CYPRUS
Permanent Residency-by-Investment Program
Located at the crossroads of Europe, Asia, and Africa, Cyprus blends Mediterranean living with a modern economy. Its Permanent Residence Program for non-EU nationals offers visa-free EU access and long-term security with no residency requirements.
Key Benefits of Cypriot Residency
- No mandatory residency obligations—renew permits with minimal visits.
- Family inclusion, covering spouse and children under 25.
- Access to English-language private schools and education opportunities.
- Business investment in a thriving EU economy.
- Wealth preservation through favourable taxation, including no inheritance tax.
Eligible family members include
Spouse
Children
Children under 25 (unmarried and financially dependent).
Investment Requirements
Applicants must fulfill one of the following investment options:
- Residential Property: Purchase 1–2 new residential properties with a minimum total value of €300,000 + VAT.
- Commercial Property: Purchase 1–2 new or used non-residential properties (offices, shops, hotels) with a minimum total value of €300,000 + VAT.
- Company Share Capital: Invest €300,000 in a Cypriot-registered company that employs at least five people.
- Collective Investment Funds: Invest €300,000 in units of Cyprus Investment Funds (AIF, AIFLNP, RAIF).
- Annual Income: Minimum €50,000 from abroad (e.g., salaries, pensions, dividends).
- +€15,000 per spouse; +€10,000 per minor child.
- Maintain the investment indefinitely to retain residency.
- Visit Cyprus once every two years.
Additional Fees and Processing Costs
In addition to the investment, applicants are responsible for the following fees:
- Includes application processing and biometrics.
- Applicable to property purchases (varies by property type).
- Mandatory if not covered by Cyprus' General Healthcare System.
Application Process
The application process typically takes 3–6 months and involves the following steps:
01
Initial Due Diligence
Submit criminal record certificates for the main applicant and adult dependants.
02
Investment Selection
Choose and complete the qualifying investment.
03
Submission
File the application through Quattro Capital or government authorities.
04
Biometrics
Attend a biometric appointment in Nicosia (timing varies based on the application stage).
05
Residence Permit Issued
Visit Cyprus within one year to collect residence permits.
Cyprus offers a favorable tax regime for residents and non-residents:
- Non-Dom Tax Regime:
No tax on foreign income for non-residents. - Residents:
Taxed on Cyprus-sourced income at progressive rates up to 35%. - No Inheritance Tax:
Ideal for wealth preservation.
