Residency by Investment in

Cyprus

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Benefit of Cyprus Residency Program

There is no tax in global income and inheritage and low property tax and income taxes rates. The corporate tax rate is one of the lowest in Europe- 12,5%

Prices on Cypriot real estate grow by 1-4% every year. the same yield is applied to leases of residential property.

Permanent residence is issued for life. Five years after receiving permanent residence, its holder can apply for Cyprus citizenship and become a full-fledged citizen of the European Union.

Holders of Portuguese residence permits by investment are eligible to apply for permanent residence or citizenship after five years. At the same time, they do not have to live in the country, as long as they spend seven days a year in Portugal and renew their residence permit card every two years. 

Cypriot permanent residence allows foreign citizens to do business in Cyprus. They have the right to invest in a Cypriot company, receive dividend income and enjoy tax benefits for managing a company.

Cyprus has a developed infrastructure, health care system, and education system. In the Global Lifestyle Review conducted by Knight Frank, Cyprus was ranked fifth in the list of the best relocation destinations.

Non-EU citizens obtain Cyprus permanent residence by investing at least €300,000 in real estate or securities.

Permanent residents may not pay taxes on global income, including dividends and capital gains. The country has no inheritance tax and low income and property tax rates.

The Cypriot jurisdiction is one of the best places to register the tax residency of an international business or open a new company. The corporate tax rate in the country is only 12.5%.

A permanent resident can obtain Cyprus citizenship after five years of living in the country. Citizens travel without visas to 170+ countries, including the European Union and the UK.

 

Investment options in Cyprus

The investor can choose from several investment options of €300,000: buy residential or commercial real estate, shares of Cypriot companies or units of local investment funds. If the applicant has chosen to invest in non-residential property, buying or renting housing on the island will also be necessary. In this case, there are no space or cost requirements. Investments can be returned only after the permanent residence expiration or obtaining citizenship.

OPTION 1

Purchase of Residential property €300,000+

The investor can buy one or two new properties with a total value of €300,000 plus VAT. The standard VAT rate is 19%. But if the property is the only housing and the investor plans to live there and not rent it out, VAT is reduced to 5%. It is not possible to buy a resale property.

Immigrant Invest has a database with hundreds of reliable properties, including those at the construction stage, which our clients can buy without a commission. Our lawyers will organize a trip and accompany investors when choosing a property.

OPTION 2

Purchase of commercial property €300,000+

The investor can buy one or two commercial properties with a total value of €300,000 plus VAT. The property can be new or for resale. Offices, shops, hotels or a combination worth at least €300,000 qualify as commercial properties under the option.

 

OPTION 3

Purchase of Residential property €300,000+

Equity investment in a Cypriot company that conducts business and employs at least 5 people in Cyprus.

 

OPTION 4

Purchase of securities €300,000+

Investments in units of Cypriot investment funds in the form of AIF, AIFLNP, and RAIF.

 

Not sure which investment option suits you?

Navigating the world of Residency by Investment programs can be challenging. Whether you’re considering relocating to Europe or tax optimization, our team of experts is here to help you make informed decisions tailored to your unique needs.

Who is eligible for Cyprus Residency

No criminal record With proven legal income of €30,000 outside Cyprus Buy or rent property in Cyprus

No criminal record

  • Children under 18 financially dependent on the investor
  • Children between 18-25 that is Students, Single and Financially dependent on the investor

Document checklist

To ensure a successful application, make sure all required documents are gathered and up to date.

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