Cyprus Golden Visa

The Cyprus Golden Visa program is a Residency by Investment (RBI) scheme, which grants residency to those who purchase Cypriot real estate and deposit a minimum amount of cash into one of the island’s banks (redeemable as a bond after three years). With a minimum investment of just €300,000 EUR, you can gain the Cyprus Golden Visa, granting visa-free entry to the Schengen area, access to EU investment schemes, and all the other benefits of the top-rated Cypriot Golden Visa program. 

About Cyprus

A Mediterranean island with Turkish and Greek cultural influences, Cyprus is a popular vacation destination due to its mild climate and refreshing seashore. Residents speak primarily Greek and Turkish.

Advantages to Cypriot Residency

Residents of Cyprus enjoy the following benefits through their Cyprus Golden Visa:

·    The right to live, work, and study in Cyprus

·    Visa-free entry to the 26 countries in the European Schengen area

·    Reduced tax burden

·    Low residency requirements (must travel to Cyprus at least one time every two years)

·    Quick timeline to second residency (2-3 months)

·    The opportunity to become a Cypriot citizen

Cyprus Real Estate Investment

·    Foreigners can receive a Cyprus Golden Visa by purchasing pre-approved, newly constructed property on the island and also making a monetary donation to a bank.

Cyprus Golden Visa Cost

·    €300,000 EUR (Real Estate Investment)

Please note that, in addition to the above investment amount for obtaining a Cyprus Golden Visa, all applicants are also responsible for the following fees:

·    €30,000 EUR (Qualifying Investment, plus €5,000 EUR per dependent)

·    5%-19% of total property value (Percentage depends on whether property is personal or commercial).

·    €500 EUR (Application fees)

Eligibility Requirements for Cyprus Golden Visa

All persons applying via the Cyprus Golden Visa program must fulfill the following criteria:

·    Pass a complete security/due diligence check

·    Obtain valid health coverage

·    Be without a criminal history (note, applicants who had hold EU-frozen property are ineligible for a Cyprus Golden Visa)

·    Main applicant must be age 18+

·    Be a non-EU citizen (applicants should also not be a citizen of any European Free Trade Association state (EFTA)

Eligible Family Members

·    Spouse

·    Dependent children under the age of 18

·    Unmarried children between the ages of 18 and 25 that are financially dependent on the investor and have a minimum of six months remaining study

·    Dependent parents and parents in law

Cyprus Citizenship

·       Cyprus Golden Visa holders who fulfill the eligibility requirements and residency conditions may apply for Cypriot citizenship after 7 years, so long as they have spent a complete year in the country when they go to apply. If successful, they will receive a Cyprus passport—ranked among the top 20 most powerful passports in the world.

How to Apply for Cyprus Golden Visa

Contact MASA Immigration to begin your journey to the Cyprus Golden Visa. All applicants must first secure an agent in order to apply for economic residency on Cyprus. Your agent will help you acquire, assemble, and fill out all of your application materials, ensuring that your application is complete when it is submitted.