Investment and the conditions for obtaining residence and citizenship in Cyprus
Investment in Cyprus, conditions for obtaining residence in Cyprus, and immigration through investment in Cyprus is discussed in detail. Cyprus offers residence to the investors through various investment methods such as buying a property and registering a company. Depending on the amount you invest in Cyprus (500,000 to 2 million euros), you can obtain a temporary residence for one-year or a permanent residence in Cyprus. You can also get a Cypriot passport by investing in Cyprus real estate. In this article, we will discuss this issue in detail. If the investor succeeds in obtaining a residence permit in Cyprus through any of the investment methods, one’s spouse and children under 18 years can also obtain a residence permit in Cyprus. You can contact the experienced experts of MIE Austria and benefit from a free telephone consultation about investment in Cyprus and its consequences.
In the Comments section, you can also ask your questions and answer them in a short time.
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Investment in Cyprus by buying a property
Investment in Cyprus by buying a property is one of the best and safest methods to invest in this country. We will discuss the value of a property in Cyprus. Investment is possible by buying a property with a minimum capital of 3000,000 to 500,000 euros. In this method of investment, there is no need to be physically present in Cyprus to obtain residency, but if the investor wishes to obtain residency in Cyprus, one must keep the property for 3 years. There is another type of investment in Cyprus which is through the purchase of a property with which you can obtain a Cypriot passport. If you want to become a permanent residence and then a citizen in Cyprus, you have to buy a property worth at least 2 to 3 million euros, one must own the purchased property for 3 years and at the end of the third year can sell the property and buy another property worth 500,000 euros. In this method, you first obtain permanent residence in Cyprus for 3 years and then you can apply for a Cyprus passport. If the investor has a spouse and children, this residence will be issued to them as well (the spouse and children under 18 years). If you buy a property worth 300,000 to 500,000 euros, you will only obtain a residence. Fortunately, there is no need for the investor to be physically present in Cyprus to obtain residence. The following is a list of investment benefits in Cyprus through buying a property.
- Low taxes
- Obtaining citizenship fast
- Obtaining permanent residence very fast
- Obtaining citizenship
- Possibility to travel to more than 155 countries without requiring a visa (the property must be purchased in Southern Cyprus)
- Ability to receive a passport for all family members, including children under 18 years
- No obligation to live in Cyprus for the whole year
- No obligation for language knowledge
- Possibility to obtain a US tourist visa
- Tax exemption for all sources of income anywhere in the world
- No need to provide evidence of management records and the way of capital raising
Investment in Cyprus through company registration
Investment in Cyprus through company registration is another method to obtain temporary residence in this country. To register a company in Cyprus, you must submit an ideal and new economic plan, which can be in the field of business or tourism. One of the most popular types of companies in Cyprus is a limited liability company. If you have an active company you can set up a branch of your company in Cyprus. To do this you will need a lower who is fully acquainted with the Cyprus laws. The minimum capital to register a company in Cyprus is 24,629 euros.
The name you choose for the company must be approved. Your lawyer in Cyprus must get the name confirmation. The address of the company must be defined, the details of the owner of the company (passport information) must be stated completely, and the declaration form must be completed in this regard. Company registration fees should be paid, which include the cost of sending the form, the cost of the company registration certificate, the cost of verifying the registered address of the company, the cost of verifying and certifying the managers of the company, and the cost of registering documents.
Investment in Cyprus by entrepreneurship
Entrepreneurship in Cyprus is one way to invest and obtain residency in this country. The Cypriot government supports entrepreneurs who start innovative businesses. For this, you should present a very innovative plan that can lead to job creation and income in Cyprus. In this regard, if the entrepreneur’s economic plan is approved, a one-year residence card will be issued to one and one’s family, which includes one’s spouse and children under 18, which can be extended and result in permanent residence in Cyprus. As a member of the World Trade Organization and the Commonwealth of Independent States, as well as the International Monetary Fund, Cyprus can be a good destination for investors. Of course, you should consider a very important point which is the fact that elite entrepreneurs with original ideas can do entrepreneurship in first-class European countries such as Austria and Germany. It is recommended that you consult with specialized lawyers before starting entrepreneurship.
Answers to common questions about investment in Cyprus
✅ What is the best way to invest in Cyprus?
The best way to invest in Cyprus is to buy property in this country.
✅ Is it possible to obtain residence in Cyprus by buying a property?
Yes. It is possible to obtain permanent residence and citizenship in Cyprus by buying a property.
✅ Is it possible to obtain residence in Cyprus by investing in franchises?
No. To invest in franchises you must first obtain residence in Cyprus through other methods.
✅ Is it possible to obtain a Cypriot passport by investing in this country?
Yes. If you buy a property worth 2million euros, you can get a Cypriot passport.
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