The Government of Cyprus offers a Permanent Residence by Investment program, enabling eligible non-EU nationals to obtain permanent residency through a qualifying investment in Cyprus.
Under the current scheme, applicants qualify by purchasing new residential property in Cyprus with a minimum value of €300,000 (plus VAT, where applicable).
Criteria
- The applicant must possess a valid passport.
- Purchase property in Cyprus with a minimum of € 300,000.
- Have a guaranteed income to live in Cyprus.
- Must have a clean criminal record.
Benefits
- A very easy and secure property investment.
- The program includes the father, mother and all the children.
- Possibility to include the parents of the father and mother, under specific income and investment conditions.
- This residency does not need to be renewed yearly, it is life valued.
- The program does not require the applicant to live in Cyprus.
- If reside out of Cyprus, then a visit to Cyprus is needed once every two years.
- The full right to apply for naturalization after 8 years of living in Cyprus continuously.
Key Features
- Streamlined application procedure.
- No requirement to reside permanently in Cyprus.
- No routine immigration interview.
- Permanent Residence status for eligible applicants and their qualifying family members.
- Opportunity to invest in new residential property in Cyprus.
Living in Cyprus
- Pleasant Mediterranean climate.
- Attractive environment combining sea, hills and mountains.
- Hospitality and respect to all religions and cultures.
- English language speaking by majority of community.
- Cyprus enjoys a high level of safety and a relatively low crime rate.
- High level of living standard with moderate costs.
- Strategic location connecting Asia, Europe and Africa.
- Cyprus offers one of the most competitive corporate tax systems in the European Union.
- High-quality education with a wide selection of English-language private schools.
- Modern healthcare system operating in line with EU standards.
- Social activities, entertainment and shopping centers.
- Cyprus is actively working towards accession to the Schengen Area.
Invest in Cyprus
- Strategic location at the crossroads of Europe, Asia, and the Middle East.
- Full membership in the European Union.
- One of the most competitive corporate tax systems in the European Union.
- English is widely used in business and professional services.
- High level of safety and political stability.
- Modern telecommunications and well-developed transport infrastructure.
- Well-regulated banking and financial services sector operating under EU standards.
- Strong potential for future economic growth and investment.
Required Documents
All documents must be submitted in English or Greek. Documents issued in any other language must be accompanied by an official certified translation. Foreign public documents must be duly certified (e.g. Apostille or other applicable legalization, depending on the country of issue).
- Notarized Passport Copy.
- Curriculum Vitae (including academic qualifications).
- Proof of residential address.
- Two (2) photographs for each member in the family.
- Documents to prove income from other sources other than employment in Cyprus. (shares, companies, industry, rentals, etc.)
- Certificate of Clean Criminal Record.
- Marriage Certificate.
- Birth Certificates.
Documents prepared by Cynvestco
- Health Insurance Certificate for each member of the family.
- Original documents to prove the purchase of property in Cyprus.
- Statement of money transfer and deposit account in a Cypriot bank.
- Affidavit to show the yearly income of applicant.
How Can we Help you
- Support the applicant in obtaining a visa.
- Transportation from and to the airport.
- Booking a hotel and a flight on request.
- Touristic tour in the cities.
- Viewing the houses for purchase.
- Interviews to explain the program.
- Open a bank account in a Cyprus bank.
- Prepare the contract of sale.
- Registration of the property.
- License for a house purchase from authorities.
- Apply for the permanent residency.
- Follow up for the preparation of documents.
- Health insurance in Europe.
- Prepare relevant documents.
- Register the municipality services.
- Follow up taxes and fees.
- Transfer the ownership of the property.
- Stamping passports with the Permanent Residence.
- Apply and get the identity cards.
A visit to Cyprus of 4–7 days is generally sufficient to complete the initial steps of the application process. During your visit, you can tour the island, select your property, open a bank account (if required), sign the necessary application documents, and complete any other formalities.
Cynvestco provides comprehensive support throughout the entire process, assisting applicants from the initial consultation through to the successful completion of their Permanent Residency application.
