Cyprus residence program by investment
Cyprus residence program by investment

Cyprus residence program by investment

Discover travel and business opportunities
From €300,000
Investment size
From 2 weeks
Processing time
Eligibility
To apply for citizenship
10 years
Duration of Golden Visa

Cyprus residence program

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Cyprus, a captivating Mediterranean island nation at the crossroads of Europe, Asia, and Africa, offers an exceptional quality of life, making it a premier destination for obtaining residency. Renowned for its pristine beaches, over 340 days of sunshine annually, rich history, and welcoming culture, Cyprus seamlessly blends modern infrastructure with a relaxed, family-friendly environment. As a full European Union member state, it provides political and economic stability, a favorable tax regime, a high standard of living, and excellent international schools and healthcare facilities. The Cyprus Permanent Residence Permit program provides a secure pathway for non-EU nationals and their families to establish a long-term base in this safe, strategic location with easy access to major global hubs.

Real Estate Prices & Investment Requirement

The cornerstone of the Cyprus Permanent Residence Permit is a significant real estate investment. Applicants must purchase one or more brand-new properties directly from a developer, with a minimum total value of €300,000 (excluding VAT). Crucially, the property must be freehold. This investment threshold reflects Cyprus's attractive, albeit diverse, property market. Prices vary considerably based on location (coastal hotspots like Limassol and Paphos command premiums versus inland areas), property type (luxury villas vs. modern apartments), size, and amenities.

While prime seafront locations see higher valuations, opportunities exist across the island to meet this requirement while securing a valuable asset. Proof of payment for at least €300,000 and a Sales Agreement are mandatory. The purchased property serves as your qualifying residence.

Who Can Obtain Permanent Residency

The Cyprus Permanent Residence Permit (Category F) is primarily designed for financially independent non-EU nationals who can demonstrate a secure, stable annual income derived from abroad (e.g., pensions, investments, business ownership, remote work). This income must be sufficient to support the applicant and all included dependents comfortably without needing employment within Cyprus (typically €50,000+ annually, with increments for dependents).

Eligible applicants include retirees, high-net-worth individuals, investors, digital nomads with substantial income, and students with financially independent sponsors. Immediate family members (spouse, financially dependent children under 25, and dependent parents of both spouses) can be included in the application. Crucially, holders cannot undertake gainful employment in Cyprus but can manage businesses or investments remotely/internationally. Applicants must possess clean criminal records, valid health insurance, and declare they do not intend to work locally.

Capital
Nicosia
Population
1334976
Official language
Greek, Turkish
Currency
EURO
Timezone
UTC+2, in summer UTC+3
The country's area
9250 sq. km
Major Religion
Christianity
Gallery Photo
Gallery Photo
Gallery Photo

What does a Cyprus residence gives you?

1.
Visa-free travel
As a Cyprus resident, you'll be eligible for an EU passport, granting access to 26 countries in Europe. Note: not Schengen zone!
2.
Tax benefits
Cyprus has a low-tax environment, with a corporate tax rate of 12.5% and no tax on dividends.
3.
High standart of living
Enjoy a high standard of living, with modern amenities, excellent healthcare, and quality education.
4.
Minimal stay
The residence permit holder may live in Cyprus but is only required to visit the island once every two years.
5.
Public benefits
The permit entitles the holder to access the country’s public healthcare and education systems. It does not allow the permit holder to be employed in Cyprus.
6.
Business opportunities
Cyprus is a popular hub for international businesses, with a strong financial sector and a growing economy.
7.
Eligibility to apply for citizenship
Residence permit holders are eligible to apply for citizenship after residing in Cyprus for 7 out of the last 10 years, including the most recent 12 months. This means not being absent for more than 90 days in any year. They must also maintain a place of residence and pass a basic Greek language test (A2 level). In the case of highly skilled applicants, who are employed in sectors deemed significant by the Council of Ministers, the residence requirement is reduced from 7 years to 4. This is further reduced to 3 years if the applicant holds a B1 level Greek language certificate. By law, the application must be processed by the authorities within a timeframe of 8 months. This means that a non-EU national can potentially acquire Cyprus citizenship within 3 years and 8 months. This is the shortest possible route to a European passport currently available anywhere in the EU.
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Tax Rates

VAT in Cyprus

The standard VAT rate in Cyprus is 19%. This applies to primary real estate purchases, while secondary market properties are VAT-exempt. However, the Cyprus Permanent Residence Program does not permit residential property acquisitions on the secondary market.

A reduced VAT rate of 5% is available for first-time homebuyers who intend to use the property as their primary residence. Eligibility requirements include:

  • Property size: ≤ 130 m² (max. buildable area: 190 m²)
  • Property value: ≤ €350,000
  • Total transaction cost: ≤ €475,000

Important condition: If the buyer does not reside in the property or sells it within 10 years, they must repay the VAT difference (14% of the property value, prorated for the unused period).

Stamp Duty

Applicable to both primary and secondary market purchases, calculated as follows:

  • 0.15% for properties valued €5,000–171,000
  • 0.2% for properties > €171,000

Payment must be made within 30 days of signing the contract.

