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Residency by
Investment in Cyprus

Cyprus, a Mediterranean island nation known for its rich history, strategic location, and stable economy, offers a highly sought-after Residency by Investment (RBI) program. Through this initiative, non-EU nationals can secure permanent residency in Cyprus by making a qualifying investment, often in real estate. The Cyprus RBI program is recognized for its efficiency, transparent regulations, and the attractive lifestyle the country provides — from excellent healthcare and education to a mild climate and vibrant cultural scene.

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Why Choose Cyprus?

  • Strategic Location: Situated at the crossroads of Europe, Africa, and the Middle East, Cyprus provides easy access to multiple continents. This prime positioning makes it an ideal hub for business activities, international trade, and global travel.
  • Stable Economy and EU Membership: As a member of the European Union, Cyprus benefits from robust legal frameworks, investor-friendly policies, and economic stability. Permanent residents enjoy operating within a secure environment that adheres to EU standards and regulations.
  • High Quality of Life: With its sunny climate, pristine beaches, and a laid-back lifestyle, Cyprus delivers an exceptional quality of life. Residents appreciate the island’s modern infrastructure, top-tier private healthcare, reputable international schools, and a welcoming multicultural community.

Benefits of Cyprus Residency

  • Enhanced Mobility and EU Access
    While the Cyprus residency permit does not provide direct EU-wide free movement rights like citizenship, it allows residents to live indefinitely in Cyprus and travel to and from the country with ease. Cyprus’ status as an EU member often simplifies dealings with other European countries, whether for business or pleasure.
  • Pathway to Citizenship

    Although the residency program itself does not guarantee citizenship, maintaining permanent residency in Cyprus for a set period (in compliance with national laws and meeting further criteria) may position applicants for future citizenship considerations. This long-term perspective can be advantageous for those looking to deepen their ties with the EU.
  • Business and Investment Climate

    Cyprus offers a pro-business environment with a competitive tax regime, extensive double-taxation treaties, and a robust legal system based on English common law. These factors facilitate enterprise growth, investment portfolio diversification, and secure wealth management strategies.
  • Family Inclusion and Stability

    The Cyprus RBI program extends its benefits to the entire family. Spouses and dependent children can obtain residency status, ensuring that families can reside together, access quality education and healthcare, and enjoy the island’s safe, family-friendly environment.
  • No Language or Residency Requirements

    The program does not mandate long-term physical residence or language proficiency. This flexibility allows investors to maintain their existing lifestyle and commitments elsewhere while still securing a valuable residency status in Cyprus.
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Investment Options and Requirements

Real Estate Investment
  • Option Details: The primary route to obtaining residency in Cyprus is through real estate investment. Applicants must invest at least EUR 300,000 (plus VAT) in one or two new residential properties purchased from a development company. Commercial properties or a combination of residential and commercial real estate may also be considered under certain conditions.
  • Benefits: Investing in Cyprus real estate provides access to a stable property market with potential for capital appreciation and rental income. The property(ies) purchased must be held long-term to maintain residency status.
Additional Financial Criteria
  • Secure Annual Income: Applicants must demonstrate a stable annual income originating from abroad (e.g., salaries, dividends, rental income) sufficient to cover living expenses in Cyprus. The base minimum is typically around EUR 30,000 per year, increasing by set amounts for each dependent included in the application.
  • Clean Financial and Criminal Record: Proof of legitimate fund sources and a clean criminal record are prerequisites. Cyprus upholds strict due diligence standards to ensure the integrity of its RBI program.

Eligibility Criteria

General Requirements

Age and Health

The principal applicant must be at least 18 years old. While there are no strict health requirements, investors should have valid health insurance covering medical expenses in Cyprus.

Background Check

A clean criminal record is mandatory. Applicants and adult dependents undergo thorough background checks to maintain program integrity and national security.

Dependents

Family Inclusion

The residency permit can be extended to the investor’s spouse and dependent children under 18. Additionally, unmarried adult children between 18 and 25 who are financially dependent on the applicant and studying full-time may also qualify.

Parents of the Investor or Spouse:

In some cases, residency can be granted to the investor’s or spouse’s parents, provided additional financial criteria are met.

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Application Process

Step-by-Step Guide
  • Initial Consultation: Discuss your objectives and personal circumstances with Citizenship360. We evaluate your eligibility, advise on the optimal property investments, and outline documentation requirements.
  • Documentation Preparation: Collect necessary documents, including proof of funds, title deeds or sales agreements for real estate, police clearance certificates, health insurance, and identification.
  • Investment Execution: Collect and prepare all necessary documentation, including identification, financial records, and legal paperwork, with the assistance of Citizenship360.
  • Investment Execution: Pay the property purchase price and secure the title or sales contract. Ensure all legal and financial obligations are met according to Cypriot regulations.
  • Submission of Application: Citizenship360 Submits Your Application: We present your complete application to the Cypriot authorities, ensuring compliance with guidelines and accuracy of submitted information.
  • Due Diligence and Approval: Background Checks: The authorities verify your application, conduct due diligence, and confirm that all financial and legal criteria are fulfilled. Upon approval, you receive a confirmation letter.
  • Issuance of Residency Permit
    :     After approval, you (and your included family members) will be issued the Cyprus permanent residency permit, enabling you to reside in Cyprus indefinitely.
Timeline

Processing Time: Under the fast-track procedure, the Cyprus Permanent Residency (Category 6(2)) is typically granted within 2 to 3 months from submission, provided all criteria are met and documents are in order.

Cost & Fees

Investment Costs

Real Estate Investment: Minimum EUR 300,000 (plus VAT) in eligible properties.

Additional Expenses
  • Legal fees for property purchase and application
  • Property transfer fees and stamp duties
  • Professional services for document verification and translation
  • Health insurance premium.
  • Government and Administrative Fees
Application and Processing Fees

Payable to Cypriot authorities upon submission.

Residence Permit Issuance Fee

Charged per applicant, including dependents.
Citizenship360 provides a transparent cost breakdown during the initial consultation, ensuring you understand all required fees and avoid unexpected expenses.

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FAQ’s

What are the basic requirements for the Cyprus RBI program?

Applicants must invest in qualifying real estate, prove sufficient annual income, have a clean criminal record, and provide necessary documentation.

Can I include my family members in the residency application?

Yes, spouses, dependent children, and in certain cases, parents, may be included, subject to meeting additional criteria.

Does residency lead to EU citizenship in Cyprus?

While permanent residency alone does not guarantee citizenship, long-term residents may be eligible to apply for citizenship after meeting the required residency period and other conditions.

Will I be taxed on my global income as a resident?

Cyprus applies tax rules based on residency. With proper planning, residents can benefit from Cyprus’ advantageous tax regime. Seek professional tax advice for personalized guidance.

Must I live in Cyprus to maintain residency?

Cyprus does not mandate continuous physical presence. However, maintaining some ties to the country (e.g., property ownership) is essential for retaining your permit.

Do I need to renew the residency permit?

The Permanent Residency Permit is indefinite, but periodic reissuance of identity documents may be required. Stay informed of any regulatory changes through Citizenship360.