The Cyprus Residency by Investment Program offers an attractive pathway for investors seeking permanent residency in Cyprus. Here are the key details:
Eligibility and Benefits:
Successful applicants and their families can obtain a Cyprus immigration permit with unlimited duration within just two months.
The program allows unrestricted entry and stay within Cyprus.
It includes the applicant’s spouse and minor children.
Healthcare benefits are available under the General Healthcare System.
No continuous stay is required; a visit every two years is sufficient to retain residency status.
While there is no right to work in Cyprus (except when investing in company shares as a director), the applicant and/or their spouse may be appointed as unsalaried directors of companies.
Investment Options:
Applicants must invest at least €300,000 in one of the following categories:
Buy a Residential Property:
Purchase a brand new house or apartment for at least €300,000 plus VAT.
Off-plan properties are also eligible.
If the applicant and spouse buy together, the combined investment should meet the minimum requirement.
Purchase Commercial Properties:
Includes offices, shops, hotels, or related developments.
Resales or used properties are acceptable.