Income Tax in Cyprus

Cyprus operates a progressive income tax system for residents, with rates ranging from 0% to 35%. Key features:

  • Tax-Free Allowance: €19,500 (for employment income).
  • Low Flat Rate: 12.5% corporate tax (one of the EU’s lowest), with exemptions for foreign dividends and capital gains (except property).
  • Non-Dom Regime: 17-year tax exemption on dividends, interest, and capital gains for qualifying non-domiciled residents.
  • Double Tax Treaties: 60+ agreements to avoid dual taxation.

Other Taxes:

  • Capital Gains Tax: 20% (only on Cyprus real estate sales).
  • Defence Contribution: 2.65% on interest/dividends (waived for non-doms).
  • GHS (Healthcare): 2.65–4.7% of income (capped at €180,000).

Cyprus offers EU-compliant tax efficiency, especially for businesses and expatriates.

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Read our articles about the taxes in Cyprus residence program

Business set up

A company name can be in any language, provided it is expressed in Roman characters, and must end in "Limited" or "Ltd." The company must maintain a registered office in Cyprus. The share capital can be denominated in any currency, with at least one share issued upon incorporation. A minimum of one shareholder is required, who can be either a natural person or a corporate entity, and nominee shareholders are permitted. Similarly, at least one director is required, who may be an individual or a corporation, and can reside anywhere in the world—though resident directors are necessary for tax treaty access. A director may also be a shareholder.

Shareholder and director meetings may be held anywhere, either in person or virtually, with an annual general meeting of shareholders required. A company secretary must be appointed upon incorporation. Financial statements must be audited by a registered auditor based in Cyprus. Annual filing requirements include submitting an annual return and financial statements to the Registrar of Companies, as well as a tax return to the Tax Department.

Cyprus tax resident companies are subject to a 12.5% income tax on worldwide taxable income, though certain income types—such as dividends and profits from share sales—are exempt. Capital gains are only taxed if derived from the sale of Cypriot real estate. Companies engaged in R&D for intellectual property may qualify for an 80% tax exemption, reducing the effective tax rate to 2.5%. Cyprus’s extensive double tax treaty network is accessible to tax-resident companies, and no withholding tax applies to dividends paid to non-resident shareholders.

VAT registration is required if the company’s annual turnover exceeds €12,000, with a standard rate of 19%. Regarding foreign staff, companies majority-owned by non-EU citizens may apply for residence permits for their non-EU employees and families, provided certain conditions are met. The company must maintain a physical office in Cyprus, and non-EU shareholders must invest at least €200,000. Permits can be obtained for up to 5 directors and 10 middle-management executives, with additional non-EU hires possible under specific circumstances.

First step
Submit an application to the Civil Registry and Migration Department (CRMD) in Cyprus.
Get a consultation for free
Second step
Provide all required documents and supporting evidence.
Third step
Attend an interview at the CRMD (if required).
Fourth step
Receive your residence permit card (valid for 1 year).
Fifth
Renew your residence permit every year (or apply for permanent residency).
Get residence permit in Cyprys by investments

Investment options for Cyprus

Real estate purschase in Cyprus
Real estate purschase in Cyprus
from €300,000
Purchase of a newly built house or apartment with a minimum value of €300,000 (excluding VAT). Alternatively, the same amount may be invested in commercial property or hotels, which need not be new developments.
Business set-up in Cyprus
Business set-up in Cyprus
from €300,000
Set up business in Cyprus with €300,000 investment.

Requirements for applicants

Main applicant
Family applications
Limitations on nationality
Possible reasons for refusal
Calculate the cost
Cyprus residence program
Cyprus residence program
from €315,000
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+ Specify your family members

How to get Cyprus residence permit

Step-by-step instruction
1
Due Diligence check
2
Property selection
3
Property purchase
4
Preparation of residence permit application
5
Final payments
6
Application review
Due Diligence check
A background check is conducted on the client. Upon successful completion, the retainer fee becomes payable.
Our successful cases

Testimonials from satisfied clients

I thank One World Migration for the opportunity to move to Turkey with their help. I looked to relocate my company to be closer to my European partners and suppliers from the Middle East.

BONGANI DLAMINI
BONGANI DLAMINI

I first came to Portugal as a tourist 3 years ago. Having assessed the situation and got acquainted with this country, I decided that I wanted to stay here to live. Thanks to the efforts of One World Migration, this became possible.

LANING SUN
LANING SUN

The decisive factor for me in my decision to obtain Grenadian citizenship was the possibility of a visa-free visit to Europe, where my husband and I love to come both on business trips and on vacation. Thank you One World Migration!

SUNITA SINGH
SUNITA SINGH

I have to thank OneWorld Immigration and their customer mentality for the Grenada citizenship. They were able to prepare all the necessary documents in the shortest possible time and without undue worry and accompanied us throughout the entire process.

Yulia Pavlova
Yulia Pavlova

Frequently Asked Questions

About obtaining residence permit of Cyprus
-
Can I get full citizenship in the future?

Residence permit holders are eligible to apply for citizenship after residing in Cyprus for 7 out of the last 10 years, including the most recent 12 months. This means not being absent for more than 90 days in any year.

+
Are there restrictions on nations and nationalities?
+
Do I have to reside permanently in Cyprus?
+
What can I be denied residency for?
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Can I do business with residence permit?
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