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

What is the best crypto license in Georgia in 2025? VASP vs FIZ comparison

Georgia definitely welcomes overseas cryptocurrency dealers, and the latter rush to this Caucasian state with soft legislation, attractive tax conditions, and liberal authorities. What’s more, not so long ago, the crypto industry there existed absolutely unregulated by the authorities. Only in 2023 did the government finally dare to somehow “disturb” crypto entrepreneurs by clamping down…

Read more 13.03.2025

DMCC Dubai: Reliable place to register your business

As the dawn of a new year unfolds, ambitious entrepreneurs worldwide turn their aspirations toward Dubai, a rising epicenter of commerce and preference. Situated in the heart of this bustling city is the DMCC, a prestigious free zone that is constantly redefining firm success. Whether you are an established company or a new startup, DMCC…

Read more 13.03.2025

Advantages of Dubai IFZA Business Setup

3The IFZA serves as a unique haven for founders and multinational enterprises. IFZA presents a favorable atmosphere with outstanding amenities, creating a perfect backdrop for firm expansion. Through the simplicity of company formation in IFZA, developers may set up new firms quickly and profitably. Backers can retain complete authority regarding their firms in a free-trade…

Read more 13.03.2025

Starting an assets management company in Dubai, UAE: a guide

Dubai has become a global hub for economic favors, attracting depositors and enterprises from around the world. Specifying an asset management company in Dubai can be highly profitable, but the process needs careful planning and adherence to local rules. This guide outlines the key steps, lawful requirements, and best practices for setting-up an acquisition governance…

Read more 13.03.2025

Malta, Intellectual Property Rights, tax planning opportunities

In today’s dynamic business arena, Malta, Intellectual Property Rights, and tax planning opportunities serve as vital pillars for innovation and sustainable growth. These factors drive competitiveness and inspire strategic advancements. Companies aiming for comprehensive market insights are encouraged to adopt integrated approaches that blend legal protection with fiscal efficiency. For more detailed analysis on emerging…

Read more 13.03.2025

Business Brokers: Everything You Need to Know

The method of buying or selling a business-company is intricate and involves multiple financial, lawful, and operational considerations. Without the right guidance, it can be overwhelming for both entrepreneurs seeking to purchase a firm and enterprise owners aiming to sell their ventures. This is where business brokers come into play as essential facilitators, ensuring that…

Read more 13.03.2025

Legal Aspects of Business Setup in Dubai Airport Free Zone

Dubai has long been a sought-after goal for entrepreneurs and investors looking to launch their firms in a thriving and business-friendly atmosphere. Among the multiple free-zones in the UAE, Dubai Airport Free Zone (DAFZA) stands out as a prime choice for enterprises seeking strategic positioning, tax benefits, and streamlined processes. This article will explore the…

Read more 12.03.2025

Dubai Media City Free Zone: The Perfect Hub to Launch Your Media Venture

Why Dubai Media City (DMC) is the Ideal Choice for Your Media Business Dubai has transformed into a global hub for entrepreneurs, with its strategic location, business-friendly environment, and world-class infrastructure. One of a variety of free zones, DMC stands as the ultimate center for creatives, digital agencies, and digital content corporations. More benefits of…

Read more 12.03.2025

Fund Manager License in UAE | UAE License Categories

The United Arab Emirates (UAE) has established itself as a global economic hub, attracting investors, fund managers, and monetary institutions seeking to operate in a regulated and investor-friendly environment. The country offers multiple options for acquiring a Fund Manager License in UAE, allowing firms to engage in UAE investing management, wealth advisory, and protection trading….

Read more 12.03.2025

Guide to the DIFC Asset Manager License

The Dubai International Financial Centre (DIFC) is steadily earning recognition as a prominent global economic hub with a well-structured adjustment circumstances for firms working in the acquisition governance sector. Companies aiming to establish an investing governance business in Dubai are required to obtain the DIFC Asset Manager License, a mandatory certification that authorizes them to…

Read more 12.03.2025

Dubai Internet City: A Cutting-Edge and Progressive Solution for Launching Your Business

Dubai has cemented itself as a international epicenter for commerce, attracting visionaries, entrepreneurs, and investors from all corners of the world. Among the many thriving business districts in the UAE, Dubai Internet City (DIC) emerges as a premier choice for enterprises looking to establish a strong foothold in the digital and technology sectors. This article…

Read more 12.03.2025

Opening a Corporate Bank Account in UAE: Fundamental Guidelines for You and Your Enterprise

The United Arab Emirates (UAE) has evolved into a premier global business hub, drawing businessmen and investors from across the world. With its investor-friendly ecosystem, tax incentives, and prime geographical location, the UAE presents abundant possibilities for corporations seeking expansion. One of the essential phases in specifying a enterprise foothold in the UAE is setting…

Read more 12.03.2025