Cyprus Residency by Investment
Our Programs
Cyprus permanent residency program by investment is one of the most successful residency programs in Europe. the Golden Residence Permit Program in Cyprus, grants the right to live and study in Cyprus. New residents gain the right to participate in a modern, vibrant, and economically growing country that is internationally renowned and very centrally located. Cyprus Residency can be used as a first step towards Cyprus Citizenship. This can be acquired in 5 years, provided all the requirements are met.
What Makes Cyprus Different
RBI Programs
One of the most successful residency programs in Europe, the Golden Residence Permit Program in Cyprus, grants the right to live, work and study in the country, with visa-free access within the Schengen zone.
Tourism
Cyprus is a beautiful and sunny Mediterranean island, with long hot summers and mild winters, which are ideal for intense summer holidays and long leisurely winters. As well as it being wonderfully idyllic sunny island, Cyprus has an amazingly rich culture with exceptional cuisine and exquisite scenery and has been a constant draw for tourists for decades.
Moving to Cyprus as an expats
Cyprus has a number of very interesting tax agreements in place, which make it a very interesting place for certain nationalities. Cyprus is considered an ideal destination for permanent residence for non-EU nationals.
Country Information
Cyprus gained independence from the UK in 1960 and became known as the Republic of Cyprus. In 1974, Turkish troops invaded the northern part of the island to lay their claim and create the Turkish Cypriot State. The island of Cyprus lies 40 miles south of Turkey, 60 miles west of Syria, and 480 miles southeast of mainland Greece. The island is best known for its rugged beauty and enjoys a Mideteranian climate with hot dry summers and wet milder winters. The islands population is approximately 1.2 million, with around 880,000 residing in southern Cyprus. The capital and largest city in the Republic of Cyprus is Nicosia and the languages of the island are Greek, English and Turkish.
Distance From
Rome 688 KM, Monaco 1,071.48 KM, Tripoli 34174 KM
Currency
Euro (EUR)
Visa Free Countries
Total 176
Language
Greek and Turkish
Population
1,219,772
Capital
Nicosia
Program Benefit
OTHER BENEFIT
Cyprus residency has many other benefits, these include a modern robust financial and legal system, safe security forces and lots of shopping options. It is also an important country in the region which is ethnically diverse and has a great infrastructure.
SUCCESSION AND THE FAMILY
Taking up a Cyprus permanent residency opens up new residents and their families to a vast array of good quality schools and universities. Cyprus is a modern and safe country, one in which the family plays a very central role in most people's lives. Cyprus has a wonderful quality of family life.
SECURITY AND MOBILITY
A second residence from a stable and peaceful country can be life-saving in the event of any kind of political unrest in one’s home country. This type of insurance is priceless for investors and their families. If the correct residency rules are adhered to, residents may become eligible to apply for Naturalisation and eventually could receive Citizenship and a passport.
Who’s Eligible
Main Applicant
Must be at least eighteen years of age. Must have made an investment in the prescribed amount. Must meet other application requirements.
Permitted dependent
- Spouse
- Unmarried children, biological or adopted, of the main applicant or of the spouse, if under the age of 18.
- Un married children, biological or adopted, of the main applicant or of the spouse aged 18 but younger than 24 years old, provided that they're a student.
- Dependent parents of the main applicant or of the spouse
Qualifications and Investment Options
To qualify for citizenship, applicants must fulfill one of the investment options below in addition to the following criteria:
- Not has been refused a visa from another country that Malta has a visa-free agreement;
- Be of excellent health;
- Have a sufficiently high personal net worth;
- Make a qualifying investment;
- Hold no criminal record.
Residential Real Estate
Purchase of new residential real estate (house/apartment), with a purchase price of at least €300,000 (excluding VAT). Prior to the residency application at least €200,000 should be paid on the signing of the sales Contract.
Investment Real Estate
Purchase of up to two investment real estate properties, such as offices, shops, hotels, or other developments with a total market value of €300,000 (excluding VAT).
Share Capital of a Cyprus Company
Investment of at least €300,000 in the share capital of a Cyprus company, which is based and operates in Cyprus, has substance in Cyprus, and employs at least 5 people in Cyprus.
Collective Investment Funds
Investment of at least €300,000 in units of a Cyprus Investment Organization of Collective Investments (type AIF, AIFLNP, RAIF).
Other relevant facts
The main applicant must provide evidence of a secure annual income of at least €30,000. (This increases by €5,000 for every dependent person, and by €8,000 for every dependent parent or parent-in-law); The Contract of Sale must be officially filed at the Cyprus Department of Lands and Surveys; The property can be purchased by a company registered under the applicant’s name or jointly under the applicant and spouse. Applicant / spouse must be sole shareholders; The property can be rented out.
Costs
To qualify for residency, applicants must fulfill one of the investment options below in addition to the following criteria:
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. First-time sale stands for new properties and not for resales. They must have been bought from a property development company.
*In addition to the Real Estate investment there will be VAT and fees to be paid
How The Process Work
Talk to NG Global Citizens Advisor
Choose Investment Option
Prepare and finalise documentation
Open Cyprus local bank account
Complete the Investment
Book a biometric appointment
Submit residency application
Receive Cyprus residence permit
Talk to NG Global Citizens Advisor
Choose Investment Option
Prepare and finalise documentation
Open Cyprus local bank account
Complete the Investment
Book a biometric appointment
Submit residency application
Receive Cyprus residence permit
