Cyprus, with its stunning Mediterranean landscapes, strategic location at the crossroads of Europe, Asia, and Africa, and a favorable business environment, offers a unique Residency by Investment program. This program is ideal for individuals seeking access to the European lifestyle, high-quality healthcare, excellent education, and safety in a European Union member state.
Profitable Investment Opportunities
Invest in promising real estate or business opportunities in one of the fastest-growing EU economies.
Pathway to Citizenship
Start your journey toward European citizenship and enjoy visa-free travel to over 170 countries.
What is the Cyprus Residency by Investment Program?
The Cyprus Residency by Investment program, commonly known as the Cyprus Permanent Residency Program (PRP), enables non-EU nationals to obtain residency status through investment. The program offers permanent residency rights in Cyprus and provides a direct route toward European citizenship, with visa-free travel across the Schengen Area and an opportunity for applicants to live, work, and study in Cyprus.
Overview
Cyprus, known for its rich cultural heritage, mild climate, and high standard of living, is a member of the European Union and the Eurozone. Offering a secure and stable environment, Cyprus combines a business-friendly atmosphere with an attractive lifestyle, quality healthcare, and a booming economy. Cyprus is also a key destination for retirees, professionals, and families alike, drawn by the island’s unique blend of ancient history and modern infrastructure.
Why Choose Cyprus Residency by Investment?
Choosing the Cyprus Residency by Investment Program provides numerous advantages for investors and families, offering a strategic, low-tax EU location with easy access to Europe and the Middle East. Here are the program’s key benefits:
LOCATION
Passport Rank: 9 (passportindex)
Visa Free Countries: 171
Capital: Nicosia
Time: UTC+02:00 (EET), UTC+03:00 (EEST in summer)
Economy: Diversified, Service-Based Economy with Growing Tourism and Real Estate Sectors
GDP & Per Capita: $29.5 B, $33,100 (nominal, 2024 est.)
Age Demographics: 0-14: 16.6%, 15-24: 11.2%, 25-64: 56.5%, 65+: 15.7%
Language: Greek, Turkish
Common languages: English (widely spoken)
Government: Unitary Presidential Republic
Expedited Citizenship Approval
Citizenship applications are typically approved within approximately six months, providing a quick and efficient route to European citizenship.
Simultaneous Residency and Citizenship Applications
Cyprus allows for both residency and citizenship applications to be submitted simultaneously, streamlining the process and saving valuable time.
Dual Nationality Permitted
Cyprus imposes no obligation to relinquish current nationality, allowing investors to hold dual citizenship and enjoy the benefits of both.
Tax Advantages and EU Trade Freedom
Cyprus offers low tax rates and benefits from free trade within the EU, making it advantageous for business and wealth management.
Full EU Rights
Cyprus citizenship grants unrestricted rights to live, work, and study anywhere within the European Union, offering flexibility and freedom for both personal and professional endeavors.
Strategic Location with Easy Access to Key Markets
Positioned at the crossroads of Europe, the Middle East, and North Africa, Cyprus serves as a bridge to these regions and provides direct access to the Mediterranean, facilitating international connections and business expansion.
Safety and Quality of Life
As one of the safest countries globally with a population under 5 million, Cyprus offers a secure and tranquil environment. Coupled with a high standard of living, it’s an ideal choice for families and retiree s.
Qualification
To qualify for the Cyprus Residency by Investment Program, applicants must meet the following criteria:
Investment Requirements
Real Estate:
A minimum of €300,000 in residential property.
Other Investments:
Investment in other eligible assets or Cyprus-based companies, provided they meet the program's requirements.
Other Requirements
Why Work with MultiCitizenships?
At MultiCitizenships, we specialize in citizenship by investment and residency by investment programs worldwide. Our expert team is dedicated to guiding you through every step of the process, ensuring a smooth and hassle-free experience. With a strong presence in the MENA region, we understand the needs of investors seeking European residency and can help you make the most of your investment in Cyprus.
Whether you’re looking to secure a safe, strategic investment in Cyprus or plan for your family’s future within the EU, MultiCitizenships is here to help you make the most of your Cyprus Residency by Investment program.
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FAQ
Frequently Asked Questions
Your journey begins with a simple message or call. Reach out to us, and our dedicated team will be delighted to assist you. Whether you have inquiries, require guidance, or ready to take the next step, we’re here to make your international aspirations a reality.
The Cyprus Residency by Investment Program allows non-EU nationals to obtain permanent residency in Cyprus through a qualifying investment, typically in real estate. It provides a pathway to residency for the investor and eligible family members.
To qualify for Cyprus residency, investors need to make a minimum real estate investment of €300,000 in a new property. This investment grants residency for the investor and their eligible family members.
The Cyprus Residency by Investment Program is known for its fast-processing time. Typically, applications are approved starts from two months to six months, making it one of the quickest residency options in Europe.
Yes, Cyprus allows family members to be included in the application. Eligible family members include: Spouse, Children under 18 (and dependent children up to 25) and Parents of the main applicant.
Cyprus residency grants several benefits, including:
- Visa-free travel within the Schengen Zone (expected in the future as Cyprus is set to join Schengen)
- Access to quality healthcare and education in Cyprus
- Potential path to citizenship after seven years of residency
MultiCitizenships provides end-to-end support throughout the application process, helping clients with investment planning, documentation, and legal requirements, ensuring a smooth and efficient experience.
Multicitizenships enables individuals and families to attain Global Citizenship by making investments in second residency and citizenship programs worldwide. Read more
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