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Cyprus

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Associate Lawyers

Jagmohan Singh Nanda
Jagmohan Singh Nanda
Veena
Veena C. Gupta
Regulated Canadian Immigration Consultant
Vasim Shaikh
Vasim Shaikh

Cyprus is a small island country which is strategically located at the intersection of Europe, Asia and Africa. Cyprus has a legally and socially stable environment for doing business as a member of the European Union. A low business tax rate of 12.5% and an attractive tax regime make Cyprus one of the most business-friendly countries.

Low crime rates with advanced technological innovations in infrastructure and telecommunications make Cyprus, a most wanted country for permanent residency and citizenship for you and your family.

There are two routes to obtain permanent residency and citizenship of Cyprus.

Golden Visa Permanent Residency Program

In this program, you can apply to be a permanent resident of Cyprus. Once approved, you and dependent family members receive an EU passport and lifetime permanent residency status of the country.

Who is eligible?

  • Under the fast-track program, foreign nationals who make a minimum investment in new Cyprus real estate projects to the tune of €300,000 exclusive of VAT
  • Under the standard program, foreign nationals who make a minimum investment of €80,000

Salient Features of the program

  • Spouse eligible to receive permanent residency
  • Dependent children, up to 25 years of age are eligible to obtain permanent residency
  • Dependent parents of both the applicant and the spouse are eligible to receive permanent residency
  • Average processing time for the fast-track program is 60 days
  • Average processing time for the standard program is fifteen (15) months
  • Ownership of the Cyprus property to be maintained during the residency tenure

Once the permanent residency has been successfully maintained for minimum seven years, you and dependent family members are eligible to receive an EU passport and citizenship of Cyprus.

Cyprus Citizenship by Investment Program

Under this program, you are eligible to apply for and receive citizenship of Cyprus subject to successfully meeting the required criteria.

Who is eligible?

  • Foreign nationals who invest a minimum of €2million into residential property in Cyprus

Salient Features of the program

  • Visa-free travel to more than 175 countries
  • Citizenship passes on to the next generations
  • The average processing time is 90 days
  • Exit plan for the investment is available after three (3) years for €1.5million
  • Rental properties have an assured 4% rental yield
  • No language requirements
  • No physical residency requirements are present
  • Dependent children up to the age of 28 are eligible for citizenship
  • Dependent parents can be included in the application with additional charges of €500,000
  • Average processing time is 3-6 months

Investors and their dependents are granted citizenship of Cyprus subject to successfully clearing all the requirements. An amount of €500,000 must be kept invested into Cyprus real estate at all times.

How We Can Help

Contact Nanda & Associate Lawyers today to know more about which immigration program is most suitable for you and your family. We offer legal counsel to assist you in similar investment routes to the residency of other countries. Choose us, and we will help you select the suitable pathway for you.

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