Cyprus. Ideal Mediterranean Residency

The Cyprus Permanent Residence Program aims to boost foreign investment and support economic growth in the country. Under Regulation 6(2) of the Aliens and Immigration Regulations, the Ministry of Interior can grant residence permits to non-European applicants who invest in Cyprus.

Benefits of a Cypriot Golden Visa

Efficient Application Process: High approval rate when criteria are met.
Residency Flexibility: No need to live in Cyprus; visits are required once every two years.
Educational Opportunities: Dependents can enroll in reputable private schools offering English language courses.
Family Inclusion: Residence applies to the main applicant's spouse and children under 25.
Remote Processing: The process can be managed without being physically present in Cyprus, except for biometric capture.
Pathway to Citizenship: Successful applicants can apply for Cypriot citizenship after five years of residence.

Requirements for the Cyprus Golden Visa

To qualify, applicants must meet the following requirements.

Investment Requirement: (choose one of the following four options)

Real Estate: Purchase up to two new residential properties with a total market value of at least EUR 300,000 plus VAT.
Non-Residential Properties: Purchase up to two new or used commercial properties (e.g., offices, shops) valued at a minimum of EUR 300,000 plus VAT.
Company Investment: Invest EUR 300,000 in a Cyprus-registered company that employs at least five people.
Investment Funds: Invest EUR 300,000 in units of collective investment schemes recognized by the Cyprus Investment Funds Association.

Income Requirement:

Demonstrate an annual income of at least EUR 50,000 from abroad (an additional EUR 15,000 for each dependent spouse and EUR 10,000 for each minor child).

Additional Requirements:

Submit clear criminal record certificates from both the country of origin and residence every three years (applies to all adult dependents).
Provide an official statement confirming non-employment (unless the applicant is a director of their investment company).

Application Procedure and Timeline

Applications must include completed forms, required fees, and supporting documentation. Annually, applicants must prove their continued investment and maintain health insurance if they do not benefit from the General Healthcare System.

Processing Time: Approximately two months.

Frequently Asked Questions

What is the Cyprus Permanent Residence Program?

The program provides residence to individuals and their families through significant investments in Cyprus.

What are the investment options available?

Investments can be in real estate, a Cyprus-registered company, or approved investment funds, with an annual income requirement from abroad.

What are the benefits of obtaining Cypriot residence through investment?

Benefits include the right to live and study in Cyprus, minimal residence requirements, and a streamlined application process.

What is the minimum investment required?

The minimum investment is EUR 300,000 + VAT (5-19%)

How long does it take to process an application?

Processing typically takes around two months.

Can family members be included in the application?

Yes, the main applicant can include their spouse and dependent children.

What are the residence requirements?

Applicants must visit Cyprus at least once every two years.

What documents are needed for the application?

Required documents include a valid passport, proof of investment, a clean criminal record, and an official statement of non-employment, among others.

Can one obtain Cypriot citizenship through this program?

Yes, investors may apply for citizenship after five years of maintaining residence.

What is the application process?

Make a qualifying investment, submit the application with necessary documents, and undergo a due diligence review.

Sincerely,

Giulio Cinisi

Managing Partner

SOLUNA HK LIMITED

Hong Kong | Dubai | Zurich

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