Cyprus Permanent Residency by Investment (Golden Visa – Regulation 6(2))
The Cyprus Permanent Residency Program, commonly referred to as the Golden Visa, offers non-EU nationals and their families the opportunity to secure permanent residence in Cyprus through investment.
The program is regulated under Regulation 6(2) of the Aliens and Immigration Regulations and remains one of the most attractive residency routes in the European Union, combining a straightforward process with long-term stability.
Why Consider Cyprus Permanent Residency?
- Secure status: Permanent residence valid for life, provided the investment and conditions are maintained.
- Family coverage: The permit includes the applicant’s spouse, children under 18, dependent children up to 24 (if unmarried and studying), and parents of the applicant and/or spouse.
- Straightforward process: Applications are usually processed within 6–12 months.
- Residency rights: Permit holders must visit Cyprus within 1 year to provide biometrics, and at least once every two years thereafter to maintain the status.
- Tax efficiency: Potential access to Cyprus’s favourable tax regime, including exemptions on dividends, interest, and gains from securities (subject to tax residency).
- Quality of life: Safe environment, advanced healthcare, English widely spoken, and 320 days of sunshine per year.
- Strategic hub: Cyprus combines EU membership with an advantageous corporate tax rate (12.5%) and a strong professional services sector.
Investment Criteria
Applicants must invest at least €300,000 (plus VAT where applicable) in one of the following categories:
- Residential Property – Purchase of a new house or apartment from a developer (resale properties are excluded).
- Commercial Real Estate – Investment in offices, hotels, shops, or other developments (resales permitted).
- Cyprus Company – Capital investment in a Cyprus company with physical offices and at least five employees.
- Regulated Investment Funds – Subscription of €300,000 in units of Cyprus-regulated funds (AIF / AIFLNP / RAIF).
Note: If the qualifying investment is sold, it must be replaced with another eligible investment of equal or greater value to maintain the residency.
Financial Requirements
- Annual income: Minimum €50,000 from abroad, plus €15,000 for a spouse and €10,000 for each dependent child.
- Income may come from salaries, dividends, pensions, rental income, or interest.
- In non-residential investment options, part of the income may also be generated in Cyprus.
Documentation & Conditions
- Clean criminal record from the applicant’s country of origin and residence.
- Health insurance covering medical care in Cyprus (if not enrolled in GHS).
- Certified translations for all documents not in English or Greek.
- Card validity: The residence permit card is issued with a 10-year validity and must be renewed upon expiry.
- Absence rule: The holder must not remain outside Cyprus for more than two consecutive years.
Application Process
- Preparation: Collection of documents, proof of funds, and translations.
- Submission: Filing with the Civil Registry & Migration Department.
- Examination: Review by the Ministry of Interior.
- Approval & Biometrics: Once approved, the applicant visits Cyprus within one year to provide biometrics and collect the residency card.
Our Services
We provide a turnkey solution for obtaining Cyprus Permanent Residency:
- Guidance on eligibility and investment options.
- Introduction to licensed real estate developers and trusted business partners.
- Drafting and review of all documents.
- Full preparation and submission of the residency application.
- Assistance with local bank account opening.
- Ongoing updates during examination.
- Collection of residency cards and ongoing compliance advice.
Contact us today for a tailored consultation on how Cyprus Permanent Residency can support your business, investment, and family planning objectives.