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