Situated between three continents, Cyprus is an attractive tourist destination with an excellent geographical positioning.
Benefits
01
There is a high approval rate if all criteria are satisfied
02
It is not necessary to reside in Cyprus, but a visit once every two years is required
03
The right to live and study in Cyprus
04
Residence applies to the main applicant’s spouse, children under 25 years, parents, and parents-in- law for a Regulation 6(2) application, and to a spouse and children under 18 years for a Category F application.
Requirements
Option 1
Purchase of new immovable property of a total market value of at least € 300,000 plus VAT. The applicant must submit the application form accompanied with a contract of sale and proof of payment of at least € 200,000 plus VAT. The contract of sale must have been submitted to the Cyprus Department of Land and Surveys. The property can also be bought by a company provided that the company is registered in the name of the applicant or the applicant and their spouse. They must also be sole shareholders.
Option 2
Purchase of up to two new or used immovable non-residential properties (offices, shops, hotels, or other developments) of a total market value of at least € 300,000 plus VAT
Option 3
Share capital of € 300,000 of a physical company registered and operating in Cyprus, which employs at least five people
Processing Time
- 3-4 Months