Foreigners looking to quickly achieve a second residency should strongly consider the Cyprus Golden Visa—one of the fastest Residency by Investment (RBI) programs on the market. By purchasing real estate in Cyprus, successful participants in the Cyprus Golden Visa Program can achieve lifetime residency on the island. Foreigners fortunate enough to become residents of Cyprus will experience the many financial, travel, and lifestyle advantages accessible through this Cyprus Permanent Residency Programme.
Foreigners who seek to become residents of Cyprus can do so through the country’s Golden Visa program.
Also known as the Cyprus Investor Visa, this Golden Visa Program offers economic residency (Residency by Investment—RBI) to those who invest in approved real estate on the island.
Foreigners who meet the financial and other Cyprus Golden Visa requirements and are empowered to purchase property on Cyprus via its Golden Visa Program will receive a Permanent Residency Permit (PRP). This will allow allow them to live and work on the island (should they choose to do so—there are no residency requirements to maintaining Cypriot residency) as well as take advantage of the visa-free access their Cypriot residency provides.
With its Mediterranean climate, sunny beaches, and interesting Greco/Turkish culture, the isle Cyprus is a safe and pleasant country, which draws millions of tourists annually to Nicosia, its capital, and surrounding destinations. Located in the far eastern part of the Mediterranean, to the south of Turkey, Cyprus is one of the sea’s major islands (one of its largest and the most populated) with over 1.2 million people and a territory comprising 3,572 square mi. Cyprus residents have access to several international airports. A direct flight to Athens is less than two hours away. A member of the European Union, Cyprus takes the Euro. The country’s official languages are Greek and Turkish, although almost 80% of the population speaks English.
Why the Cyprus Residence Program? Explore some major benefits below:
Cyprus’ high passport ranking (it is 16th in the world) reflects the 176 countries its holders can access without a visa.
In addition to the United Kingdom and the 26 other European Schengen states (France, Germany, Italy) a passport from Cyprus grants holders entry to the UAE, Brazil, Hong Kong, and Kenya—as well as scores of other popular destinations across the Middle East, South America, Asia, and Africa.
To qualify for the Cyprus Golden Visa in 2022, the below Cyprus Golden Visa requirements must be met by the applicant:
5% (for first purchased property used for personal use) or 19% (for property not purchased for personal use)
€30,000 (plus €5,000 per dependent)
For a personalized approach on “How to Apply for the Cyprus Golden Visa in Europe” please, contact Second Passport directly. For a general overview, follow these general steps: