Cyprus Golden Visa | Get A Cyprus Visa By Investment Program

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.

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 obtain the Cyprus Golden Visa through investment, Second Citizenship is ready to accompany clients throughout the entire process:

We provide consultation to help clients choose an investment program that aligns with their personal goals and value.
We assist in preparing application documents, registration procedures, and due diligence requirements.
We help clients analyze investment projects, evaluate opportunities, and assess the potential of each real estate option.
We monitor the status of applications, notify clients upon approval, and support the completion of the investment and confirmation documentation.
Once all procedures are completed, the Cyprus government authority will verify and issue your Golden Visa

Second Citizenship, a leading consultancy firm in Vietnam, offers efficient, reliable, and dedicated support for clients pursuing the Cyprus Golden Visa. For more details about the Cyprus Golden Visa program, visit our website: https://quoctichthuhai.com/.!

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Cyprus golden visa: Frequently asked questions

What is the minimum investment required for the Cyprus Golden Visa program?

The minimum investment starts from €300,000 for a real estate purchase.

What is the Cyprus Golden Visa program?

The Cyprus Golden Visa program allows individuals and their family members to obtain long-term residence in the country through significant economic contributions.

What are the residency requirements for the Cyprus Golden Visa?

Participants are required to visit Cyprus at least once every two years to maintain the validity of their residence permit.