Cyprus is a low-tax, business-friendly jurisdiction that enjoys a warm, Mediterranean climate. Its permanent residence program has a relatively low investment threshold in European context and enables a path to EU citizenship with just over five years of physical residence. In order to maintain their permanent residency status, investor just need to visit the country once every two years. All these factors makes Cyprus an ideal destination for investor to set up their business there via the path of residency.
For years, Limassol, the capital of Cyprus has been dubbed the Moscow of Mediterranean due to many ultra wealthy Russians who made it their home via residency or citizenship there. It is an incredibly stable country, economic and political wise.
RESIDENCE PERMIT
AT A GLANCE
Investment from
EUR 250,000
Processing time
2 - 3 months
Physical Presence
Once every 2 years
Time to Citizenship
5 years
Residence Tax
12.5% corporate tax rate, 0% on income outside Cyprus
Visa Free Destination for Citizen
177 countries
Benefits
- Visa free travel within Schengen countries without additional visa and spend up to 90 days per visit. Schengen countries include: Germany, Netherlands, Sweden, Greece, Portugal, Belgium, Poland, Malta, Austria, Denmark, Switzerland, Hungary, Spain, Lithuania, Slovakia, Finland, Norway, France, Latvia, Luxembourg, Estonia, Iceland, Slovenia.
- Spouse and unmarried children up to 25 year old could be included in the same application. As of May 2023, parents and parents in law are no longer eligible.
- Huge opportunities for investment, especially in tourism related industry. Cyprus is one of the main tourist destination for the high net worth individual regardless of season, thanks to its warm Mediterranean climate all year round.
- Business friendly environment: less bureaucracy, efficient banking, low tax and politically stable.
- Fast processing time and high approval rate
- Ease of communication, English is widely used in the country
