paid a salary.

Requirements

  • No previous criminal record
  • Be over 18 years old
  • Have a legitimate source of wealth
  • Good character
  • Have available the required investment funds

Who else can be included in the citizenship application:

  • Spouse of the main applicant
  • Dependent children of the main applicant and spouse up to 25 years old
  • Dependent parents  of the main applicant and spouse

Stages of obtaining the Cyprus PR

  • Initial consultation

    Initial free consultation with one of the GLS experts

  • Program information and due diligence check

    Detailed fee schedule and a free of charge preliminary due diligence check

  • Client agreement and retainer fee payment

    Signing of the client agreement and payment of the retainer fees

  • Preparation of the documents

    GLS experts will assist you with the whole procedure of the documents’ preparation, including the translation, notarisation and apostille of the relevant documents

  • Application submission

    Your complete application for the PRP, along with all supporting documents, will be submitted to the Civil Registry and Migration Department. The decision is made in around 2 months

  • Application approval

    As soon as your application is approved you will be issued with an immigration certificate

  • Residence card

    In order to receive the permits, the applicants must visit Cyprus within 1 year of approval

  • Citizenship

    Citizenship may be requested after 5 years of continuous residence

Subscribe to the newsletter
flag

Cyprus

Capital:
Nicosia
Area:
9,251 km2
Population:
1.17 million
GDP:
21,65 billion
Language :
Greek, English is widely spoken
Independence from Great Britain:
1960

F.A.Q.

How many visits are required to maintain the PRP?
1 visit every 2 years is required. There is no minimum duration of these visits
Can I buy an empty plot of land without a residence to qualify for the PRP?
No, buying land does not allow the investor to apply for the PR under the provisions of this category
How long does it take to get the PR?
It takes around 2-3 months after all the relevant documents have been submitted to the migration authorities

Contact Us

GLS Private Office offers global lifestyle solutions to established business people and their families. GLS operates as a one-stop-shop and is a single point of contact for wealthy families with a global mindset. The company takes care of every need of its globally-minded clients: from obtaining a second citizenship/residence by investment to finding the best schools for children’s education, global property acquisition, succession planning and many more. Ancillary services provided by GLS are limited to the extent of a client wish. Anything that can be priced, qualified, and quantified, we are ready to research, negotiate and manage.

Contact us and we will get back to you as soon as possible

Other Interesting Programs

St Kitts and Nevis Citizenship by Investment Program - The oldest and the most known program of the industry
Passport from 3 months
from $ 150 000

St Kitts and Nevis Citizenship by Investment Program – The oldest and the most known program of the industry

  • icon
    Around 160 countries visa-free, including the UK, Schengen states, and Singapore
  • icon
    The program has been existing since 1984
  • icon
    Get citizenship through donation or approved property purchase option
Dominica Citizenship by Investment - The Best Value for Money for Single Applicants
Passport from 3 months
from $ 100 000

Dominica Citizenship by Investment – The Best Value for Money for Single Applicants

  • icon
    Around 140 countries visa-free, including the UK, Schengen states, and Singapore
  • icon
    Get citizenship through donation or approved property purchase option
  • icon
    Second oldest citizenship by investment program, valid since 1993
Grenada Citizenship Program - Spice Island of the Caribbean
Passport from 3 months
from $ 150 000

Grenada Citizenship Program – Spice Island of the Caribbean

  • icon
    Around 120 countries visa-free, including the UK, Schengen states, and China. E-2 visa to the USA
  • icon
    Get citizenship through donation or approved property purchase option
  • icon
    Minimum taxation – no world income tax, inheritance, property, or gift tax
St Lucia Citizenship - A Variety of Investment Options
Passport from 3 months
from $ 100 000

St Lucia Citizenship – A Variety of Investment Options

  • icon
    Around 130 countries visa-free, including the UK, Schengen states, and Singapore
  • icon
    Get citizenship through donation, approved property purchase or bonds investment
  • icon
    No interview requirement and no need to know the English language
Antigua and Barbuda Citizenship - 365 Beaches on One Island
Passport from 3 months
from $ 100 000

