Investment quota: 300,000 euros (2,121,000 yuan) + tax, only a new lot can be purchased from the developer, and the property worth 300,000 euros must be held for a period of time during the visa period
Asset requirements: Individuals and spouses must have assets of 300,000 euros
Overseas income of more than 30,000 euros per year (212,100 yuan)
Provide proof of income annually or every two years to prove that the applicant’s annual income is 12,000 euros (84,840 yuan)
Visits to Cyprus every two years
After 7 years of residence, you can apply for naturalization
Project Advantages
You can obtain permanent residence in about 2 months, stay in 1 day every 2 years (Baoyong residence), and apply for naturalization after 7 years of residence (183 days/year).
The country is a territorial tax system, so there is no concern about global taxation.
There is no inheritance tax, real estate holding tax, transfer fee and other real estate-related taxes, only business tax, and the first property (less than 200m2) is only charged 5%.
No language tests, no medical exams, or interviews.
Enjoy the right to education and long-term residence in the European Union.
Cyprus is about to join the Schengen Area in 2021, making it easier to get in and out of EU countries.
Family Members
Investor, spouse, dependants under the age of 28 and parents
Application Procedure
Applicants must travel to Cyprus to provide biometric information
Submit the completed application form and required documentation
The Cyprus Ministry of Civil Registration and Immigration will grant Cyprus permanent residence status to successful applicants
