Cyprus

Cyprus is an island country in the eastern mediterannean and has full EU membership. Cyprus is not yet part of the schengen zone. Cyprus economy is based on the services industry, pharmaceuticals and agriculture. The currency is Euro. Cyprus recently faced banking crisis but is facing a slow steady growth especially in real estate sector where the prices are going up in recent years. Nicosia and Limassol are the biggest cities in Cyprus.

Residence program

Cyprus permanent residence from €300,000.

Citizenship program

No citizenship by investment. Naturalisation after 7 years of legal residence.

Investment Name:

Cyprus Permanent Residency Scheme

Minimum Investment

€300,000

Qualifying investments

€300,000 in residential property, company shares or alternative investment funds, with annual income of at least €50,000.

Cyprus VAT

19%

Please note property purchases incur 19% VAT

Cyprus Taxes

Foreign investor do not become tax resident unless he spends more than 183 days per year in cyprus.

Visa Type

Permanent residence permit

Time Frame

6 months

Residency Requirements

Visit Cyprus at least once every 2 years.

Grounds of Refusal

If the applicant has.

(a) provided false information on his application;
(b) has a criminal history record.
(c) is the subject of a criminal investigation
(d) is a potential national security threat
(e) is, or is likely to be, involved in any activity likely to cause disrepute to Cyprus
(f) has been denied a visa to a country with which Cyprus has visa-free travel arrangements (UK, EU Schengen, USA etc..) and has not subsequently obtained a visa to the country that issued the denial.
(g) if you are national from a country where the trade embargo has been imposed.
(h)  failed due diligence test.

Family citizenship

Spouse of applicant, children under 18 years, and adult dependent children (over 18 years and up to 28 years holding student status in an university). Children born after the naturalization date automatically receive the cyprus citizenship.

Dual Citizenship

Allowed

Citizenship

After 7 years of residence

Permanent residency

Contact us for current rules.

Last reviewed November 2026. Programme rules change often, so confirm details with us before investing.