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───  CYPRUS  ───

CITIZENSHIP BY INVESTMENT
Cyprus offers a Golden Visa program that provides non-EU citizens with residency through a qualifying investment, primarily in real estate. The minimum required investment is €300,000 in residential property. The program grants a permanent residency permit without the need for continuous stay, making it an attractive option for investors seeking flexibility. It includes the ability to bring immediate family members and allows holders to travel within the Schengen Area. Investors must maintain the investment for the residency permit to remain valid, and there are additional opportunities for tax incentives and business expansion in Cyprus.

PROGRAM OVERVIEW

I CYPRUS RESIDENCY LAW

Cyprus offers a Residency by Investment program, which allows non-EU nationals and their families to obtain residency in Cyprus through qualifying investments. Under the program, applicants can secure a permanent residency permit by making a minimum investment in real estate valued at €300,000. The investment must be in residential properties, and applicants are required to maintain a Cyprus-based bank account with a minimum deposit of €30,000. In addition to real estate, the program offers other investment options, such as investments in Cypriot companies or government bonds. The residency permit is typically granted for an initial period of two years and can be renewed as long as the investment requirements are maintained. Applicants must also demonstrate that they will not be a financial burden on the Cypriot state and must visit Cyprus at least once every two years to retain their residency status.

PROGRAM BENIFIT

INVESTMENT TYPE & COST

In addition to one of the three investment options, investors must demonstrate an annual income of at least EUR 50,000, and additional EUR 15,000 per Investors must prove they have a minimum yearly income of EUR 50,000, with an extra EUR 15,000 for spouses and EUR 10,000 for each dependant, in addition to one of the three investment alternatives. Consideration may be given to the spouse's income (if any), which may include dividends, fixed deposits, pensions, salaries, wages, and rental income.year for spouses and EUR 10,000 per year for each dependent. Spouse’s income (if any) can be considered which may include salaries, wages, pensions, dividends, fixed deposits, and rental income.

APPLICATION PROCESS AND TIMELINE

MONTH 1

PREPARATION AND CONSULTATION

- Applicant contacts I VISA SERVICES for consultation.
- I VISA SERVICES provides information on Cyprus golden visa program, requirements, and services.
- Applicant gathers required documents such as passport copies, proof of funds, health insurance, etc.
- I VISA SERVICES advises on necessary documentation and assists in preparation.
- I VISA SERVICES reviews the documents for completeness and accuracy before submission to the Cyprus authorities

MONTH 2

INVESTMENT PLANNING AND DOCUMENTATION

- Applicant finalizes investment plans, whether it’s real estate, business, or government bonds. - I VISA SERVICES provides guidance on suitable investment options and assists in property search or other investment processes.
- I VISA SERVICES conducts due diligence checks on behalf of the applicant to ensure compliance with Cyprus regulations.
- Financial transactions are arranged in accordance with investment requirements.
- Applicant submits investment application along with required documents to I VISA SERVICES.
- I VISA SERVICES reviews the application and ensures all necessary documentation is in order before submission to authorities.

MONTH 3

APPLICATION SUBMISSION AND APPROVAL PROCESS

- Authorities review the application and conduct necessary background checks.
- I VISA SERVICES liaises with the authorities on behalf of the applicant, providing any additional information or documentation as required.
- Upon approval, residency permits are issued to the applicant and their family members.
- I VISA SERVICES assists with the collection of residency permits and any post- approval requirements.
- I VISA SERVICES provides ongoing support for any residency-related issues, including renewals, extensions, or changes in circumstances.
- Applicant can also seek assistance from I VISA SERVICES such as finding accommodation, schools, or healthcare facilities

ELIGIBILITY REQUIRMENTS

REQUIRED DOCUMENTS

At I VISA SERVICES, we specialize in providing efficient and seamless support for acquiring Cyprus Residency. Our dedicated team of experts is committed to guiding you through every step of the process, ensuring a smooth and hassle-free experience. With our personalized approach and in-depth knowledge of Cyprus immigration laws, we strive to help you achieve your residency goals swiftly and confidently.

  • Original and certified copies of valid passports of all applicants.
  • Certified copy of marriage certificate.
  • Certified copy of birth certificates.
  • Health insurance is mandatory for all applicants.
  • Proof of permanent address in Cyprus.
  • Receipt demonstrating payment of relevant fees.
  • Evidence of No criminal convictions.

  • Proof of the required declaration of annual income through bank statements.
  • Documents proving the investment amount has been transferred from abroad.
  • Investment-related documents proving ownership.

FAQ

Frequently Asked Questions

The Cyprus Golden Visa allows investors to obtain Cyprus permanent residency with an unlimited duration by choosing one from the various investment options, which could be either residential or commercial Real Estate properties, shares of Cypriot companies, or shares of Cypriot investment funds.

The Cyprus Permanent Residency by Investment Program does not allow investors to work in Cyprus.

Yes, if the holder stays outside Cyprus for 2 years.

To be eligible for the Cyprus Permanent Residence by Investment program, the Main Applicant must be at least 18 years old and can include their spouse, children under 18 and dependent children under 25 years of age.

Applicants have three options to acquire residency through the Cyprus Permanent Residency Investment Program: by investing in real estate, purchasing shares of Cypriot companies, or purchasing shares of Cypriot Investment funds.

Yes, Cyprus allows the nationals of the Republic of Cyprus to hold dual citizenship.

The Cyprus Residency by Investment Program presents a range of benefits catering to potential investors' needs and aspirations. These advantages encompass the absence of a physical residency requirement, the provision of healthcare rights, and favourable tax exemptions on income, capital gains, and inheritance. Moreover, the program offers the opportunity for businesses to thrive with low corporate tax rates. It provides a pathway to citizenship in just five years for those seeking a long-term settlement.

It takes 3 months to process a Cyprus residency by Investment application.

The costs involved for the Cyprus residency by investment program depend on the applicant’s investment choice. The minimum cost is EUR 300,000 plus VAT.

A holder of the Cyprus residency by investment can apply for citizenship after 5 years of actual stay in Cyprus within a 7-year period. The equivalent number of days of stay that must be completed is 1825 (5x365). The applicant needs to be in Cyprus continuously in the last year before applying.

Contact Citizenship Invest, sign the Retainer Agreement, and pay the first fee to start your application today.

CONTACT A CONSULTANT

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