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.