Citizenship by investment in Cyprus has emerged as a highly attractive and practical pathway for global investors seeking greater mobility, financial benefits, and a secure future for their families. By obtaining a Permanent Residence Permit (PRP), individuals can access a wealth of advantages, from favorable tax regimes to eventual citizenship. This process is facilitated by Astons, a reputable firm that provides personalized guidance and a comprehensive assessment of your eligibility, ensuring a seamless and efficient journey.
Why Invest in Cyprus?
Obtaining permanent resident status for you and your family is a fast-track process, with application reviews typically completed in just six months. Moreover, Cyprus’ Non-Domicile regime offers remarkable tax advantages, including exemptions from defense contributions, capital gains tax, inheritance tax, and taxes on worldwide income.
After maintaining PRP status for eight years, you can apply for Cypriot citizenship, granting you visa-free or visa-on-arrival access to more than 173 countries — a significant advantage for global citizens.
The investment threshold is accessible, with a minimum property investment of €300,000 in residential zones, and unlike other countries, there’s no government donation required.
Real Estate Investment Criteria
To qualify for PRP, your investment must be directed toward one of the following:
- A newly built residential property;
- A combination of multiple real estate projects.
All financial transactions must be processed through approved property developers, and the sales contract must be officially lodged with the Cyprus Department of Lands and Surveys. Not only is the purchase a solid investment, but you can also rent out the property to generate income.
Basic Requirements After Securing PRP
- Work Restrictions: While you cannot seek employment within Cyprus, you are allowed to own and manage a registered business.
- Visit Obligations: To retain your PRP, you must visit Cyprus at least once a year, while family members are required to visit once every two years.
- Sanctions Compliance: You must not have frozen assets within the EU as a result of sanctions.
- Minimum Income Requirement: Your verified annual income from abroad must be at least €50,000, increasing by €15,000 for a spouse and €10,000 for each dependent child.
Additionally, if you obtain permanent residency in another country, your PRP status in Cyprus may be revoked.
How to Start Your Journey
- Schedule a Consultation: Reach out to Astons’ expert consultants by phone or request a callback for a personalized assessment of your case.
- Select Your Property: Browse a curated list of eligible properties. If you’re unsure, Astons recommends visiting Cyprus to tour the options and experience your future home firsthand. Astons ensures every transaction is safe and transparent.
- Submit Your Documents: Gather and submit the required documentation, and let Astons handle the administrative process.
- Receive Approval: Await approval and receive your immigration documents, securing your path to Cypriot residency.
Take advantage of this exclusive opportunity to obtain Cypriot nationality and open doors to global mobility and financial freedom. Book your complimentary consultation with Astons today.
