Families can benefit from a broad range of reputable public and private schools, providing outstanding levels of education. The local Colleges and Universities in Cyprus are also recognized internationally.

As a member of the European Union with 340 days of sunshine, mild winters, and warm and hospitable people, Cyprus has long been a destination for those desiring a second home, real estate investments, or a second citizenship and passport.

Located in the Eastern Mediterranean, Cyprus boasts a stable and resilient economy due to both the services sector as well as the natural gas reserves. The island also has the lowest corporate tax rate in Europe of only 12.5% making it a desirable location for businesses to operate.

PROGRAM SUMMARY

RESIDENCY BY INVESTMENT

INVESTMENT AMOUNT Under EUR 300,000 (REGULAR PROCESSING)
EUR 300,000+ (FAST TRACK)
INVESTMENT TYPE Real Estate
SPOUSE Yes
CHILDREN Yes (up to age 25 if financially dependent and enrolled in higher education)
PARENTS Can include parents of both investor and spouse
PROCESSING TIME 15 months (Regular Processing)
60 days (Fast Track Processing)
PHYSICAL RESIDENCY REQUIREMENTS One visit every 2 years to maintain residency
LENGTH OF STATUS RECEIVED Lifetime
PERMANENT RESIDENCY Immediate
CITIZENSHIP Eligible after 7 years of Permanent Residency (Must have lived 5 out of 7 years in Cyprus)
SPECIFIC PROGRAM REQUIREMENTS Must show clean source of funds.
Cannot work in Cyprus (but can open business if Cypriot employees are managing and working in business)
NATIONALITY DISQUALIFICATIONS No
DUAL CITIZENSHIP Yes

YOUR JOURNEY

STEP ONE

Biometrics and application for residency are submitted / Application will be examined by Civil Registry and Migration Department

STEP TWO

Within 60 days - Application is submitted to the Ministry of Interior for a decision

STEP THREE

Approval is granted / Applicant and all family members must visit Cyprus within one year to obtain physical permit

STEP FOUR

Applicant and all family members will visit migration office for biometrics which is then submitted if not already submitted with submission of initial application

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STEP GLOBAL offers a uniquely tailored package catered to each individual's background and requirements, in an effort to create a brighter future for you and your family.