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Cyprus

  • Cost of investment: from 300 000 EUR

Permanent residence in Cyprus for investment can be obtained by buying real estate or securities of the country, or by opening a business and investing in it from 300 000 EUR.

Permanent residence holders may not pay taxes on foreign income, including from dividends and capital gains. The country also has no inheritance tax, low income and property tax rates.

The jurisdiction of Cyprus is one of the best places to transfer the tax residency of an international business or open a new company. The corporate tax rate in the country is only 12.5%.

After 5 years of living on the island, you can apply for Cypriot citizenship, and after another 2 years, get citizenship and a passport of Cyprus and travel without visas to 170+ countries of the world, including the European Union and the UK.


Realty

About the country

Processing time:

2 - 3 month

Time to citizenship:

7 years

The Republic of Cyprus joined the European Union on 1 May 2004 and the Eurozone on 1 January 2008. Cyprus is famous for its idyllic Mediterranean lifestyle, the freshest seafood, beautiful beaches, 340 days of sunshine a year and friendly people.

Cyprus offers a high standard of living, modern transport and infrastructure, excellent educational institutions, access to quality medical services, a stable government and a solid legal framework based on British law and fully aligned with EU directives. Cyprus is a favorite business location for international companies due to its strategic geographic location between Europe, the Middle East and Africa.

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GET ALL THE ADVANTAGES THAT THE PROGRAM OFFERS

EASE OF OBTAINING .01
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Simple living requirements - it is enough to visit Cyprus once every two years
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Permanent residence can be obtained by the spouse (s) and children under 25 years old
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The status of permanent residence in Cyprus is obtained for life.
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It is only necessary to visit the island once to submit biometric data - after obtaining permanent residence
CITIZEN OF THE WORLD .02
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About 80 thousand Russians live in the country, there are shops with the usual products, kindergartens and schools with Russian as the language of instruction, and restaurants of Russian cuisine.
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Life in the Mediterranean - mild climate, beautiful beaches and sun 320 days a year
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After 7 years, the owner of the PR-card can obtain citizenship of Cyprus and travel without visas to 170+ countries of the world, including the European Union and the UK
OPPORTUNITIES .03
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Safe high-yield investment, with the prospect of income from the rental of real estate
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Unlike many other immigration programs for investors, permanent residence holders in Cyprus can buy a share in a local business, open their own companies or transfer islands operating to the jurisdiction.
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Favorable tax regime - no taxes on income in other countries, income tax and income tax. No inheritance tax

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Cyprus for life

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COST

An investor can choose from several investment options in the amount of EUR 300,000: invest in residential or commercial real estate, shares of Cypriot companies or shares of local investment funds.

If the applicant has chosen to invest in commercial real estate, then he will still need to buy or rent a property on the island. There are no space or cost requirements.

Investments can be returned only after the expiration of the permanent residence or after obtaining citizenship.

Option 1. Purchase of residential property:

An investor can buy one or two primary properties for a total amount of EUR 300,000 plus VAT. The standard VAT rate is 19%, but when buying a single home for your own residence, it is reduced to 5%. It is not possible to invest in resale property.



One investor
Married couple
Family of 3 or more people
Purchase of residential property

From EUR 300 000

From EUR 300 000

From EUR 300 000

VAT (19%, for a single residence - 5%)
From EUR 15 000
From EUR 15 000
From EUR 15 000
Income verification
From EUR 30,000 per year
From EUR 35,000 per year

From EUR 40,000 per year

+ EUR 5,000 for each family member, starting from the fourth

+ EUR 8,000 per parent

Due Diligence
EUR 15 000
EUR 25 000

EUR 25 000

+ EUR 10,000 for each family member over 12 years old

Registration fees
From EUR 70
EUR 140

EUR 210

+ EUR 70 for each family member, starting from the fourth

Medical insurance
From EUR 2,000 per year From EUR 4,000 per year

From EUR 6,000 per year

+ EUR 2,000 per year for each family member, starting 


Option 2 Purchase of commercial property:

  An investor can buy one or two commercial properties for a total amount of EUR 300,000 plus VAT. Primary or secondary market, it doesn't matter. Such objects can be, for example, offices, shops, hotels, or a combination of them for an amount of at least EUR 300,000.



One investor
Married couple
Family of 3 or more people
Purchase of commercial real estate

From EUR 300 000

From EUR 300 000

From EUR 300 000

VAT (19%)
From EUR 57 000
From EUR 57 000
From EUR 57 000
Income verification
From EUR 30,000 per year
From EUR 30,000 per year

From EUR 40,000 per year

+ EUR 5,000 for each family member, starting from the fourth

+ EUR 8,000 per parent

Legal support of the transaction
1% of the transaction amount
1% of the transaction amount
1% of the transaction amount + EUR 500 for each additional face
Administrative fees

EUR 500

EUR 500

EUR 500

+ EUR 500 for each child from 18 to 25 years old and parents of spouses
Registration fees
From EUR 70
 EUR 140  EUR 210
+ EUR 70 for each family member, starting from the fourth
Medical insurance
From EUR 170 per year
From EUR 380 per year

From EUR 380 per year

+ EUR 100 per year for each family member, starting from the fourth

Option 3 Shares of Cypriot companies:

Equity investment in a Cypriot company that conducts business and employs at least 5 people in Cyprus.

Option 4 Purchase of securities:

Investments in units of the Cyprus Collective Investment Organization in the form of AIF, AIFLNP, RAIF.


