The Republic of Cyprus offers a Golden visa program that enables foreigners and citizens of non-EU countries to migrate there by making investments in real estate or stocks, either as private persons or business entities.

The investor will be able to benefit from Cyprus’ cheap cost of living, top-notch healthcare system, safe environment, and employment and educational prospects by relocating there through this immigration route.

Cyprus is physically in Western Asia and is situated in the eastern Mediterranean, yet it has strong geopolitical and cultural links to Southeastern Europe. The nation is renowned for having the lowest crime rate in all of Europe, stunning beaches, and a warm Mediterranean environment.

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How to acquire a Cyprus Golden Visa

In accordance with Regulation 6, an investment of at least EUR 300,000 is required. Applications under Category F may take up to 18 months to be completed.

In order to grant residence permits to non-European applicants who intend to invest in the republic, the Ministry of Interior has simplified Regulation 6(2) of the Aliens and Immigration Regulations. This is in keeping with the Cypriot government’s intention to increase foreign investment and support the country’s economic development.

Advantages of Cyprus Golden Visa

Some of the several advantages of this visa are highlighted below:

The application process takes two months to complete.

If all requirements are met, there is a high approval rate.

Cyprus is not needed to be a permanent residence, but a visit there once every two years is mandatory.

Dependents may enrol in prestigious private schools with English language programs.

For a Regulation 6(2) application, the main applicant’s spouse, children under 25, parents, and parents-in-law are considered to be residents; for a Category F application, the main applicant’s spouse and children under 18 are considered to be residents.

Without being physically present in the nation, the whole procedure may be organized.
But a visit is necessary for biometric collection.

What are the requirements for Cyprus Golden Visa

for the purchase of newly constructed property with a total market value of at least EUR 300,000 + VAT.
The applicant must submit the application form together with a sales contract and proof of payment of at least EUR 200,000 including VAT.

The sale contract must have been sent to the Cyprus Department of Land and Surveys.
If the property is registered in the name of the applicant or of the applicant and their spouse, a corporation may also purchase it. They must also be the sole stockholders, too.

Purchase at least two new or used non-residential properties (offices, shops, hotels, or other projects) with a total market value of at least EUR 300,000 + VAT.

a legitimate, active company physically based in Cyprus with a minimum of five workers and a share capital of EUR 300,000.

Units of EUR 300,000 in the Cyprus Investment Funds Association’s total assets (AIF, AIFLNP, RAIF)

The applicant must provide supporting evidence demonstrating that they have a guaranteed annual income from abroad of at least EUR 30,000.

This income must grow by EUR 5,000 for a spouse and each kid, and by EUR 8,000 for each parent who is dependent.

Rent payments, pension benefits, and stock dividends might all be included in the income.

Procedures and deadline

A fee of 500 Euros must be paid with the application, and a further 50 Euros are required for the collection of biometric data.

The application will then be examined by the Civil Registry and Migration Department before being sent to the permanent secretary of the Ministry of Interior, who will make a decision in two months.

The applicant and each member of their family must visit Cyprus within a year after gaining approval in order to acquire formal permission.

Once in Cyprus, a trip to the Nicosia migration office will be scheduled so that all applicants’ biometric information may be gathered there. The biometric data may be submitted independently from the application for residency or in combination with it.

Facts About Cyprus you should Know

Before relocating to Cyprus, here are some fun facts about Cyprus you should know.

Cyprus is where?

Near the coasts of Turkey, Syria, and Lebanon in the Middle East’s eastern Mediterranean Sea lies the island country of Cyprus. When Cyprus is shown in the sky, it is clear that the island is very tiny (the third-smallest in the Mediterranean Sea), arid, and has a sharp tail to the northeast.

On a political map, however, you can see that Cyprus is more complicated than it first seems.
Since the 1970s, a demilitarized 180 km line from Paralimni to Kato Pyrgos known as the “UN Buffer Zone” has divided Cyprus into the somewhat larger southern Greek Cypriot side and the northern Turkish Cypriot side, with seven checkpoints in between.
Then there are two little regions named Akrotiri and Dhekelia in the South of the nation that are run by the UK.

Today, how many districts exist in Cyprus?

Cyprus’s political geography is further complicated by the fact that it is split into six districts, two of which straddle the Buffer Zone (Kyrenia, Famagusta, Nicosia, Paphos, Limassol, and Larnaca).

How Safe is Cyprus?

Cyprus has a relatively low crime rate, making it a wonderfully safe place to visit in the warm Mediterranean.

How many people call Cyprus home?

There are somewhat more than a million people living there.

What city is Cyprus’s capital?

The capital of Cyprus for both its northern and southern halves is Nicosia.
To travel to Cyprus today, however, you may utilize Ercan Airport in Northern Cyprus or Larnaca and Paphos airports in Southern Cyprus. Nicosia’s airport was shut down and is no longer operational.

Cyprus is so diverse—why?

Cyprus, which was inhabited and influenced by the Greeks, Assyrians, Egyptians, Persians, Romans, Arabs, French, Italians, Ottomans, and British, is known as the mythical birthplace of Aphrodite, the goddess of love and beauty (which ultimately left most of Cyprus population speaking English pretty nicely on top of Greek and Turkish).

The two dominant faiths in Cyprus nowadays are Greek Orthodox in the south and Islam in the north.

How is the weather in Cyprus?

Cyprus has a warm, dry Mediterranean climate with just a little precipitation throughout the winter, which results in summer river dryness.

What are the primary geographical features of Cyprus?

There are two mountain ranges in the nation: the rough Troodos chain, which is famed for housing Mount Olympus, the highest point in the nation, and the Millomeris Waterfalls in the southwest, and the leaner Kyrenia Mountains near the north shore.
Following the breakup of Cyprus, the Greek side kept the majority of the fruit, cattle, vegetable farms, and vineyards while the Turkish side grabbed the grain, citrus, and tobacco fields.

Cyprus’s coastline is adorned with breathtaking cliffs and sandy beaches including Ayia Napa and Landa Beach.
Divers may explore shipwrecks, reefs, tunnels, and caverns in Cyprus, a fantastic location for scuba diving.