Cyprus Golden Visa Program

Fast Track Cyprus Permanent Residence Permit was launched in 2013 to attract foreign direct investment by issuing investors with Cyprus Golden Visas. By investing in property on the island, foreign nationals can obtain Permanent Residence Permits (PRPs) without the lengthy process required for general immigration. By creating the fastest and easiest investor program in Europe, permits can be obtained in just two months. Applicants must purchase a new building property for a minimum value of build EUR 300,000 VAT included, which can be rented to provide income. Investors are also required to deposit at least EUR 30,000 in Cyprus Bank, which will be held in the form of bonds for three years. An additional EUR 5,000 per deposit is required. Investors do not have to stay in the country permanently for Cyprus, and the permit can be maintained by visiting at least once every two years. However, applicants wishing to apply for citizenship must reside in Cyprus for at least seven years and spend a full 365 days in the country before applying.