Guide to Obtaining a Golden Visa in Cyprus

Guide to Obtaining a Golden Visa in Cyprus is a comprehensive resource for individuals seeking to acquire residency in Cyprus through the Golden Visa program. Cyprus offers a pathway to residency through investment, making it an attractive option for investors worldwide.

This guide provides detailed information on the requirements, benefits, and steps involved in obtaining a Golden Visa in Cyprus. Whether you are interested in real estate investment, business development, or other investment opportunities, this guide will help you navigate the process effectively.

Obtaining a Golden Visa in Cyprus

Obtaining a Golden Visa in Cyprus

Obtaining a Golden Visa in Cyprus is a popular option for individuals looking to obtain residency in a European Union country. The Golden Visa program allows non-EU citizens and their families to obtain residency in Cyprus by making a qualifying investment in the country.

Qualifying Investment

To qualify for a Golden Visa in Cyprus, individuals must make a qualifying investment in the country. The most common investment options include purchasing real estate, making a bank deposit, or investing in a Cyprus-based company. The minimum investment amount varies depending on the type of investment chosen.

Real Estate Investment

One of the most popular ways to obtain a Golden Visa in Cyprus is by investing in real estate. The minimum investment amount for real estate is typically €300,000, although this amount can vary. The property purchased must be new and located in Cyprus.

Bank Deposit

Another option for obtaining a Golden Visa in Cyprus is by making a bank deposit. The minimum deposit amount is typically €30,000, and the funds must be deposited in a Cypriot bank and be held there for at least three years.

Investing in a Cyprus-Based Company

Individuals can also obtain a Golden Visa in Cyprus by investing in a Cyprus-based company. The minimum investment amount for this option is typically €200,000, and the company must have a physical presence in Cyprus and employ at least five Cypriot or EU citizens.

Benefits of a Golden Visa in Cyprus

There are several benefits to obtaining a Golden Visa in Cyprus. Firstly, the visa allows individuals and their families to live, work, and study in Cyprus. Additionally, holders of a Golden Visa in Cyprus have the right to travel freely within the Schengen Area.

Application Process

The application process for a Golden Visa in Cyprus is relatively straightforward. Once the qualifying investment has been made, individuals can submit their application to the Cyprus government along with the required supporting documents. The application is typically processed within a few months, and if approved, the Golden Visa is valid for five years and can be renewed.

Residency Requirements

While holders of a Golden Visa in Cyprus are not required to reside in the country full-time, they must visit Cyprus at least once every two years to maintain their residency status. After holding the Golden Visa for seven years, individuals may be eligible to apply for permanent residency or citizenship in Cyprus.

Conclusion

Obtaining a Golden Visa in Cyprus is an attractive option for individuals looking to obtain residency in a European Union country. With various investment options available and a straightforward application process, the Golden Visa program in Cyprus offers a pathway to residency and potentially citizenship in the future.