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Cyprus

Cyprus

Cyprus’ popularity on the global immigration and citizenship as one of the preferred relocation destinations for foreign investors lies in its robust business infrastructure, the easy Mediterranean lifestyle and the ever growing community of high net worth individuals who have decided to relocate and the enjoy the many benefits which Cyprus has to offer. The most compelling reason for Cyprus’ success with High Net worth Individuals (HNWI) lies in the safety and high quality of life with the many golden beaches, boasting clear blue waters, pine-scented forests and a superb climate. It is the sunniest country in Europe with over 300 days of sun annually. The environment is one of the healthiest in the world according to the World Health Organization. Cyprus is an independent sovereign republic with a presidential system of government and is a full member of the EU since 2004. Cyprus is also a member of the United Nations and its specialised agencies, the Council of Europe, the Commonwealth, the Organisation for Security and Cooperation in Europe, and many other international organisations. The applicant together with their spouse and financially dependent children can reside freely and indefinitely in Cyprus.

PROGRAMME HIGHLIGHTS

  • Fast application processing within 3 months
  • No requirement to travel to Dominica during the application process
  • Visa-free travel to around 140 countries, including Schengen Area and UK
  • Entitlement to dual citizenship
  • No physical residency requirements
  • No personal income tax on worldwide income
The residency by investment programme allows you and your family to easily receive a residence permit in Cyprus by investing in real estate. Moreover, the applicant must also maintain a fixed deposit of €30,000 in a Cypriot bank for a minimum period of 3 years. The spouse and the children of the investor may be included in the application. Applicants should also provide supporting evidence of secure annual income from abroad of at least €30,000. For spouse and dependent children included in the application an additional €5,000 per person must be added to this amount and €8,000 for each parent of the main applicant or their spouse. As an applicant for residency, you must be at least 18 years of age, of good character, without a criminal record, and able and willing to make the required contribution. All fees quoted are in Euro.

To qualify for the Cyprus Permanent Residency by Investment program, applicants are required to buy a first-time sale residential property or sets of properties to the minimum value of €300,000 (plus VAT, if applicable). First-time sale stands for new properties and not for resales. They must have been bought from a property development company.

Contribution Amount€300,000 (plus VAT) for the main applicant;
€30,000 in a 3-year fixed deposit account with a Cyprus bank
Application Fees€500 for the main applicant;
€500 for the spouse;
€500 for each additional dependant

The property can be purchased by a company registered under the applicant’s name or jointly under the applicant and spouse. The applicant and spouse must be the sole shareholders of the company.