Cyprus is one of the largest islands in Europe, the third in size in the Mediterranean Sea and serves as a connection between Asia and the Old Continent. These are just a few of the reasons why foreign investors come to open companies in Cyprus, while foreign citizens move here for other purposes.
A less known fact about Cyprus is that on the background of other countries enforcing stricter rules for immigrants, the Cypriot government has enabled various immigration and residency programs through which foreign citizens can acquire a Cypriot residency and citizenship. One of these programs is the Golden Visa Program.
Our lawyers in Cyprus can offer information on the Aliens and Immigration Regulations.
The Cypriot Golden Visa Scheme was created for non-EU citizen seeking to relocate to the European Union by obtaining a residence permit or by becoming Cypriot citizens. Among the advantages of the Cyprus Golden Visa Program are:
Our Cypriot lawyers can provide you with additional information on the advantages of the Golden Visa Residency Program.
The main requirement to obtain residency in Cyprus through the Golden Visa Scheme is to purchase real estate in the country. The property must be new and its market value must be 300,000 euros without the VAT. Foreign investors owning a company in another country may also apply for the Cyprus Golden Visa Program and buy a property through the company as long as:
As mentioned above, the Cyprus Golden Visa Program is also dedicated to foreigners who want to acquire citizenship. They must fulfill the following criteria in order to become Cypriot citizens through the Golden Visa Scheme:
It is not mandatory for the applicant to live in Cyprus after receiving the citizenship.
The documents to be filed with the Immigration Control Board when applying for the Cyprus Golden Visa Scheme are:
For full information on the Golden Visa Program, please contact our law firm in Cyprus. You can also rely on the company formation services we offer in Cyprus.
There are no comments