Cyprus Visa & Residency Guide
Complete guide to Cyprus visa requirements, residency permits, and the Golden Visa program. Navigate the application process with expert insights and up-to-date requirements.
Cyprus Golden Visa Program 2024-2025
Fast-track to European residency through strategic investment. Updated requirements and enhanced benefits.
Investment Options
Real Estate Investment
Purchase 1-2 new residential properties totaling €300,000 + VAT, or commercial properties (offices, shops, hotels) of equivalent value.
- New construction or resale properties eligible
- Properties can be for personal or investment use
- Combination of residential and commercial allowed
Business Investment
Invest €300,000 in share capital of Cyprus company that employs at least 5 people.
- Must maintain employment levels
- Active business operations required
Investment Funds
Invest €300,000 in units of approved Cyprus collective investment organizations.
- Regulated investment products only
- Must maintain investment for minimum period
Updated Requirements 2024
Income Requirements
- Primary applicant: €50,000 annually
- Spouse: Additional €15,000
- Each child: Additional €10,000
Key Benefits
- EU residency rights in Cyprus
- No minimum stay requirements
- Path to permanent residency
- Include spouse and children under 25
Processing Timeline
Alternative Residency Options
Permanent Residency (Category F)
Income Requirements
€9,568 annual income + €4,613 per dependent
Processing Time
18 months average processing period
Restrictions
Cannot engage in business or employment
Best For
Retirees with foreign income who want permanent status without investment requirements
Temporary Residence (Pink Slip)
Income Requirements
€24,000 annual foreign income minimum
Duration
1 year, renewable annually
Application
Must apply within 7 days of arrival
Path Forward
Eligible for long-term resident status after 5 years of continuous legal residence
Application Process & Requirements
Step-by-Step Process
Initial Consultation & Planning
Assess eligibility, choose investment route, and develop strategy
Document Preparation
Gather required documents, obtain translations and apostilles
Investment Execution
Complete property purchase, business investment, or fund subscription
Application Submission
Submit complete application with supporting documentation
Review & Approval
Government review process and decision notification
Permit Collection
Receive residency permit and establish Cyprus ties
Required Documentation
Application Costs
Cyprus Non-Domicile Status
Optimize your tax position with Cyprus Non-Dom status. Significant tax advantages for 17 years.
Tax Residency Requirements
183-Day Rule (Standard)
Physical presence in Cyprus for 183 days or more during any calendar year automatically grants tax residency status.
- Simple calculation based on days present
- Suitable for most residents
60-Day Rule (Accelerated)
Spend at least 60 days in Cyprus with additional qualifying conditions for tax residency.
- Hold permanent residence status
- Maintain business or employment in Cyprus
- Not tax resident elsewhere for more than 183 days
Non-Domicile Eligibility
Must not have been tax resident in Cyprus for 17 of the 20 years preceding the year of assessment.
Non-Dom Tax Benefits
Investment Income
- • 0% tax on dividend income (17 years)
- • 0% tax on interest income (17 years)
- • No capital gains tax on securities
Employment Benefits
- • 50% exemption on salaries €55,000+
- • 5% flat rate on foreign pensions
- • Tax-exempt retirement benefits
No Taxes On
- • Wealth or estate taxes
- • Inheritance taxes
- • Gift taxes
Expert Tips for Success
Documentation
Prepare all documents well in advance. Apostilles and translations can take several weeks. Ensure all documents are current and properly certified.
Investment Strategy
Consider long-term goals when choosing investment route. Real estate offers tangible assets, while business investments may provide additional income streams.
Professional Guidance
Work with experienced immigration lawyers and tax advisors. Cyprus regulations are complex and professional guidance ensures compliance and optimization.
Start Your Cyprus Residency Journey
Navigate the Cyprus visa and residency process with expert guidance. From initial consultation to permit approval, we ensure a smooth and successful application.