One investor
Married couple
Family of 3 or more people

Investments to choose from:

1. Shares of local companies

2. Shares of local investment funds

From EUR 300 000

From EUR 300 000

From EUR 300 000

Income verification
From EUR 30,000 per year
From EUR 35,000 per year

From EUR 40,000 per year

+ EUR 5,000 for each family member, starting from the fourth

+ EUR 8,000 per parent

Administrative fees
EUR 500
EUR 500

EUR 500

+ EUR 500 for each child from 18 to 25 years old and parents of spouses

Registration fees
From EUR 70
EUR 140

EUR 210

+ EUR 70 for each family member, starting from the fourth
Medical insurance
From EUR 170 per year From EUR 380 per year
From EUR 380 per year
+ EUR 100 per year for each family member, starting from the fourth

Objects for investment

All objects

Agnades Village 1 Polis

  • Cost of investment: From EUR 500 000
To the object page
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Elegant View Paphos

  • Cost of investment:
To the object page
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Park Avenue Residences Paphos

  • Cost of investment: From EUR 766 000
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Pelagos Beachfront Villas Paphos

  • Cost of investment: From EUR 900 000
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Onero Residences Paphos

  • Cost of investment: From EUR 180 000
To the object page
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Venus Rock Golf Resort Premier

  • Cost of investment:
To the object page
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Pearl Park Residences Paphos

  • Cost of investment:
To the object page
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Calma Beachfront Villas Polis

  • Cost of investment:
To the object page
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Primrose Seaview Apartments Paphos

  • Cost of investment:
To the object page
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Galaxy Residences

  • Cost of investment:
To the object page
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Requirements for candidates

  • The minimum age is 18 years

  • No criminal record

  • The absence of pending visa denials to countries with which Cyprus has a visa-free regime

PROCEDURE FOR OBTAINING CITIZENSHIP

Our goal is to simplify the collection of documents as much as possible. After evaluating a specific case, a MIRBEZVIZ lawyer prepares an individual checklist of documents for you.

  • 1
    Preliminary check
    1 day

    Due diligence is a mandatory step in any residency program for investors. It depends on its result whether the investor becomes a resident of the country.

  • 2
    Collection of documents
    Up to 2 weeks

    We will help you collect, translate and apostille documents, arrange medical insurance and conclude a real estate lease agreement. When everything is ready, we submit documents in Cyprus.

    Main set of documents:

    • A completed application form MIP1.

    • Originals and copies of the valid passport of the applicant and his family.

    • Biography of the main applicant.

    • Declaration of income confirming an annual income of at least EUR 30,000.

    • Investment confirmation.

    • Confirmation of a permanent address in Cyprus.

    • Declaration of absence of employment in the territory of Cyprus.

    • Certificate of no criminal record from the applicant, wife or husband.

    • Marriage certificate.

    • Birth certificate.

    • Medical insurance for the whole family.

  • 3
    Fulfillment of the investment condition
    Up to several weeks

    When buying a property, we submit documents to the Land Department of Cyprus, including an application to reduce the VAT rate to 5%. The investor transfers to the developer an amount of EUR 200,000 plus VAT.

  • 4
    Contacting the Cyprus Migration Service
    1 day

    Our representative submits all your documents to the Cyprus Migration Service .

  • 5
    Consideration of the application and obtaining permanent residence
    2 months

    The decision to grant permanent residence will be made within two months. Within a year after the approval of the application, the investor and his family must visit the island to submit biometric data and obtain permanent residence.

  • 6
    Additional services after obtaining permanent residence in Cyprus

    After obtaining permanent residence in Cyprus, domestic issues will remain, you will have to communicate with banks, the migration service and other officials. We will help you get the necessary documents and make everything go smoothly.

    We extend permanent residence

    We will collect and submit the necessary documents, take over communication with officials.

    Opening a bank account

    We will help you choose a bank and prepare documents for opening an account.

    Applying for tax residency

    We send a request for tax resident status to the tax office after a standard stay in the country for more than 183 days a year or after 60 days for property owners who run a Cyprus company.

    Obtaining permanent residence for family reunification

    We will prepare the documents and submit an application if you want to transport your parents or close relatives to Cyprus.

Get a consultation

ACCESSIBLE WORLD

The status of a resident of Cyprus can be the first step towards obtaining a second citizenship. The Cypriot passport entitles you to visa-free entry to 173 countries of the world, including the EU and the UK.

Europe

Residence permit
Hungary

Minimum investment 155 000 EUR

Residence permit
Spain

Minimum investment 500 000 EUR

  • Processing time: 2 - 3 month
  • Time to citizenship: 10 years
  • Visa-free regime: 29 countries
Residence permit
Greece

Minimum investment 250 000 EUR

  • Processing time: from 6 month
  • Return on investment: 7 years
  • Visa-free regime: 29 countries
Residence permit
Austria

Minimum investment 100 000 EUR

  • Processing time: from 3 month
  • Time to citizenship: 6-10 years
  • Visa-free regime: 29 countries
Permanent residence
Permanent residence Malta

Minimum investment 100 000 EUR

  • Processing time: 6 - 8 month
  • Visa-free regime: 29 countries
Citizenship
Citizenship Malta

Minimum investment 650 000 EUR

  • Processing time: 1 or 3 years
  • Visa-free regime: 165 countries

Make an appointment!

We will contact you within some time

Your name

This field must be filled in

Telephone *

This field must be filled in

Comment

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