Cyprus Residency

Non-EU citizens obtain Cyprus permanent residence by investing at least €300,000 in real estate or securities.

Permanent residents may not pay taxes on global income, including dividends and capital gains. The country has no inheritance tax and low income and property tax rates.

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

Residency for the family can be obtained at the same time.

A permanent resident can obtain Cyprus citizenship after 7 years of living in the country.

€300,000+

Investment amount

2-3 months

obtaining period

7 years

to live in Cyprus to apply for a passport

5+ years

Return of real estate investment

Benefits of Residency in Cyprus

Tax optimisation

There is no tax on global income and inheritance and low property and income taxes rates. The corporate tax rate is one of the lowest in Europe — 12.5%

Income from investments
in real estate

Prices on Cypriot real estate grow by 1—4% every year. The same yield is applied to leases of residential property.

Prospect of obtaining
a Cypriot passport

Permanent residence is issued for life and is passed on to children. 7 years after receiving permanent residence, its holder can apply for Cyprus citizenship and become a full-fledged citizen of the European Union.

Opportunity to own
a business

Unlike under many other investment immigration programs, investors with the Cyprus permanent residence can buy shares in local businesses, open their own companies or transfer operating companies to the island’s jurisdiction.

High quality of life

Cyprus has been included in the IMF list of developed economies since 2001. According to the Human Development Index, Cyprus ranks 31st in the world. The island has the lowest crime rate in Europe.

Terms of the residency program by investment

€300,000+
Purchase of residential property

The investor can buy one or two new properties with a total value of €300,000 plus VAT. The standard VAT rate is 19%. But if the property is the only housing and the investor plans to live there and not rent it out, VAT is reduced to 5%. It is not possible to buy a resale property.

Immigrant Invest has a database with hundreds of reliable properties, including those at the construction stage, which our clients can buy without a commission. Our lawyers will organize a trip and accompany investors when choosing a property.

€300,000+
Purchase of commercial property

The investor can buy one or two commercial properties with a total value of €300,000 plus VAT. The property can be new or for resale. Offices, shops, hotels or a combination worth at least €300,000 qualify as commercial properties under the option