program
Cyprus Residency by Investment
Program Overview
Minimum Investment
N/A Donation
Minimum Investment
€300,000 Real Estate
Time to Residency
4-5Months
Visa-free Access
1 Country
Cyprus Residency by Investment Requirements
As of 2016, the government of Cyprus allows applicants to obtain a permanent residency by investment.
To qualify, you are required to be over 18 years of age, in good health and without a criminal record.
Additionally, you are required to deposit capital in a financial institution in Cyprus, which will be pledged for 3 years.
You are also required to make a real estate purchase and provide proof of a secure annual income for yourself and all dependents.
Main Applicant Requirements
- 18+ years of age
- Good health
- No criminal record
- Successfully pass due diligence checks
- Confirmed investment sources
- All applicants must visit Cyprus at least once every 2 years
Eligible Dependents
- Spouse of the main applicant
- Children (biological or adopted) under 28 years of age
- Dependent parents
Cyprus Residency by Investment Benefits
Permanent Resident status
As a resident of Cyprus, you and your family can freely reside in the country.
Health & Education
As residents, you and your family will have access to the best universities and schools, and world-class healthcare.
Tax relief
Cyprus has one of the lowest taxation rates in Europe, with no foreign income tax, inheritance tax and withholding tax on interest earned.
Pathway to citizenship
If requirements are met, this residency program can lead to Cypriot citizenship.
Business opportunities
You can register a company or be a shareholder in any Cypriot company.
Dual Residency permitted
Cyprus allows dual residency, permitting you to keep your existing nationality and any other residencies.
CYPRUS | Residency by Investment
Legal Basis
Cyprus grants non-EU nationals the right to permanently reside in Cyprus with no renewal requirements. Permanent Residency is granted to third-country nationals, who apply under Regulation 6(2) of the Aliens and Immigration Regulations, provided that they fulfil the Financial Criteria.
Costs of Cyprus Permanent Residency
Minimum investment
EUR 300,000 + VAT
Minimum amount
EUR 30,000
Minimum amount income (main applicant)
EUR 30,000
Each dependent
EUR 5,000
Application Process For Cyprus Permanent Residency
Application Process
4-5 months
- Step 1Savory & Partners will pre-screen your passport copy for government pre-approval. A down payment of the professional fees is required to open your application. The response is in 24-48 hours.
- Step 2We will provide assistance and advice with regards to the collection of the documents required in the checklist for the Cyprus Visa application. A Meeting is then set up with dedicated Attorneys in Cyprus so that a “Power of Attorney “mandate is signed in the presence of a certifying officer.
- Step 3Savory and Partners will assist in the opening of a Cypriot bank account.
- Step 4We will guide you to the Cypriot property that fully satisfies your requirements (€300,000) and start preparing the property purchase documentation required to be presented for the Permanent Residency application. An initial payment of at least €200,000 must be made
- Step 5Once the sale agreement for the purchase of your property is signed and all other relevant documents gathered, the Permanent Residency application will be filed with the Migration Department. Approval can be expected within two months, and Permanent Residency is granted provided all requirements have been met.
- Step 6Once the Permanent Residency Permit has been granted, the applicant must visit Cyprus within one year to obtain the actual permit and passport stamps. The remaining 50% Savory & Partners fees are paid.
PORTUGAL | RESIDENCY BY INVESTMENT
READY TO APPLY?
Visa-free Countries for Cyprus Residency
Visa-free and visa-on-arrival countries
1 Countries & Territories
Visa-free access
- Cyprus
Client Success Stories
World-Class Healthcare as an EU Citizen
The Challenge
Our client, a Pakistani entrepreneur, had always dreamt of providing his family with a better future, both in terms of opportunities and quality of life. After hearing about Malta's Residency by Investment program, he decided to take action.
In 2022, he successfully secured residency for himself, his wife, and their elderly parents. This allowed them to live in Malta while enjoying the benefits of an EU residency. The program promised eventual citizenship after one year of residency, which was exactly what they hoped for.
However, shortly after they moved to Malta, the client's mother was diagnosed with breast cancer. The news came as a shock, and the gravity of the situation hit hard. His mother, who had always been a source of strength for the family, now faced a life-threatening illness.
With her health at risk, the family’s immediate concern became securing the best possible treatment. This meant having access to world-class medical facilities without delay, as they didn’t have the luxury of time to wait for appointments or referrals.
