EU Residency for UK Nationals

Residency opportunity after BREXIT

Cyprus Permanent Residency by Investment

Discover the Investment Programs in Cyprus

The Cyprus is an attractive place in which to reside, has a warm and stable climate, and is located in a convenient geographical position in the Eastern Mediterranean.

Cyprus Residency by Investment Program enables foreign investors to obtain a Cypriot permanent residence permit (PRP) in just 2 months through an investment of as little as €300,000. Cyprus immigration rules also convey many of the benefits of citizenship to Permanent Residents, such as freedom of movement around the EU and the ability for family members to apply.

Benefits of Cyprus Residency by Investments

The Residency by Investment Program in Cyprus offers these specific benefits:
FAST TRACK: The application procedure is highly efficient, within two months.
You and your family may permanently reside in Cyprus, including your parents and dependent children up to the age of 25
There is a high approval rate if all criteria are satisfied
Permanent Residency status will never expire and does not require renewal
As a Permanent Resident of Cyprus, traveling throughout the EU is easy. Permanent residency holders can obtain a Schengen Visa within one week.
As a Permanent Resident, you are exempt from immigration procedures upon entering Cyprus
Cyprus has a high standard of living, excellent infrastructure, medical facilities and a favorable Tax System
Cyprus’ well-known British elementary and high schools have very high standards with excellent connections to overseas universities
There are many Investment Opportunities in Cyprus, and you may own a Business and receive Dividends

Cyprus Investment Residency Investment Criteria

The applicant must invest at least €300,000 in one of the following investment Options:
OPTION A - Investment in a house/apartment
Purchase of a house or apartment from a development company, which should concern a first sale of at least €300,000 (plus VAT).
OPTION B - Investment in real estate (excl. house/apartment)
Purchase of other types of real estate such as offices, shops, hotels or related estate developments or a combination of these with a total value of €300,000. The purchase of interest can be the result of a resale.
OPTION C - Investment in share capital of a Cyprus Company, with business activities and personnel in the Republic
Investment worth €300,000 in the share capital of a company registered in the Republic of Cyprus, based and operating in the Republic of Cyprus and having a proven physical presence in Cyprus and employing at least five (5) people.
OPTION D - Investment in units of Cyprus Investment Organization of Collective Investments (AIF, AIFLNP, RAIF)
Investment worth €300,000 in units of Cyprus Investment Organization Collective Investments.

The applicant should, in addition to the investment Criteria above, be able to prove that he has at his disposal a secure annual income of at least €30,000. This annual income increases by €5,000 for each dependent family member and €8,000 for each dependent parent (of the applicant and/or his spouse).
An Immigration Permit may also be granted to children of the applicant over the age of 18, who are not financially dependent on the applicant, on an additional investment of €300,000 for each not dependent child. Furthermore, each adult child will be able to prove that they have at their disposal a secured annual income of at least €30,000, which will increase by €5,000 for each dependent person.

Quality Criteria

The applicant and his spouse must submit a clean criminal record certificate from their country of residence or from the Republic in case they reside in Cyprus and generally they should not be considered as a threat in any way to public order or public security in Cyprus.
The applicant and his spouse shall confirm that they do not intend to undertake any sort of employment in the Republic with the exception of their employment as Directors in a Company in which they have chosen to invest under this policy.
In cases where the investment does not concern the company's share capital, the applicant and/or his spouse are allowed to be shareholders in companies registered in Cyprus and the income from the dividends derived from such companies may not be considered as an obstacle for the purposes of obtaining the Immigration Permit. In such companies, they may also hold the position of an unpaid Director.
In cases where the applicant chooses to invest in Options (B), (C) or (D), he should provide evidence regarding his accommodation in the Republic (e.g. title of ownership or contract of sale and proof of payment for the property or rental agreement).
The holder of a permanent permit, as well as his dependent persons are obliged not to be absent from the Republic for more than two (2) years.

Procedures and time frame

A fee of EUR 500 is payable with the submission of the application and EUR 50 extra for biometric capturing. The application will then be examined by the Civil Registry and Migration Department and will be submitted to a permanent secretary of the Ministry of Interior, who will make a decision within two months. Once approval has been granted, the applicant and all the members of the family must visit Cyprus within one year to obtain the actual permit.
When in Cyprus, a visit is organized to the migration office in Nicosia in order to capture the biometric data for all members of the family applying. The biometric data can be submitted either with the submission of the application for residence, during the application process, or immediately after approval.