Cyprus Golden VISA

Efstathios K. Efstathiou > Cyprus Golden VISA

Cyprus Golden Visa 2024: Your Gateway to European Residency


Are you looking for an opportunity to secure European residency while enjoying a high standard of living? Look no further than the Cyprus Golden Visa program. Designed to attract investors and entrepreneurs from around the world, the Cyprus Golden Visa offers a fast and straightforward path to residency in one of Europe’s most beautiful and vibrant countries.


Why Choose Cyprus for Your Golden Visa?


Cyprus, an island nation located in the Eastern Mediterranean, presents a myriad of advantages for those seeking a Golden Visa:


European Union Membership: By obtaining a Golden Visa in Cyprus, you are granted access to the entire European Union. This opens up a world of opportunities for travel, business, and education within the EU’s member states.


Strategic Location: Situated at the crossroads of Europe, Asia, and Africa, Cyprus offers excellent connectivity and serves as a key hub for trade, investment, and tourism. Access to major cities such as London, Moscow, and Dubai is just a few hours away.


High Quality of Life: Cyprus boasts a Mediterranean lifestyle with a pleasant climate, stunning beaches, and an abundance of outdoor activities. You can enjoy a relaxed pace of life, excellent healthcare, world-class education, and a safe environment for you and your family.


Vibrant Business Environment: Cyprus is renowned for its favorable business environment, with a low corporate tax rate, robust legal framework, and a well-developed financial services sector. Investors can benefit from the country’s attractive tax incentives and a highly skilled and multilingual workforce.


The Cyprus Golden Visa Program: How It Works


The Cyprus Golden Visa program offers a straightforward and efficient route towards residency and, eventually, citizenship. Here’s an overview of the program:


Investment Options: To qualify for the Golden Visa, investors have several investment options:


Purchase of real estate: With an investment of €300,000 or more in residential or commercial properties in Cyprus, investors can obtain their Golden Visa. The property can be rented out, generating income for the investor.


Investment in Cypriot businesses: By acquiring or establishing a business in Cyprus with a minimum investment of €200,000, investors can secure their Golden Visa. This option promotes entrepreneurship and job creation in Cyprus.


Government bonds or financial assets: Investors can invest at least €200,000 in government bonds issued by the Republic of Cyprus as part of their Golden Visa application.


Fast-Track Process: The Cyprus Golden Visa program offers an efficient and streamlined application process. Once the investment is made, investors can expect to receive their residency permit within two to three months, allowing them to reside in Cyprus and enjoy the benefits of European residency.


Benefits of the Cyprus Golden Visa: 


The Cyprus Golden Visa provides a range of benefits, including:


Residency in Cyprus for the investor, their spouse, minor children, and adult dependents up to the age of 28.


Freedom to travel within the Schengen area for up to 90 days in any 180-day period.


Access to high-quality education in Cyprus, including reputable schools and universities.


Option to apply for Cyprus citizenship through naturalization after seven years of continuous residence.


Ability to establish and operate businesses in Cyprus, leveraging the favorable business environment and growing economy.


Why Choose Efstathios C. Efstathiou LLC as Your Partner?


At Efstathios C. Efstathiou LLC, we specialize in assisting investors in obtaining their Cyprus Golden Visa with ease. Our experienced team of professionals will guide you through the entire process, from investment selection to application submission, ensuring a seamless experience. Here’s what sets us apart:


Expertise and Experience: With years of experience in immigration and investment consulting, our team has a deep understanding of the Cyprus Golden Visa program and the local market. We are well-equipped to provide accurate and up-to-date information to help you make informed investment decisions.


Tailored Solutions: We understand that every investor is unique, with different investment preferences and goals. Our team will work closely with you to identify the most suitable investment option that aligns with your needs, ensuring maximum return on investment and value in the long run.


Efficiency and Transparency: We pride ourselves on our efficient and transparent process. From assisting with property selection and due diligence to handling all legal and administrative procedures, we ensure that the application process is seamless, allowing you to obtain your Golden Visa in a timely manner.


Comprehensive Services: Our services go beyond the Golden Visa application process. We offer a range of post-visa services, including assistance with relocation, education options, property management, and ongoing support throughout your residency in Cyprus.


Seize Your Opportunity: Contact Us Today


If you are ready to embark on a journey towards European residency through the Cyprus Golden Visa program, Efstathios C. Efstathiou LLC is here to guide you every step of the way. Contact us today to learn more about the program, investment options, and how we can help you secure your future in Cyprus.

FAQs – Frequently Asked Questions

What are the new rules for golden visa in Cyprus?

The new rules for the Cyprus Golden Visa program in 2024 include the following criteria:

  • Applicants must show proof of an annual income of at least €50,000.
  • The annual income requirement increases by an additional €15,000 for a spouse and €10,000 for each eligible dependent child.

Additionally, under the updated rules, the scope of family members considered as dependents alongside the main applicants has been narrowed. Parents and parents-in-law of the primary applicant and spouse will no longer be included as dependents.

How to apply for a golden visa in Cyprus?

To apply for a golden visa in Cyprus, you need to meet certain eligibility criteria. This includes providing proof of an annual income of at least €50,000, with additional requirements for spouses and dependent children. The application process involves submitting the necessary documents and fulfilling the financial requirements. It’s also worth noting that the eligibility of certain family members as dependents has been narrowed under the updated rules.

What are the benefits of Golden Visa in Cyprus?

The Golden Visa program in Cyprus offers several benefits, including visa-free travel within the Schengen Area, the ability to live and work in Cyprus, attractive tax incentives, and the opportunity to sell investments while retaining residency status. These benefits make the program an attractive option for individuals seeking residency and investment opportunities in Europe.

What are the new residency rules in Cyprus?

Cyprus announced new residency rules in 2024, with revised criteria for granting immigration permits to third-country nationals who invest in the country. Some of the changes include an increase in required investment to €300,000, evidence of an annual income of at least €50,000 per year, and the need to hold the investment in the Republic of Cyprus. These changes make it stricter for extending permanent residency in the country.

How much do I need to invest to get a Cyprus golden visa?

To obtain a Cyprus golden visa, individuals typically need to make a minimum investment of €300,000 in real estate in Cyprus, Cypriot businesses, Government bonds, or Financial assets. This investment allows for the acquisition of a residency permit in Cyprus for the investor, their spouse, and dependent children.