Cyprus Information
All what you need to know about Cyprus.
About Cyprus Residency
The Republic of Cyprus, located in the Eastern Mediterranean, offers a unique blend of European culture, historical richness, and strategic location. The third-largest and third-most populated island in the Mediterranean, Cyprus is geographically closer to Asia but maintains strong cultural, political, and historical ties with Europe. The island’s proximity to key regions—Turkey, Greece, the Middle East, and Africa—makes it a prime location for business and travel.
- Passport Rank 12
- Processing Time 2 to 4
- Investment Amount 300,000.00 €
- Visa-Free/Access 178 countries
Cyprus Residency by investment Program
Cyprus’s Residency by Investment Program provides individuals and their families with an excellent opportunity to obtain European residency while enjoying the benefits of living in a Mediterranean paradise. As a member of the European Union and a country that adopted the euro in 2004, Cyprus offers stability, a high-income economy, and a desirable lifestyle.
Legal Basis
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.
Benefits of Cyprus Residency Program
Key Benefits of Cyprus Residency by Investment:
- Visa-Free Travel: Residents of Cyprus can enjoy visa-free or visa-on-arrival access to Schengen Area countries, providing seamless travel across Europe.
- Fast Track to Residency: Cyprus offers one of the fastest residency programs, with approval typically within two months.
- High Quality of Life: Residents enjoy a Mediterranean climate, beautiful beaches, and a rich cultural heritage, along with access to world-class healthcare and education.
- Business and Tax Benefits: Cyprus is known for its favorable tax system and its role as a hub for international business, making it an attractive option for investors and entrepreneurs.
- Family Inclusion: The residency program allows the inclusion of the applicant’s spouse, children, and even parents, ensuring a secure future for the entire family.
- Right of establishment in all the European Union.
- Obtain Residency within 2-3 months (approximately)
- Ability to include spouse and any children up to 25 years old.
Cyprus Residency Application Proccess
Step 1
World Gate will prescreen your passport copy for government pre-approval to ensure fast processing. After down payment of the professional fees required to open your application.
Step 2
World Gate will provide assistance and advice in regard to the collection of the required documents. We will also guide you through Cypriot property options in order to satisfy your requirements. A Meeting is then set up with dedicated Attorneys in Cyprus so that a “Power of Attorney “mandate is signed in the presence of a certifying officer.
Step 3
World Gate will assist in the opening of a Cypriot bank account. We will also guide you through Cypriot property that fully satisfies your requirements (€300,000) and start preparing the property purchase documentation required to be presented for the Permanent Residency application. An initial payment of at least €200,000 must be made
Step 4
Once the purchase agreement of your property is signed and all other relevant documents gathered, the Permanent Residency application will be filed with the Migration Department. Permanent Residency is granted provided all requirements have been met.
Step 5
Once the Permanent Residency Permit has been granted, the applicant must visit Cyprus within one year to obtain the actual permit and passport stamps. The remaining World Gate fees are paid.
Investment Options
1. Real Estate Investment
- Minimum investment: € 300,000 + VAT
2. A Bank deposit in a Cypriot Bank
- Minimum amount: € 30,000 (Held for 3 Years)
3. Proof of income
- Income for Main Applicant: € 30,000
- For each dependent: € 5,000
- For each parent: € 8,000