1.27 million

Population

$38,203

GDP (per capital)​

178

Visa-Free Countries​

$41,130

GDP (purchasing power parity)

Cyprus
TIME ZONE

(UTC+2)

TOTAL AREA

9,251 km2

CURRENCY

Euro €

CAPITAL CITY

Nicosia

LANGUAGES

Greek, Turkish, English

Main Industries

Tourism, Agriculture, Financial, Shipping, Real Estate

Lithuania

Understanding the Cyprus Golden Visa Program

The Cyprus Golden Visa is a residency-by-investment initiative that grants non-EU nationals the right to live in Cyprus through a qualifying financial contribution. Unlike temporary residence schemes, this program offers permanent residency from the outset, making it one of the more efficient and appealing options for investors seeking long-term stability within the European Union.

Applicants are not required to reside in Cyprus full-time, but they must meet specific investment thresholds and maintain certain conditions to retain their status. This approach is particularly well-suited to individuals aiming to secure a European base while continuing to manage business or family interests abroad.

Eligibility Criteria for the Cyprus Golden Visa

Eligibility Criteria for the Cyprus Golden Visa

The Cyprus Golden Visa program offers a streamlined pathway to permanent residency for non-EU nationals through strategic investment. As of 2025, the eligibility requirements are as follows:

Investment Options

Applicants must invest a minimum of €300,000 (excluding VAT) in one of the following categories:

  1. Residential Real Estate: Purchase of up to two new residential properties (first-time sales) from a developer. At least €200,000 plus VAT must be paid before applying. The funds must originate from abroad and be deposited in a local bank prior to the transaction.
  2. Commercial Real Estate: Investment in new or resale commercial properties, such as offices, shops, or hotels. The total value must be at least €300,000, excluding VAT.
  3. Cypriot Company Shares: Acquisition of shares in a Cyprus-based company that has a physical presence and employs at least five Cypriot or EU citizens.
  4. Investment Funds: Investment in units of Cyprus-regulated investment funds, including Alternative Investment Funds (AIF), Alternative Investment Funds with Limited Number of Persons (AIFLNP), or Registered Alternative Investment Funds (RAIF). The fund must be regulated by the Cyprus Securities and Exchange Commission (CySEC) and have a physical presence in Cyprus.

It's important to note that for real estate investments, the property must be new and purchased directly from a developer. Additionally, the investment funds must originate from abroad.
These investment options provide flexibility for investors to choose the avenue that best aligns with their financial goals and lifestyle preferences.

Income Requirements

In addition to the investment, applicants must demonstrate a stable annual income from abroad, meeting the following thresholds:

  • Main Applicant: €50,000
  • Spouse: Additional €15,000
  • Per Dependent Child: Additional €10,000
Acceptable income sources include salaries, pensions, dividends, interest, or rental income. Proof of income must be provided through tax return declarations from the applicant’s country of tax residence.

Additional Requirements

  • Clean Criminal Record: Applicants and their adult dependents must provide a clean criminal record from their country of origin and any country where they have resided.
  • Health Insurance: Comprehensive health insurance coverage for the applicant and all dependents is mandatory.
  • Declaration of Non-Employment: Applicants must declare that they do not intend to work in Cyprus, except as directors of the company in which they have invested.
  • Residency Maintenance: To maintain permanent residency status, the applicant must visit Cyprus at least once every two years.
By fulfilling these criteria, investors can secure permanent residency in Cyprus, providing a gateway to the European Union and the associated benefits.

Family Inclusion in the Cyprus Golden Visa Program

The Cyprus Golden Visa program offers non-EU investors a pathway to permanent residency, extending benefits to immediate family members. As of 2025, the eligibility criteria for dependents are as follows:

Cyprus

Application Process for the Cyprus Golden Visa

Application Process for the Cyprus Golden Visa

Securing permanent residency in Cyprus through the Golden Visa program involves a structured and efficient process. As of 2025, the application procedure encompasses the following steps:

1. Preparation of Documentation

Begin by assembling all necessary documents, which include:

  • A completed and signed application form (Form MIP1).
  • Valid passports for the applicant and any dependents.
  • Curriculum Vitae detailing educational and professional background.
  • Proof of investment, such as a contract of sale or title deed for the purchased property in Cyprus, or bank transfer receipts showing a minimum investment of €300,000.
  • Evidence of the source of investment funds, including bank statements and employment contracts if applicable.
  • Documentation demonstrating an annual foreign income of at least €50,000, plus €15,000 for a spouse and €10,000 per dependent child. Acceptable proofs include tax returns or bank statements.
  • Original criminal record certificates from the applicant’s country of residence, officially translated into English.
  • Certified and officially translated marriage and birth certificates, if applicable.
  • Proof of comprehensive health insurance coverage for all family members.
  • Recent passport-sized photographs for each applicant.
  • A signed declaration stating that the applicant will not work in Cyprus, except as a company director.

