Program Brochure
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About Cyprus
The Republic of Cyprus, which is part of the European Union (EU) since 2004, is an island country located in the Eastern Mediterranean. Key factors that make Cyprus an attractive destination for investment is the highly specialized human capital, the reliable legislative and regulatory framework, the stable tax system and the safety and stability conditions prevailing in the country.
About Program
Based on Regulation 6(2) of the Aliens and Immigration Regulations, third country nationals and their qualified dependents can acquire Cyprus Permanent Residency, by investing in the country, provided the relevant conditions are satisfied.
Benfits
Right to apply for EU Cyprus Citizenship after 7 years
Visa-free travel to European Union
2 months processing period
Applicants can include a spouse, children under 18, and children between (18-25) with requirements, as well as add dependents after they have been granted residency.
Who is eligible ?
Be 18+ years old
Clean criminal record
In possession of health insurance
Entire family is eligible:
Main Applicant's spouse, Minor children, children 18 - 25 y/o under certain condition
Financial Requirements
| Cyprus Permanent Residency by Investment Programme “* | ||||
|---|---|---|---|---|
| €300,000 | Investment in a house/apartment | |||
| Investment in real estate excluding houses or apartments (such as offices, shops, hotels or related estate developments) | ||||
| Investment in Cyprus Company’s share capital, with business activities and personnel in the Republic | ||||
| Investment in units of Cyprus Investment Organiza- tion of Collective Investments (forms of AIF, AIFLNP, RAIF) | ||||
“Other Government and Legal Fees are applicable. Personalized offers are provided upon receipt of detailed family structure.
“The Main Applicant must prove secured income of at least €50,000. The annual income is increased by €15,000 for the Spouse and €10,000 for each minor child of the applicant and/or the Spouse.The secured annual income of the Main Applicant can be proved through his tax return from the country in which he is declared as tax resident, or through official certificates issued by an independent chartered accountant.”
Timeline:
FAQ:
What is the validity period of the residence card?
The residence card is valid for a period of 10 years.
Do holders of residency in Cyprus have permission to travel visa-free across Europe?
Yes, if you hold the Cyprus Golden Visa you are eligible to fly across Europe.
Can I sell the property and still have my residency card in Cyprus?
Whilst in principle this is true one needs to keep a property in Cyprus to keep the residency cards.
Will the Cyprus Permanent Residency automatically lead to Cyprus citizenship?
No. A beneficiary may however submit an application for the acquisition of Cypriot citizenship by naturalization after continuously residing in Cyprus for a minimum period of 7 years.
Can I include my family in my Cyprus residency application?
Yes. The main applicant can include dependents, such as a spouse, children under 18, and children between 18-25 if they are still enrolled as students and principally dependent on the main applicant.
When minor children under holding Cyprus Permanent Residency reach the age of 18, do they lose their Cyprus residence status?
No, but with certain requirements such as being enrolled as students and be fully dependent on the main applicant.
Do I have to travel to Cyprus during the application process?
Yes, in the beginning you have to visit Cyprus in order to view properties and sign relevant documents, forms & for biometric registration.
Can you help me find suitable real estate in Cyprus?
Yes. Certainly. We have partnerships with real estate firms and developers in Cyprus, and we can assist you in locating a property that meets all the necessary specifications. Furthermore, we have an office in Cyprus to ensure that we can offer you a complete and seamless service.
Can I apply for Cyprus Permanent Residency Program by myself?
No. Applicants for the Cyprus permanent residence are not permitted to file such applications themselves due to the complexities involved in preparing all government-mandated application forms. Applications may only be submitted to THE Agency by a licensed agent.
Under what circumstances could my application be rejected?
- Providing false information
- non-disclosure of a criminal conviction or proceedings for serious criminal convictions.
If you have any previous historical convictions, you think may affect your application, contact us for a free consultation to review your file.
Do I have to contact the agency myself during the processing phase?
No, it is highly Recommend that a trusted administrative assistant to be appointed by the main applicant as a person in charge to help with the preparation.
How can I check the status of my application?
Our agency will do follow ups and update you once we review each required document.
What makes Global different?
Global is best defined by its integrity. We work side by side with our clients and partners, through to the completion of the application process and beyond. We simplify complexity to ensure a smooth application process and successful outcomes.
Where is Cyprus located?
Cyprus is an island nation located in the Eastern Mediterranean Sea, positioned between Turkey and Egypt, southeast of Greece, and west of Syria and Lebanon, Cyprus is the third largest island in the Mediterranean and has significant geopolitical importance due to its strategic location at the crossroads of Europe, Asia, and Africa.
What does "Schengen Area" mean?
Malta residency allows you to travel without restrictions across the “Schengen Area” of the European Union. The Schengen zone is a group of 27 European countries that have abolished passport and immigration controls at their common borders. It functions as a single country for international travel purposes, with a common visa policy.