Astons > Residency by Investment > Cyprus Residency By Investment & Golden Visas
Minimum Investment from $300,000
Astons’ Streamlined Turnkey Solution - Astons Cyprus office
Within 24 hours, we shall conduct a preliminary assessment and gauge your prospects
Among the Most Elite EU Golden Visas
Approval in 6 months and ETIAS EU e-Visa exemption - Citizenship in 5 years
Strong Rental Market For ROI
Elite EU Tax Haven
Fast-track Residency in Cyprus for entire family through property investment from €300,000.
The Cyprus Residency by Investment Program is the most assured route to acquiring a Permanent Resident Permit for a European country in just 6 months with no physical presence required.
Cyprus Residency Benefits
Cyprus Residency by Investment Program enables foreign investors to obtain a Cypriot permanent residence permit (PRP) in just 6 months through a property purchase from €300,000 (plus VAT).
The property should be a first-time sale and may comprise of up to two housing units which must be purchased from the same developer.
Once the PRP has been granted, applicants are required to visit Cyprus within 1 year to submit their biometrics data for issuance of their PR card, and should not be absent for more than 2 years.
Cyprus Residency can be used as a first step towards Cyprus Citizenship. This can be acquired in 5 years, provided all the requirements are met.
Fast-track Permanent Residency Program
Processing of application within 6 months
Residency program with no donation
Property purchase with no government contributions
Only one visit to Cyprus is required
Applicants must visit Cyprus once for biometric submission.
Simple residency requirements
It is not necessary to reside in Cyprus but PR holders must not be absent for more than 2 years
Favourable tax regime
No worldwide dividends, interest and income tax. No tax on gains. No inheritance tax
Only first-time sale properties
Suitable apartments, villas and houses qualifying for the program
Regular rental income
Safe and highly profitable investments, with potential profit from letting your property
Secure environment
“Insurance policy” in case of economic or political stability
Highly efficient process
The application can be processed in the applicant’s absence and filed on their behalf
Eligibility for citizenship
Cyprus PR holders may apply for citizenship in 5 years if all the conditions have been met
Life in the Mediterranean
Mild climate, beautiful scenery and beaches, with 320 days a year of sunshine
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Visa-free travel and Global mobility
The Cyprus Residency by Investment program can improve your global mobility if it is being considered as the first step towards acquiring citizenship on the island. Cyprus passport holders get visa-free access to over 173 countries, including EU & UK. While holding a Cyprus PR, applicants can easily apply for a Schengen visa and travel across Europe.
Book a free consultation
To qualify for the Cyprus Permanent Residency by Investment program, applicants are required to buy a first-time sale residential property or sets of properties to the minimum value of €300,000 (plus VAT, if applicable). First-time sale stands for new properties and not for resales. They must have been bought from a property development company.
Option 1 / €300,000 purchase of a residential property in Cyprus
- Purchase of first-time residential property worth over €300,000 (plus VAT).
- Applicants may buy a combination of real estate projects:
- one apartment or house;
- two apartments are two houses or a combination of each;
- one apartment/house and one commercial shop/warehouse;
- one apartment/house and one office.
- The property must be brand new; no resale property would qualify.
- Property should be purchased from the developer who built the property.
- The Contract of Sale must be officially filed at the Cyprus Department of Lands and Surveys.
- The property can be purchased by a company registered under the applicant’s name or jointly under the applicant and spouse. Applicant / spouse must be sole shareholders.
- The property can be rented out.
Option 2 / Additional requirements
- Applicants should provide supporting evidence of secure annual income from abroad of at least €50,000. Income is increased by€15,000forthe spouse,€10,000 for each minor child of the applicant and/or his/her spouse.
- Applicants should have no intention to undertake any employment in Cyprus. They can own a business registered in Cyprus and receive dividends from this business.
- Applicants must have a clean criminal record and should not be in the list of persons whose property is frozen by the EU as a result of sanctions.
- Applicants must visit Cyprus within 1 year of the date of the PRP to provide biometrics for issuance of PR card. All family members are required to visit Cyprus once every two years.
- PR holders may have their PRP revoked if they are granted permanent residence in another country.
Cyprus Residency Acquisition Process
Astons’ focus is to provide a hassle-free and seamless service, assisting you every step of the way with your property purchase and residency application. The entire process is efficiently managed by top professionals in the industry. We deal with all procedures efficiently on your behalf, based on professional expertise and years of experience.
3–4 days
Visit Cyprus to view properties
1
Initial Consultation with Astons Immigration Advisers
Astons immigration advisers will evaluate your personal circ*mstances and guide you through each of the program’s stages, helping you to collate and check the required documents, and preparing the suitable property shortlist meeting your requirements and qualifying as investment.
2
Property Viewings and Property purchase
We prepare for you a customised property shortlist consisting of properties matching your own requirements. We encourage applicants to visit Cyprus to view the shortlisted properties, and once the property is selected, we ensure that the purchase process is secure and hassle-free. We make certain that you have satisfied all other requirements, including guiding you in opening a bank account in Cyprus to put your fixed deposit into.
3–4 days
Preparation
3
Document Preparation
A detailed checklist will be provided, and you will be guided through the documents collection stage. Experienced immigration advisers will be checking all supporting documents for compliance to ensure all requirements are met.
4
Application Submission
The complete application for a residence permit, along with all supporting documents, will be submitted to the Civil Registry and Migration Department. The decision is made within six months.
6 mouths
Processing time
5
Application Approval
Once the application is reviewed and approval is granted, you will be issued with an immigration certificate.
6
Residency Card
Within a year upon approval, the main applicant and all their family members included in the application must visit Cyprus to acquire the permit in person. The PRP holder may request Cypriot citizenship after 5 years (the last 12 months of which, the PRP holder would need to have continuously resided in Cyprus).
Book a free consultation
Cyprus Properties to Invest in
As buying agents, we offer a whole range of services in commercial and residential real estate. We only ever act on behalf of the the investor, enabling our clients to secure the advantage and placing them ahead of the competition, when it comes to finding and obtaining the right property in highly sought after areas.
Exceptional project comprising only two ultra-luxe 3-bedroom seafront residences.
$4,256,085€3,880,000£3,361,243
3 bedrooms
From 447.2m2
TBC
Luxurious villas with panoramic views of the Mediterranean and close to the beach.
$1,371,161€1,250,000£1,082,874
3 bedrooms
From 237 m2
TBC
Large, beautiful villas providing luxurious living close to golden beaches and local heritage.
$4,058,637€3,700,000£3,205,309
5 bedrooms
Under Construction
Anticipated Luxury development in the “Limassol Landmark” location.
$3,340,149€3,045,000£2,637,883
1 bedroom
TBC
TBC
A set of 7, one-line luxury beachfront villas which offer residents personal access to one of the most tranquil beaches on the island.
$3,126,248€2,850,000£2,468,954
1 bedroom
400-450m²
TBC
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