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Cyprus

Residency by Investment

Minimum Investment

N/A

Donation

Minimum Investment

€300,000

Real Estate

Time To Citizenship

2-3

Months

Visa-Free Access *

1

Countries & Territories

About the program

As of 2016, the government of Cyprus allows applicants to obtain a permanent residency by investment. To qualify, you are required to be over 18 years of age, in good health and without a criminal record. Additionally, you are required to deposit capital in a financial institution in Cyprus, which will be pledged for 3 years. You are also required to make a real estate purchase and provide proof of a secure annual income for yourself and all dependants.

Benefits

Visa-Free Travel

As a resident of Cyprus, you and your family can freely reside in the country.

Guaranteed by law

If requirements are met, this residency program can lead to Cypriot citizenship.

Straightforward Process

As residents, you and your family will have access to the best universities and schools, and world-class healthcare.

Tax Relief

Cyprus has one of the lowest taxation rates in Europe, with no foreign income tax, inheritance tax and withholding tax on interest earned.

Minimal residency required

You can register a company or be a shareholder in any Cypriot company.

Dual Citizenship permitted

Cyprus allows dual residency, permitting you to keep your existing nationality and any other residencies.

Program requirements

Main applicant requirements

  • 18+ years of age
  • Good health
  • No criminal record
  • Successfully pass due diligence checks
  • Receive approval by the Government
  • Confirmed investment sources

Eligible dependents

  • Spouse of the main applicant
  • Adult children (biological or adopted) under 28 years of age
  • Dependant parents

*Parents and children older than 18 must be dependent on the main applicant.

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Program process

The expected timeframe for the application process is 6 months. The first stage of the document collection can differ in length depending on the applicant’s ability to gather the documents. Our team guides this process with samples and best practice advice. The reviewal stage is subject to the respective Government schedule and can be impacted by factors which we, as authorised agents have no control over. Savory and Partners collaborates with the Government throughout the entire process, and we aim to provide the quickest and smoothest experience for the applicant.

Legal basis

Based on the Citizenship Act [CAP 112], the Vanuatu Citizenship Commission grants Honorary Citizenship to individuals under Vanuatu Development Support Program. Cyprus grants Non-EU nationals the right to permanently reside in Cyprus with no renewal requirements. The Permanent Residency is granted to third-country nationals, who apply under Regulation 6(2) of the Aliens and Immigration Regulations, provided that they fulfil the Financial Criteria.

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