Cyprus

Introduction

The birthplace of Aphrodite, the Greek goddess of love, beauty and passion, Cyprus has long been a choice destination of holidaymakers and business people alike.

An idyllic sunny island at the crossroads between Europe, Africa and Asia, Cyprus boasts a strong tourism industry. In the summers, visitors and locals alike flock to the island’s many beaches to enjoy the sun, while spring sees the island’s hills covered in a carpet of flowers.

In the south lies Limassol, a thriving seaside city with a vibrant marina – a popular summertime destination for yacht owners. In the south-west, Paphos and its world-class archaeological sites such as the UNESCO World Heritage site of the Tombs of the Kings. In the East, Agia Napa houses some the island’s best sandy beaches.

With historical ties to Britain, Cyprus has numerous schools that follow the British curriculum, and many students go on to study at UK universities. The country has a resilient economy and showed continued sustained growth following the last recession. Measures implemented to stimulate the economy has accelerated Cyprus’ GDP growth placing the island amongst the highest accelerating economies in Europe.

Program Advantages

Fast application process with high approval rate

Low residence requirements: visit once every two years

High standard of life and education

All of the main applicant’s family members benefit from the Cyprus Residence Programme

Advantageous regime for tax residents

Viable route to Cypriot citizenship

Program Requirements

THE CYPRUS Residence PROGRAMME REQUIRES A PERSON TO MAKE A SIGNIFICANT ECONOMIC CONTRIBUTION TO THE COUNTRY. IN EXCHANGE, AND SUBJECT TO A STRINGENT VETTING AND DUE DILIGENCE PROCESS, INCLUDING THOROUGH BACKGROUND CHECKS, THE APPLICANTS AND THEIR FAMILIES ARE GRANTED permanent residence in Cyprus.

The requirements for the Cyprus Residence programme are as follows:

For the Main Applicant

For the Main Applicant

Property purchase with a minimum value of EUR 300,000 + VAT

AND

EUR 30,000 deposit in a Cyprus bank for 3 years

For Dependent Family Members

For Dependent Family Members

EUR 5,000 for spouse

EUR 5,000 for children under 18 (or 18-25 and in full-time studies)

EUR 8,000 for each dependent parent

Program Features

Your second home by the sea

Cyprus is an established holiday destination and enjoys a warm, sunny climate almost all year round. Most of the local residents speak English and many can also speak Russian, making communication simple. Cyprus has excellent air links to all of Europe and the rest of the world, allowing for easy travel to and from the island at any time.

Application Timeline

Stage 01

Choose your property

We will assist with arranging viewings

Based on your budget and expectations for future returns, our advisors can discuss the available options with you in order to ensure that you select a property that suits your goals.

Stage 02

Submit application

Our team prepares and submits your documents

The application and supporting documentation are submitted for processing and due diligence. Your individual time-frame may vary depending on the status of your chosen development. You will be required to make your bank deposit and complete your property purchase at this time.

Stage 03

Receive approval and residence permit

Make your investments, and receive your investment certificate

Once your application has been approved, you will be issued with your residence permit.

Stage 04

All done!

Visit every two years to maintain your status

Our team will be happy to assist you with monitoring and maintaining your residence status.

Everywhere You Want to Live