Antigua and Barbuda Citizenship – 365 Beaches on One Island

  • icon
    Around 150 countries visa-free, including the UK, Schengen states and Singapore
  • icon
    Minimal visit requirement – 5 days within 5 years of receipt of citizenship
  • icon
    Dual citizenship is allowed
Malta Citizenship by Investment - In the Heart of the Mediterranean
Passport from 14 months
from € 700 000

Malta Citizenship by Investment – In the Heart of the Mediterranean

  • icon
    Over 180 countries visa-free including the USA and Canada
  • icon
    Ability to live, work, and study in any EU country
  • icon
    Get Maltese citizenship by contributing into the economy, purchasing or leasing property, and donating to a non-profit organisation
Montenegro Citizenship by Investment - The newest citizenship by investment program
Passport from 6 months
from € 350 000

Montenegro Citizenship by Investment – The newest citizenship by investment program

  • icon
    Planning to join the EU by 2025
  • icon
    Over 120 countries visa-free, including the EU, Schengen states, and South Korea
  • icon
    No need to relocate or to know the local language
гражданство за инвестиции вануату
Passport from 2 months
from $ 130 000

Vanuatu Citizenship by Investment – Safe haven of the Pacific ocean

  • icon
    Around 130 countries visa-free, including the UK, Schengen states, and Singapore
  • icon
    Ability to make the payment in Cryptocurrency
  • icon
    Remote citizenship application
Portugal Golden Visa
Residence permit in around 6 months and citizenship in 5 years
from €280 000

Portugal Golden Visa

  • icon
    Residence requirement - 7 days in the first year and 14 days in the following 2 years
  • icon
    Ability to live, work and study in Portugal
  • icon
    Visa-free Schengen
Malta - Global Residence Program
Residence in around 3 months
from € 330 000

Malta – Global Residence Program

  • icon
    Remittance basis of taxation 15% flat rate
  • icon
    No residency requirement
  • icon
    Visit all Schengen countries visa-free. Live, work, and study in Malta
Cyprus Residence by Investment
Residence in around 2 months
from € 300 000

Cyprus Residence by Investment

  • icon
    Live in Cyprus as long as you like
  • icon
    Ability to visit Cyprus once every 2 years to retain residency
  • icon
    Ability to receive citizenship in 5 years
Spain Golden Visa
Residence in around 2 months
from € 500 000

Spain Golden Visa

  • icon
    Ability to live in Spain and to visit Schengen countries visa-free
  • icon
    Four investment options - the Real Estate option being the most popular
  • icon
    Residence for all the family members
Greece Golden Visa
Residence in around 2 months
from € 250 000

Greece Golden Visa

  • icon
    Ability to live in Greece and to visit Schengen countries visa-free
  • icon
    Residence for all the family members
  • icon
    Unlimited expiry date of the residence permit
ВНЖ за инвестиции Ирландии
Residence in around 6 months
from € 500 000

Irish Immigrant Investor Program

  • icon
    Study in prestigious schools and universities
  • icon
    No requirement to reside, visit Ireland for one day a year to retain residence
  • icon
    Ability to get permanent residence and citizenship after five years of residing in Ireland
United Kingdom Investor Visa (Tier 1)
Residence from around 2 months
from £ 2 million

United Kingdom Investor Visa (Tier 1)

  • icon
    Live, work, and study in the UK
  • icon
    Permanent residence in 5 years and citizenship in 6 years of residence
  • icon
    Attractive tax regime for HNWIs
Turkey citizenship - Fast and easy application processing
Passport from 2 months
from $ 250 000

Turkey citizenship – Fast and easy application processing

  • icon
    Over 110 countries visa-free, including South Korea, Singapore, Japan, Qatar
  • icon
    Fast citizenship application processing time
  • icon
    No need to relocate or to know the local language
ПМЖ за инвестиции Мальты
Residency in around 3 months
from € 150 000

Malta Permanent Residency Program (MPRP)

  • icon
    Live, work and study in Malta. Visit Schengen countries visa-free
  • icon
    No residency requirement
  • icon
    Ability to apply for citizenship in 5 years
Accept Cookies?
Provided by Web design, Gloucester