Ensure all documents are officially translated into Greek or English. If your country is part of the Apostille Convention, an Apostille stamp is required; otherwise, documents must be legalized by both your country’s Ministry of Foreign Affairs and the Cypriot Ministry of Foreign Affairs.

2. Submission of Application

Submit the complete application package to the Civil Registry and Migration Department (CRMD) in Cyprus. This can be done in person or through an authorized representative. If submitting via a representative, include a letter of authorization.

3. Payment of Fees

Upon submission, pay the required fees:

  • €500 application processing fee.
  • €70 per person included in the application for issuing the Alien Registration Certificate (ARC).

4. Application Processing

The CRMD reviews the application, and provided all criteria are met, it is forwarded to the Minister of Interior through the Permanent Secretary of the Ministry of Interior. The estimated processing time is approximately two months.

5. Investment Completion

After approval, finalize the qualifying investment as per the chosen category. Ensure that the investment funds originate from abroad and are deposited in a local bank prior to the transaction.

6. Issuance of Residency Permit

Once the investment is confirmed, the applicant and included family members receive their permanent residency permits, allowing them to reside in Cyprus. To maintain this status, residents must visit Cyprus at least once every two years.
By meticulously following these steps and ensuring all requirements are met, applicants can successfully obtain permanent residency in Cyprus through the Golden Visa program.

Cyprus

Path to Cypriot Citizenship Through the Golden Visa Program

Path to Cypriot Citizenship Through the Golden Visa Program

For non-EU nationals who have secured permanent residency in Cyprus via the Golden Visa scheme, the journey toward full citizenship is structured yet attainable. As of 2025, the Republic of Cyprus offers a clear naturalization pathway for long-term residents who meet specific residency and legal criteria.

Naturalization Requirements

To qualify for Cypriot citizenship through naturalization, applicants must fulfill the following conditions:

  • Residency Duration: A minimum of seven years of legal residence within the last ten years preceding the application. This includes a continuous 12-month stay immediately before submitting the application. Short absences of up to 90 days within this 12-month period do not disrupt continuity.
  • Good Character: Applicants must demonstrate good character, typically evidenced by a clean criminal record.
  • Language Proficiency: Sufficient knowledge of the Greek language at the B1 level is required.
  • Civic Knowledge: An understanding of the basic elements of the contemporary political and social reality of Cyprus is necessary.

Application Process

The application for citizenship by naturalization is submitted to the Civil Registry and Migration Department (CRMD) in Cyprus. Applicants must provide comprehensive documentation, including proof of residency, language proficiency, and other supporting materials as specified by the CRMD.

Important Considerations

  • Continuous Residency: The requirement for a continuous 12-month stay immediately before the application is strictly enforced. Applicants should plan accordingly to meet this criterion.
  • Documentation: All documents submitted must be officially translated into Greek or English and, where necessary, legalized or apostilled.
  • Processing Time: The naturalization process can be time-consuming. Applicants are advised to ensure all requirements are met to avoid delays.

By adhering to these guidelines and maintaining their residency status, Golden Visa holders can successfully transition to full Cypriot citizenship, enjoying the rights and privileges that come with it.

Conclusion

Cyprus offers a compelling route to permanent residency—and eventually citizenship—through its Golden Visa program, striking a balance between opportunity and stability. With its strategic location, investor-friendly climate, and EU membership, the island appeals to individuals seeking both security and access to European markets. By meeting the program’s clear investment, income, and residency requirements, applicants can build a long-term future in Cyprus, with the added benefit of family inclusion and a path to full integration. For many, it’s not just an investment in property or business, but an investment in a new way of life.

FAQ about Cyprus Residency

1. Who is eligible for the Cyprus Golden Visa?

Non-EU nationals who invest at least €300,000 in real estate, business, or investment funds and meet income and background requirements.

Yes, you can include your spouse and dependent children under 25. Parents and in-laws are no longer eligible.

Most applications are processed within two months.

No, but you must visit at least once every two years to maintain residency.

After 8 years of residence in Cyprus, including one continuous year before applying.

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