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Since 2012
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CYPRUS PERMANENT
RESIDENCY BY INVESTMENT

Opportunity to open a business in Cyprus. Citizenship after seven years.

Starting investment
at $300,000
Processing time
2 months

Calculate cost

unique opportunity

Advantages of Cyprus residency

Lowest income tax in Europe – 12.5%

Opportunity to own a business in Cyprus (receive dividends)

Possibility to obtain Cyprus citizenship in 7 years

Fast processing – the residency is issued in just 2 months

Residency is issued for a lifetime. All family members can obtain residency as well

No requirement to reside in the country

Investments starting at €300,000

Give freedom to those you care about

Permanent residency of Cyprus can also be obtained by:

  1. A spouse
  2. Unmarried and dependent children under 25
  3. Children, regardless of age, having a mental or physical disability
  4. Parents of the main applicant or spouse

Investment for obtaining Cyprus residency

Cyprus residency program offers three investment options:

  1. Investment in real estate
  2. Investment in a Cyprus company
  3. Acquisition of shares in investment funds in Cyprus

  Investment in real estate Share in Cypriot business Share in Cypriot investment funds
Minimum investment amount From €300 000 From €300 000 From €300 000
Investment income Depending on the object Depending on the project Depending on the investment object
Return on investment Yes Depending on the project Yes, depending on the fund
Holding period During the tenure of permanent residence During the tenure of permanent residence During the tenure of permanent residence

Real estate

The minimum amount of investments in residential and non-residential properties€300,000

Investment in a Cyprus company

Minimum investment amount – €300,000

Share in Cypriot investment funds

Minimum investment – €300,000

Easily apply for a Schengen visa with Cyprus PR

Schengen states:

Germany
Austria
Belgium
Czech Republic
Denmark
Estonia
Finland
France
Greece
Hungary
Iceland
Italy
Latvia
Liechtenstein
Lithuania
Luxembourg
Malta
Netherlands
Norway
Poland
Portugal
Slovakia
Slovenia
Spain
Sweden
Switzerland

Simple and clear process

Key Stages in the Application Process

CONTRACT SIGNING

Free preliminary background check (due diligence) of an applicant (1 day) and contract signing in one of our offices or remotely. At this stage, it will be sufficient to provide the passport copies of all family members who will be included in the residency application.

PREPARATION OF DOCUMENTS

We receive Police Certificates, fill out government forms, arrange notarization, translation, and apostilization of all the necessary documents, sending the package to our lawyer in Cyprus. You will only have to affix your signature before we send the documents.

CASE REVIEW

At this stage, we submit the documents to the Civil Registry and Migration Department. A visit to Cyprus is not required.

OBTAINING THE RESIDENCE CARD

After the Civil Registry and Migration Department approves your application, the residency cards are issued.

Migronis is always more than you expect

Post Immigration Service

Opening a local bank account

Local tax residency

Insurance registration

Company registration

We will help you solve any problem, for example, we will tell you all about the path to Cypriot citizenship through permanent residence.

Why clients choose Migronis

Post-paid service

Offices in the Europe

We are online 24/7

We obtain additional documents in Cyprus

Minimal participation on your part, we do all the paperwork

No intermediaries and no middlemen

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    Who can obtain residency together with an investor?

    A spouse;
    Children under 18 years of age who are not married and who are fully supported by the main applicant;
    Children from 18 to 25 years old, unmarried, in full time attendance at a recognized institution of higher learning, and fully financed by the main applicant;
    Children who have a mental or physical disability, regardless of age;
    Parents or grandparents of the main applicant and/or spouse;
    Former spouse cannot obtain citizenship.

    Can children from previous marriages be added in the application?

    Children from previous marriages can added in the application.

    How is the financial dependence of children and parents on the main applicant confirmed?

    Financial dependence is confirmed by an extract on the transfer of funds from the account of parents to the account of their children, a certificate of full-time learning, the general registration address.

    Does Cyprus permanent residency have an expiration date?

    No, Cyprus permanent residency by investment is issued for a lifetime.

    Is it possible to obtain Cyprus citizenship afterwards?

    Yes, it’s possible to apply for Cyprus citizenship in 7 years after becoming a resident.

    Do I need to visit the country to obtain residency?

    Yes, you need visit Cyprus to obtain your resident cards and then once every 2 years.

    Do I need to reside in the country, know the language to maintain permanent residence?

    There are no residency requirements, however, you need to visit the country once every 2 years. You do not need to know the language, there is no language exam.

    Do I need to submit my biometric data during to obtain Cyprus residency and to renew it?

    Yes, you need to submit your biometric data

    How to submit the documents if our office is not in the client’s city?

    All documents are sent by mail.

    Do I need to pay extra fees to renew my residency?

    No, you don’t as you don’t need to renew your residency.

    As an owner of Cyprus residency do I need a visa to enter the Schengen countries, the US and the UK?

    Yes, Cyprus isn’t a part of the Schengen agreement. However, you can apply for a visa under a simplified scheme. You need a visa to enter the US and the UK.

    How can the main applicant and/or dependants apply for a work permit?

    The main applicant and/or dependants can apply for a work permit by submitting an application for a ‘single work permit’ through the normal channels. We can help with this.

    Which documents confirming the origin of funds are required?

    Confirmation of employment and/or ownership of business is required. The following documents may be requested:
    – certificate of salary, dividends received;
    – certificate from the tax authorities;
    – documents on the sale of real estate or other assets;
    – an extract from the brokerage account on the sale of securities or income received;
    – sale or gift contract;
    – other documents confirming the acquisition of income.
    One or several documents can be provided, the checklist is agreed when preparing the case.

    How soon can Cyprus residency be issued from the day an application is submitted?

    A Cyprus residency is issued within two months from the date the application is submitted.

    How long must the amount of €30,000 deposited in a Cyprus Bank remain in place? Can it be deposited in any other currency?

    The Regulations provide that the amount of €30,000 is fixed for three years. It is also possible for the amount to be in a currency other than Euro; provided the total value of the deposit is the equivalent of €30,000 at all times during the three year lock-in period. The interest rate applied to the fixed deposit depends on the terms of offer of each eligible bank. The beneficiary of the interest accrued is the depositor/applicant.

    What happens in case of concealment of information or providing false data?

    An applicant will either not pass the due diligence check, or will be deprived of his Cyprus residency in case it was obtained by providing false information, fraud or concealing true information, or in case he is found guilty under the laws of Cyprus.

    In what cases can a refusal be issued?

    provision of false information;
    – involvement in terrorism, money laundering, crimes against humanity or crimes that violate human rights and freedoms, or admission of guilt in such crimes;
    – availability of a criminal record or criminal proceedings for serious criminal offenses;
    – posing a potential threat to public order, national security or the reputation of Cyprus.

    Cyprus Information

    GDP 2020 – $25,70 bln.;
    Population 2020 – 1 216 056 people;
    The capital is Nicosia;
    Sectors of the economy – tourism, industry, agriculture;
    Doing Business 2020 ranking – 55rd out of 190 in the World Bank’s ranking of ease of doing business;
    According to The Financial Times, Cyprus is ranked 7th out of 12 among countries that offer citizenship by investment. Cyprus is ahead of Malta, Bulgaria, Austria and other European countries.

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