Cyprus Golden Visa for Non-EU Citizens

The Cyprus Golden Visa program is available to non-EU citizens in Cyprus. By obtaining this visa, one is able to lawfully reside on the island.

Permanent residency is granted to investors, and the entire procedure takes roughly 3 months. If you have the financial means and are eager to obtain permanent residency, this route can be more reasonable.

The minimum outlay for each option is €300,000.

Investors can choose from several options to get a Cyprus residence permit and buy:

• a residential real estate;

• a commercial real estate;

• shares of Cypriot companies;

• units of local investment funds.

With the Cyprus Golden Visa, you’ll enjoy a stable environment and access to European markets while reaping numerous benefits. Gain residency, obtain a permanent residence card, and even obtain Cypriot citizenship if you desire.

As a result, you will become one of the permanent residents of Cyprus, enjoying all the benefits that come with it, including the ability to open a Cyprus bank account.

Real estate investments. One of the most popular routes to obtain permanent residence is through property investment.

Types of eligible properties:

• residential properties: apartments, villas, or houses;

• retail spaces: shops and offices can also be part of your portfolio;

• hospitality sector: hotels or similar developments catered towards tourists.

You’ll need to invest at least €300,000 in one or more qualifying properties. Consider investing in a residential property with potential rental income. This way, not only do you secure your residency but also generate passive income from it.

Company investments. You can invest at least €300,000 into a company registered in Cyprus. Cyprus' strategic location, favorable tax system, and business-friendly policies make it an ideal destination for investors like you.

Cyprus has business-friendly policies that encourage investment from non-EU citizens. The Mediterranean island is positioned at the intersection of Europe, Africa, and Asia, granting access to European markets.

To qualify under this route, you need to choose a company conducting commercial activities and having 5 or more employees.

You can invest in stocks of local companies or investment funds. The program requirements are met by AIF, AIFLNP, and RAIF.

Cyprus boasts an excellent quality of life. The island nation offers beautiful beaches, sunny weather all year round, and delicious cuisine.

Cyprus has low crime rates, making it a safe place to live and invest. You can enjoy peace of mind knowing that your family and investments are secure.

Favorable tax regime. With one of the lowest corporate tax rates in the EU of 12,5%, Cyprus offers significant savings to investors and entrepreneurs alike.

Unlimited residency. Once you obtain permanent residence, you’ll receive a permanent residence card and permit, allowing you to enter Cyprus and enjoy all the benefits of being a permanent resident.

If you’re a non-EU citizen looking to obtain permanent residency or even Cypriot citizenship, the Cyprus Golden Visa program is an excellent option. The immigration process is straightforward, and you can gain residency by investing in residential property, Cypriot investment funds, or even Cypriot companies.

Cyprus offers a fantastic opportunity for non-EU citizens seeking permanent residency or citizenship in a safe, stable, and business-friendly environment within the European Union’s jurisdiction.

To qualify for the Cyprus Golden Visa program, applicants must meet specific financial stability criteria.

Income thresholds:

• €50,000 annual income of main applicant;

• €15,000 is added if the spouse is included;

• €10,000 is added per minor child included.

Maintaining these income levels is crucial throughout your residency in Cyprus. The primary source of this income should be outside the EU, ensuring that you can support yourself and your dependents without relying on public funds during your stay within Europe’s borders.

If you meet the financial stability criteria and are ready to enter Cyprus, you can apply for permanent residence permit.

The Cyprus Golden Visa program extends its benefits to adult unmarried children who are financially dependent on the main applicant. Your child must be a student abroad and meet specific eligibility requirements set by the Cyprus government.

To qualify, your child should:

• be aged between 18—25 years old;

• prove their financial dependency on you;

• demonstrate that they’re studying at an institution of higher education abroad;

• maintain their student status throughout the application process.

The application process is quite straightforward:

1. Gather all required documents such as proof of enrollment in an educational institution, evidence of financial dependency.

2. Contact a reputable immigration lawyer or consultant to guide you through the entire process.

3. Submit your complete application package to the Cypriot Migration Department.

Five years after receiving the Cyprus Golden Visa, investors may apply for citizenship by naturalization. You will need to throw a test on knowledge of the language and culture of the country and pass an interview.

Since May 1, 2004, Cyprus has been a member of the EU. Investors who become citizens of Cyprus after receiving a golden visa have the option to travel to all 27 EU nations without the need for extra documentation.

Gaining citizenship in Cyprus opens up a range of advantages, from being able to travel freely within the EU and having voting rights in local elections. The Cypriot passport allows its holder to travel without visas to more than 170 countries, including the Schengen Area states, the UK and Canada, and live, work and study in any EU country freely.

Cyprus allows second citizenship, so the applicant will not have to give up his original citizenship.

The Cyprus Golden Visa program provides a remarkable chance for non-EU nationals to gain permanent residency and potentially citizenship in Cyprus.

With investment options in both property and business, along with a streamlined application process and numerous benefits such as tax advantages and high-quality infrastructure, it’s no wonder that many wealthy individuals are considering this program.