Golden visa in Cyprus: conditions for obtaining in 2024
The Cyprus Golden Visa is a popular immigration option for those who want to invest their funds while securing a future for their family. It is available to citizens from non-EU countries, including Russians. Investors in the Cypriot economy receive a permanent residence permit through an accelerated procedure.
What the Golden Visa offers
- the ability to enjoy almost the same benefits and rights as the country's citizens;
- invest in a promising economy and receive a stable income under low tax rates;
- become a tax resident;
- have access to healthcare and education systems that meet EU standards;
- acquire Cypriot citizenship within a few years.
Conditions for obtaining a Cyprus Golden Visa for Russians in 2024
- Investment of €300,000 by purchasing residential or commercial real estate; investing in the share capital of a Cypriot company; purchasing shares of Cypriot investment funds (such as AIF, AIFLNP, RAIF);
- an income of at least €50,000 per year for an unmarried investor, with the sources of income confirmed by a tax return;
- for a family, the income amount increases by €15,000 for a spouse and by €10,000 for each child under 18;
- for each adult child included in the application, the applicant must make an additional €300,000 investment (exception - dependent children up to 25 years old, unmarried, students of higher educational institutions abroad).
What documents are needed to apply for a Golden Visa
The list may vary depending on the case. The main package of documents for a Cyprus golden visa for Russians will require:
- completed application;
- certificate of no criminal record for the applicant and spouse if applying as a family;
- medical insurance (separate for each person in the application);
- confirmation of legal residence by a document of ownership of an apartment or a rental agreement (except for a golden visa for real estate investments);
- confirmation of payment of the state fee of €500, as well as a fee of €70 for each person included in the application for the issuance of an alien registration form (if such a form has not been issued earlier).
The processing time for an application at the Department of Population Registration and Immigration Policy of Cyprus is about 2 months.
How to quickly obtain a Cyprus Golden Visa
Contact IT-OFFSHORE and specialists will select a suitable program and help with the necessary documents.