Cyprus permanent residence by investment

The Cyprus Permanent Residence Program is an excellent choice for those seeking international real estate investments and a prime residence location.

Overview

Cyprus, with its warm and stable climate and convenient geographical position, is considered an attractive place for both business and residence. The investment landscape in Cyprus is beneficial due to the island’s well-qualified labor force and a reliable transport and telecommunications system.

Cyprus has a modern, free-market, service-based economy, where in conjunction with its effective and transparent regulatory and legal framework, it offers international investors and businesses the confidence to invest, grow, and prosper. Cyprus was ranked number 54 out of 190 countries on the World Bank's Ease of Doing Business Index 2020. A number of new measures have been put into place to reboot the economy in the wake of the massive and difficult restructuring of the country’s banking sector. These measures are aimed, among other things, at helping to stimulate economic growth.

10 benefits of Cyprus permanent residency

  1. Cyprus grants permanent residency indefinitely. Investors do not need to reapply or go through the acquisition process again. The only requirement is to renew the residence card, which is a simple procedure completed in just a couple of weeks.
  2. Obtaining Cyprus permanent residency by investment takes around 9 months, with most of the time spent on Due Diligence by the country’s authorities. There’s no need for investors to seek employment, enrol in studies, or justify their stay through other means. Engaging an immigration agent simplifies the procedure significantly, as lawyers handle most of the paperwork and communication with government bodies.
  3. Permanent residents of Cyprus enjoy faster processing when applying for Schengen or US visas through the Cypriot authorities. Moreover, Cyprus plans to join the Schengen Area by the end of 2025. Once this happens, Cypriot permanent residents will gain visa-free access to Schengen countries.
  4. Non-resident investors do not pay taxes on their global income in Cyprus. Income earned within the country is taxed at 0% to 30%, while the corporate tax rate is only 12.5%, one of the lowest in the EU.
  5. Cyprus has a well-developed healthcare system. Every major city has public hospitals, and private clinics are widely available, offering high-quality medical services to residents.
  6. Children of permanent residents have the same rights to education as Cypriot citizens. The country hosts international schools and universities, some of which are branches of globally recognised institutions.
  7. Real estate purchased under the Cyprus Golden Visa program can be rented out. The average monthly rent is €750—930 for a one-bedroom apartment and €1,400—1,750 for a three-bedroom apartment. Annual rental yields typically range between 5.5% and 7.5%, depending on the location.
  8. If the investor obtains Cyprus citizenship, they can sell assets purchased for residency. Property prices grow steadily year-on-year, with some types of property in certain areas seeing a 12% increase.
  9. Alongside investors, their family members can also obtain permanent residence. This status allows the entire family to move to Cyprus and enjoy all the benefits the country offers at any time.
  10. The investor can apply for citizenship after eight years of living in the country as a permanent resident. Cyprus is an EU member state.

Investment options and conditions for obtaining Cyprus permanent residence

Secure your family’s future in the heart of the Mediterranean through our curated investment solutions.

To qualify for the Cyprus Permanent Residence (PR) program, applicants must make a minimum investment of €300,000 (plus VAT where applicable). At Steinar Holdings, we offer four strategic categories tailored to your financial goals:

Requirements for investors and their family members

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Investor

Must be at least 18 years old with a clean criminal record. Requires a minimum investment of €300,000 in qualifying assets. The applicant must demonstrate a secure annual income of at least €50,000 originating from sources outside of Cyprus.

Spouse

The legal spouse is fully eligible to be included in the primary application. Requires a clean criminal record and a valid marriage certificate. This inclusion adds a fixed requirement of €15,000 to the main applicant’s total annual secure income.

Children under 18

All unmarried minor children are fully covered under the residency permit. Requires valid birth certificates to establish legal dependency. Each minor child adds a requirement of €10,000 to the main applicant’s total annual secure income from overseas.

Children aged 18 to 25

Eligible if they are unmarried university students and remain financially dependent on the investor. Requires proof of enrollment in an institution of higher education. €10,000 to the main applicant’s total annual secure income requirement.

Ready to Secure
Your Family’s Future?

Contact our expert team today for a confidential consultation. At Steinar Holdings, we turn your European aspirations into a legal reality with precision and care.

Expert Advisory (Skilled Staffs)

Our multilingual team of legal and financial experts ensures your application is handled with the highest level of professionalism and transaction security.

Strategic Presence (Global Locations)

With our main operation in the heart of Limassol, Cyprus, we provide direct access to the best real estate opportunities and government authorities.