The client knew that Malta's healthcare system was ranked among the best in Europe, but he wasn’t sure how quickly they could get the care his mother urgently needed. He reached out to us for guidance, hoping we could help expedite her treatment in this crucial time.
Our Solution
We immediately got to work, leveraging our extensive knowledge of Malta’s Residency by Investment program. Thanks to his status as a resident, our client had already been granted access to Malta's renowned healthcare system.
The country ranks 5th globally in healthcare quality according to the World Health Organization. It was a relief to know that his mother would receive top-notch treatment, but now we had to make the process as smooth and quick as possible.
We guided our client through the available healthcare options, helping him navigate the local medical landscape to ensure his mother could get the immediate care she required.
We recommended one of the top breast care clinics in Malta, known for its cutting-edge treatments and specialized care. She was able to get an immediate consultation, and the team quickly devised a treatment plan to address her condition.
During this time, our client’s family was in the process of completing their citizenship application, which they were eligible for after just one year of residency. As soon as they were granted citizenship, our client and his parents could travel across Europe more easily. This proved invaluable when the family made the decision to seek additional treatment in France, one of the leading countries in cancer care.
The Result
With the support of Malta’s exceptional healthcare system, the client’s mother successfully completed her treatment. Now fully recovered, the family has returned to Malta, enjoying the security of citizenship, access to free public healthcare, and the social benefits of living in a safe and vibrant country.
Why Choose Malta Citizenship?
Malta's Citizenship by Investment program offers a multitude of advantages that make it an ideal choice for investors and their families:
- Access to Malta’s top-tier healthcare system, ranked among the world’s best
- Visa-free travel to over 160 countries, including the USA and Canada
- Ability to live, work, and study anywhere within the EU
- Long-term security with family inclusion options
- Free public healthcare, education, and social services
- Stable and growing economy with opportunities to establish a business
Investment Requirements:
- A contribution of at least €750,000 for a minimum residency period of 12 months and €600,000 for 36 months.
- Property Investment: Minimum of €700,000 for purchasing a property or €16,000 annual rental agreement.
- Donation: €10,000 to a charitable cause designated by the government.
- Residency Requirement: 12 months of residency before applying for citizenship.
Download brochure
Content
- Cyprus Country profile
- Benefits of the program
- Investment requirements
- Investment process
Length
4 pages
Language
English & Arabic
size
1 mb
ABOUT CYPRUS
CAPITAL
Nicosia
TOTAL AREA
9,251 km²
POPULATION
1.251 million
LANGUAGE(S)
Greek, English
CURRENCY
Euro (EUR)
EXCHANGE RATE
1 USD = 0.92 EUR
GDP – PER CAPITA (2022)
USD 32,048
GDP – TOTAL (2022)
USD 29.25 billion
About Cyprus
Boasting a rich and diverse culture, Cyprus offers investors a safe and stable environment which is ideal for raising families. At the crossroads of Europe, Asia, Africa and the Middle East, Cyprus is the perfect setting for global travel. An important member of the European Union, it is also an active member of the British Commonwealth.
Officially known as the Republic of Cyprus, the nation has a population of 1.1 million.
Cyprus became a member of the European Union in 2004 and the British Commonwealth in 1961.
In 2008 the country adopted the euro, becoming part of the Eurozone currency union.
With a GDP of $28,000 per capita, the country is an advanced, high-income economy with a very high score on the Human Development Index.
Cyprus boasts an established offshore banking sector plus the lowest corporation taxes in the EU making for attractive international tax planning possibilities, plus many tax exemptions exist for non-residents with free trade within the European Union
The Island has signed double taxation treaties with 43 countries. The legal system is based primarily on English Common Law.
English is widely spoken and understood in business and everyday life.
Offering a warm Mediterranean climate, the island has over 340 days of sunshine per year.
An excellent education system with some high standard schools and universities and first-rate healthcare;
Tourism, financial services and shipping contribute significantly to the economy, and recently offshore gas fields have been discovered.
Real Estate yields and prices are rebounding strongly since reaching historical low price points during the global financial crisis.
Where is Cyprus?
Cyprus is the third largest and third-most populous island in the Mediterranean. It is east of Greece, north of Egypt, south of Turkey, and west of Lebanon and Syria.
CYPRUS | Residency by Investment
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