Cyprus Golden Visa
Cyprus offers foreign nationals the opportunity to obtain permanent residence through its Golden Visa program, providing access to a low cost of living, no inheritance tax, and one of the lowest crime rates in the EU. The country also boasts a high-quality healthcare system with renowned medical centres. With its stunning beaches and tropical Mediterranean climate, Cyprus is an attractive destination for non-EU nationals seeking a stable and desirable place to live.
Key Advantages
The process of applying is smooth and highly efficient, ensuring a strong approval rate for those who fulfill the necessary requirements. While residing in Cyprus is not obligatory, visiting at least once every two years is a requirement.
The residency permit extends to the primary applicant, their partner, and dependent children below the age of 25. Children have the opportunity to attend esteemed private institutions that provide education in English.
Apart from biometric data submission, the entire procedure can be completed remotely. After maintaining residency for seven years, individuals can qualify to apply for Cypriot citizenship.
The application process isstreamlined and efficient, with a high success rate for those who meet the eligibility criteria.
Living in Cyprus is not mandatory, but a visit once every two years is required.
Children can enroll in prestigious private schools, offering English-language education.
Residency covers the main applicant, their spouse, and dependent children under 25.
The entire application can be handled remotely, except for the biometric data collection.
After seven years of residency, applicants become eligible to apply for Cypriot citizenship.
The entire procedure can be completed remotely, with the exception of biometric data collection.
After residing in Cyprus for seven years, successful applicants become eligible to apply for Cypriot citizenship.
Requirements
To obtain residency, applicants are required to meet both of the following conditions:
- Select one of the investment options below:
- Acquire up to two brand-new residential properties with a combined market worth of at least EUR 300,000 plus VAT, with the flexibility to buy from separate developers.
- Purchase up to two new or pre-owned non-residential properties—such as offices, retail spaces, hotels, or other commercial buildings—valued at a minimum of EUR 300,000 plus VAT.
- Invest EUR 300,000 in the share capital of a physical company that is registered and operates in Cyprus, employing no fewer than five individuals.
- Allocate EUR 300,000 into units of collective investments under the Cyprus Investment Funds Association (AIF, AIFLNP, RAIF).
- Present proof of a secured annual income of at least EUR 50,000 sourced from abroad, with an extra EUR 15,000 required for a dependent spouse and EUR 10,000 for each minor child.
Additionally, applicants must comply with these criteria
Procedure
-To apply for Cypriot residency, applicants must submit duly completed application forms along with the required fees and supporting documentation.
-Approved applicants are required to provide annual proof of maintaining their investment, as well as evidence of health insurance coverage if they are no longer enrolled in the General Healthcare System.
-Eligible foreign income sources may include salaries from employment, rental earnings, pensions, interest from deposits, and dividends from shares.
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