Residence permit in Cyprus
Investments from
300 000 USD
An investor invests in residential property in Cyprus - for example, a house or an apartment. He can buy up to 2 housing units, under the condition that both objects are "new buildings" and their total market value is not less than 331764 dollars. The investor buys the property and pays the associated fees.
General information
Program type
residence_permit
Receipt period
9 months
Compulsory visit or residence in the country
Within one year from the date of approval of the application the holder of the immigration permit is required to become a permanent resident of Cyprus. In order to maintain the status, one must visit the Republic every two years.
Visiting the country to take biometrics
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Movement
Number of visa-free countries
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Visa-free entry to the Schengen area
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Visa-free entry to the USA
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Visa-free entry to Australia
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Advantages
Family members
Husband/wife
Children under 18
Children from 18 to 25 years old (students, financially dependent on the investor, unmarried)
Parents of investor
Joining new family members
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Inheritance
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The right to permanent residence, study and work in the EU
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State recognition of second citizenship
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Finance
Amount of investment
300 000 USD
Investment options
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Cost per person
352 521 USD
Costs for 4 people (Spouses, child 8 years old, child 14 years old)
353 372 USD
Term of ownership of the investment object
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Return on investment
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Conditions for acquiring tax residency
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Funding option
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The documents
Type of documents
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Document validity period
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