Permanent Residency in Cyprus through Investment

The Cyprus Golden Residency Program allows eligible individuals and their families to obtain permanent residency in exchange for a minimum investment of 300,000 euros in real estate in Cyprus.

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About Cyprus

Cyprus is situated in the eastern part of the Mediterranean Sea as its third-largest island and connects Europe, Asia, and Africa. Cyprus is a doorway between West and East due to its’ location, educated English-speaking population, moderate cost of living, good airline and port service and great telecommunications. Cyprus’s high-income economy is classified amongst the 32 advanced economies of the world. The region has a rich history and the impact of the greatest civilizations. Cyprus enjoys a pleasant Mediterranean climate of long dry summers and mild winters. Cyprus is best known for its sunshine-packed coastal beaches, plus the island is also blessed with some stunning mountain ranges.

Population

1,244,188

Language

Greek & English

Currency

Euro (€) (EUR)

Capital

Nicosia

How to Obtain Permanent Residency in Cyprus?

Purchase one or more properties from a reputable developer in Cyprus with a minimum total value of 300,000 euros.

Pay a minimum of 200,000 euros plus VAT from the total property amount.

Provide proof of annual income outside the country amounting to at least 30,000 euros (for a spouse and dependent children, an additional 5,000 euros per person and for each parent of the applicant or their spouse, an additional 8,000 euros must be added).

Maintain a fixed three-year deposit in a Cypriot bank with a value of at least 30,000 euros transferred from abroad.

Immediate and Free Consultation with White Bird

Our experts at White Bird are ready to assist you. You can contact us and receive free consultation for your immigration needs.

Benefits of Permanent Residency in Cyprus

For Golden Card Holders

No requirement to reside in Cyprus

You and your family are allowed to live in Cyprus without any limitation to how long you can stay. As a matter of fact, there is no minimum stay requirement either.

Permanent residence of the whole family

Along with the investor, all the close relatives including the spouse, children under the age of 18, and parents of both the applicant and the spouse can also receive and have the benefits of a Cyprus Golden Visa.

Access to modern and effective social benefits

Residents of Cyprus can take advantage of high-quality healthcare and educational services including universities, schools as well as hospitals, and clinics. It is obvious that these services are subject to charges.

Favorable tax system

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

Opportunity to rent out the investment property

Cyprus Golden visa holders have the option to rent out their purchased residential or commercial investment property and receive income in euros. Besides, the income will be increased when the residential properties are leased daily. In other words, investors can take the profit out of their investment along with obtaining a Cyprus residence permit.

A prospect of becoming a Cyprus citizen

Permanent residents are eligible to apply for citizenship after Five years of residence with consideration of their condition and providing the required documents based on the law.

Timeline

We have prepared an approximate timeline based on the latest changes in Cyprus.

Contract with White Bird Group

Consultation with experts and lawyers of the White Bird Group and contract signing

Your property deed is ready

At this stage, you will receive your document by traveling to Cyprus.

Initial Residence Permit (White Paper)

At this stage, you will receive your initial residence permit.

Receiving the Residence Card

At this stage, you will receive your residence card.

It will last about 6 months.

Pay attention The announced schedules are approximate