Cyprus residency & citizenship by investment programs

Published:
August 2, 2024
pexels photo 8332871 scaled

Cyprus is a marvelous island steeped in history. Tasteful food, enchanting beaches, rich culture, beautiful and breathtaking architecture are things that describe this island. Cyprus may offer a high quality livelihood which is presented by affordable prices, brilliant healthcare systems, business opportunities, etc. It is also vital to remember that the island is splitted into Southern and Northern parts. (the information in the article is about the South)

So, if obtaining residency and buying property in Cyprus are things you are thinking about – you have come to the right place!

This article will help you to sort out all details you are curious about! (the information is relevant for 2023)

Reasons to invest in Cyprus PR

Let’s take a look on the main reasons:

  • The island offers a quality life with a warm weather and friendly atmosphere;
  • It is vital to note that Cyprus has a low crime rate. Moreover, the island is politically steady;
  • Owning Cypriot PR give you the admission to the EU;
  • The authority of the island simplifies family application procedure;
  • Island sustains an increasing economy and give many advantages or businessmen;
  • The state has clear and appealing tax regulations (12.5% – company tax rate);
  • With a permit you will be able to visit other EU states, EEA, and Switzerland;
  • It is not obligatory to reside in a country to own a PR.

These are the common reasons why people are prone to select this island for living.

Ways to get a residence permit in South Cyprus

The Golden Visa is a program that lets non-EU inhabitants get residency in Cyprus (and then citizenship after living in a state lasting 7 years) by purchasing the property.

Nowadays there are two variants accessible:

  • Fast-track way: acquiring a housing for €300000 (including VAT). The person has to pay the upfront cost of €200000 (without VAT) when filing the application blank. Another way is to acquire a commercial property (the whole sum also €300000). The investment of the same sum of money in the share capital of a firm running here is also feasible.
  • Slow-track way: it is not obligatory to acquire property for sale or invest in business. Nevertheless, it is mandatory to present evidence of secure yearly foreign revenue of minimum €10000, growing by €5000 for every dependent individual.

The procedure of getting Cyprus Golden Visa

Here’s the guidance (the procedure lasts 2-5 month):

  1. Turn to an international citizenship consultancy;
  2. Acquire a property, business, or funds for €300000;
  3. File for a PR;
  4. Make a mandatory payment and wait until the procedure is finalized;
  5. Get an allowance for residing.

These stages will help you to complete the procedure successfully.

Conclusion

The scheme observed above is a route to Europe that is both lucrative and filled with benefits.

Cypriot PR is an ideal decision with its low investment threshold and amazing benefits for those wishing to settle down in a safe place for further life.

Related insights

PSP Licensing in Argentina: A New Era for Fintech Regulation

Today, there are new governmental and economic bodies, hence new social challenges in Argentina. Digital fiscal services in areas like payments, money transferring, and online currencies have been growing at a very fast rate. Inflation has finally come to an end, and consumers are more interested in looking beyond the saving concept. Interest in these…

Read more 11.06.2025

LATAM Fintech in 2025: What’s Changing, and What Do You Need to Know?

Fintech in Latin America has long been associated with rapid, chaotic growth and weak regulation, as if it were an unexplored frontier. Yet, as we move into 2025, in countries as wide-ranging as Mexico, Brazil, Chile, and Peru, regulation is becoming stricter in the wake of a booming digital payments environment and increasing cyber fraud….

Read more 06.06.2025

Curaçao gambling license

The curacao gambling license remains a top choice for many operators. It offers a clear path to start an online gaming business. This guide covers all you need to know. Overview of Curaçao Gaming Authority The curacao gaming authority presides over all wagering upon the isle. It promulgates statutes for security and equitableness. Issues a…

Read more 06.06.2025

Anjouan iGaming Licence

Although it wasn’t very known among many states, Anjouan gaming license has gotten a lot of attention in recent times. It is an official permission for organizations which provide them with the opportunity to perform activity in the relevant sphere. Such an authorization is given by the local governmental body. This article is going to…

Read more 02.06.2025

Top 10 countries to get a forex brokerage license in 2025

Setting up a forex brokerage is an interesting yet complicated ride. Forex brokerage license is one of the milestones in this trip. A license ensures legal compliance and holds the trust with clients and partners. The forex market currently is booming by bringing in more than $7 trillion per day in trading volume in 2025….

Read more 05.05.2025

Registration of companies in DIFC, ADGM in UAE

In the UAE, two free zone financial centers operate. These are the Abu Dhabi Global Market or ADGM for short and DIFC that stands for the Dubai International Financial Centre.  Despite some similarities in the services offered, there are some crucial points that differ them from each other. It’s high time to cycle through their…

Read more 09.04.2025

International commercial arbitration at the DIFC in UAE

Dubai, one of the emirates in the United Arab Emirates (UAE), has set itself up as an global trade and finance center. This is indicative of the establishment of reliable mechanisms for the resolution of disputes in cross-border commerce. The Dubai Global Economic Centre (DIFC) and its associated DIFC-LCIA Arbitration Centre (now transitioned to the…

Read more 07.04.2025

Crypto License in Argentina as Your Investment

Argentina’s cryptocurrency environment is advancing swiftly. As digital currencies continue to gain momentum worldwide, Argentina has emerged as one of the most energetic crypto hubs in Latin America. With the regulatory landscape becoming clearer, securing a crypto license in Argentina is turning into a lucrative investment prospect. For individuals aiming to expand into this thriving…

Read more 07.04.2025

9 Questions Sellers Must Ask to Choose the Right Business Broker

Selecting the right business-broker can make the distinction between a smooth, profitable sale and a stressful, costly method. Sellers should approach this decision strategically, as a broker’s knowledge, methods, and communication style can particularly impact the outcome. Asking the right questions upfront can help sellers identify a broker who aligns with their goals and ensures…

Read more 03.04.2025

Asset protection and privacy at DIFC in UAE

For the last time, the Dubai International Financial Centre or to be short, DIFC, has enhanced its Trust Laws adopted back in 2018. The move has further cemented the ultimate position of the financial center as the number one area to establish trusts. The Middle East Commercial Director, Leevyn Isabel, and Kenny Curpen Director of…

Read more 03.04.2025

What is a Multilateral Instrument (MLI)? Purpose, Provisions and Impact

The Multilateral Instrument (MLI) emerged as a comprehensive legal framework within the OECD’s Base Erosion and Profit Shifting (BEPS) initiative, aimed at fortifying tax integrity, closing treaty loopholes, and modernizing fiscal protocols governing cross-border transactions. Its principal objective is to deter manipulative treaty exploitation, preventing entities from engaging in artificial fiscal engineering designed to leverage…

Read more 01.04.2025

Gambling Licence in South Africa

South Africa gambling licence is an official permission for doing all betting and gaming activities in the boundaries of legislative structure set by the governmental body. The permit helps regulate the sphere, preventing illicit operations, protecting players from fraud, and ensuring that fair play standards are upheld. This guide will help you to sort out…

Read more 01.04.2025