Normally, the process takes from 3 to 5 months. Investors must meet the following criteria:
Absence of sanctions, restrictions or bans on entry to EU countries and the UK
Absence of a criminal record and criminal proceedings for serious crimes
Ability to confirm the legality of the source of income
Impeccable personal and business reputation
Unmarried and dependent children under 25
Children, regardless of age, having a mental or physical disability
Parents of the main applicant or spouse
Fast processing - the residency is issued in just 2 months
Residency is issued for a lifetime. All family members can obtain residency as well (children, parents and in-laws)
No requirement to reside in the country
Lowest income tax in Europe - 12.5%
Opportunity to own a business in Cyprus (receive dividends)
Possibility to obtain Cyprus citizenship in 7 years
€ 300,000 – a minimum investment in real estate
Examples of calculations:
For 1 applicant - €401.000
For a family of four - €404.000
€300,000 – minimum amount of investment
€300,000 – minimum amount of investment
€300,000 – minimum amount of investment
The following steps are described for reference purpose only. The main thing that we want to underline is that Migronis takes care of the preparation and submission of your case. You only need to provide the original documents. We will do all the paperwork ourselves.
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.
We receive Police Certificates, fill out government forms, arrange notarization, translation and apostilization of all the necessary documents, and send the package to our lawyer in Cyprus. You will only have to affix your signature before we send the documents.
At this stage, we submit the documents to the Civil Registry and Migration Department. A visit to Cyprus is not required.
After the Civil Registry and Migration Department approves your application, the residency cards are issued.
You pay only after your case is approved and you’ve obtained your residency. Payment can also be made through world-renowned escrow agents. In this case, all funds shall be kept on the agent’s account until you receive residency.
It is very important to have a local certified specialist in Cyprus who understands the local specifics of work. We work without intermediaries and therefore are responsible for the results.
Our offices are located in different time zones, so we are available 24 hours a day, 7 days a week. Want to see for yourself? Send us a message online or call us now.
Apart from obtaining a residency, we can help you get a driver’s license, tax identification number and other documents. We can also help you open a bank account and register a company, as well as lease out the purchased property.
We receive Police Certificates, fill out government forms, arrange notarization, translation and apostilization of all the necessary documents, and send the package to the Civil Registry and Migration Department. Our lawyer on the island controls the process over there. Your participation is kept to a minimum: you only provide the original documents, make the necessary payments, sign the forms, submit biometric data.
Our lawyers are based both in the CIS countries and in the countries where we apply for citizenship and residency.
We start working on a case only if we 100% sure we can help a client to obtain citizenship or residency. For this purpose, we conduct a preliminary background check (due diligence), submit a report and our recommendations. Only after that we sign the contract and proceed with the case.
In order to implement the post-paid service mechanism, we have perfectly adjusted our internal processes. Our goal is to provide the service within the shortest possible time and with a successful result, because only in this case we will get our service fees. On the average, preparation of documents takes from 5 to 25 days.
We have extensive experience and honestly talk about both successful cases and difficult situations in our blog. We do not recommend programs that do not function well (for example, in Bulgaria), or offer overvalued real estate to obtain citizenship (most of the projects on the islands).
More than 10 useful videos about Cyprus residency on our video channel. No empty talk, only specifics.
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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.
Children from previous marriages can added in the application.
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.
No, Cyprus permanent residency by investment is issued for a lifetime.
Yes, it’s possible to apply for Cyprus citizenship in 7 years after becoming a resident.
Yes, you need visit Cyprus to obtain your resident cards and then once every 2 years.
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.
Yes, you need to submit your biometric data
All documents are sent by mail.
No, you don’t as you don’t need to renew your residency.
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.
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.
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.
A Cyprus residency is issued within two months from the date the application is submitted.
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.
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.
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.
GDP 2017 - $ 21.31 bln. (increased by 6.26% if compared to $ 20.06 bln. in 2016);
Population 2018 - 1,207,028 people;
The capital is Nicosia;
Sectors of the economy - tourism, industry, agriculture;
Doing Business 2017 ranking - 53rd 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.