CYPRUS

About the Cyprus golden visa program

The Cyprus Golden Visa, organized by the government of the Republic of Cyprus, officially stopped accepting applications in 2020. The program now only offers permanent residency through investment.

Regarding the Golden Visa program, individuals without Cypriot citizenship can obtain a visa through real estate investment in Cyprus. To participate, investors must meet financial requirements and other conditions such as background checks and health criteria.

cyprus_flag

Time to Residency

2 - 3 months

Minimum Investment

€300.000

Type of Investment

Real Estate Investment

Visa-free Countries

Schengen countries

About Cyprus

The Republic of Cyprus is an island in the Mediterranean Sea with a strategically important location on the famous Silk Road connecting Europe and Asia. Cyprus covers an area of approximately 9,251 km² and has a population of about 1.1 million people, 20% of whom are immigrants.
Cyprus is a tourism paradise with over 4 million tourists annually. Its economy is primarily driven by the service, maritime, and tourism sectors. The GDP per capita based on purchasing power parity was 41,254 USD in 2019.
The Mediterranean climate ensures mild weather year-round, providing stable living conditions and a healthy environment. The education system follows British standards and is free, with no disparity between private and public schools. The healthcare system is high-quality, with comprehensive facilities and free medical care for residents.
In May 2004, Cyprus officially joined the European Union (EU), and in 2008, Cyprus became part of the Eurozone (using the euro currency). As a result, holding a Cypriot citizenship  has become more powerful than ever.

Language

Greek and Turkish

Currency

Euro

Total Area

9,251 km2

Capital

Nicosia

Government

Presidential Republic

Population

1,207,359

Benefits of obtaining the Cyprus golden visa

  • Permanently own and profit from real estate in Cyprus or other EU countries.
  • Reside in Cyprus and enjoy all the legal rights and benefits as a Cypriot citizen and an EU citizen.
  • Visa-free travel to 176 countries, including the 28 EU countries.
  • No global taxation and exemption from inheritance tax.
  • Hold dual citizenship.

Special benefits of the Cyprus golden visa

  • Applicants for the Cyprus Golden Visa Program must purchase real estate from a licensed Cypriot developer. This property must be new (recently built) on the island of Cyprus.
  • Investors can choose to purchase one property worth at least €300,000 or two properties with a total minimum value of €300,000.
  • After purchasing the real estate, the requirements of the Cyprus Golden Visa do not mandate that the investor resides in the property to maintain their residency status in Cyprus (as long as the investor visits the island at least once every two years). Investors also have the option to rent out their property.
 
 
 

Cyprus citizenship and citizenship ranking

According to the latest citizenship rankings, the Cyprus citizenship is among the top 10 most powerful citizenship in the world (citizenship Index 2023) with a score of 171. The Cyprus Golden Visa allows visa-free access to 176 countries and territories.

Holders of a Cypriot citizenship can travel freely within the European Union, the Schengen Area, and the UK. They can also enter the United Arab Emirates, Brazil, Hong Kong, and Kenya using an electronic visa.

Conditions for obtaining the Cyprus golden visa

According to the latest requirements for obtaining the Cyprus Golden Visa in 2022, applicants must meet the following criteria:

  • Have a minimum annual foreign income of 30,000 euros.
  • Be in good health and have a clean criminal record, with no previous sanctions from the EU that would result in asset freezes.
  • Be at least 18 years old.
  • Be a citizen of a third country, not an EU citizen or Cypriot citizen.
  • Invest 300,000 euros in new real estate, commercial real estate, or real estate investment funds.

Costs for obtaining the Cyprus golden visa

Real estate investment

€300,000

Value Added Tax (VAT)

5% (for property purchased for personal use for the first time) or 19% (for property not purchased for personal use)

Qualified investment

 €30,000 (plus €5,000 for each dependent)

Registration fee

€500

Applying for the Cyprus golden visa

How to obtain the Cyprus golden visa?

To help you obtain the Cyprus visa as quickly as possible with accurate procedures, please contact us for guidance through the following steps:

  1. Submit your Cyprus Golden Visa application through our service.
  2. Choose the number of dependents to include in your investment application.
  3. Upon approval of your application, you will need to make the required investments as per the commitment and cover all related costs during the visa application process.
  4. Once you complete these steps, the Republic of Cyprus will issue you a permanent residence card for Cyprus.

To ensure a smooth and swift application process for the Cyprus Golden Visa, contact us immediately for the best support and most reasonable costs!

Book Free Consultation

Other Golden Visa Programs

Get free consultation

Fill out the form and we will contact you

+44
    I have minimum US $100,000 to invest *
    Start chat