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Cyprus Real Estate Immigration

The Cyprus Permanent Residency Program (Golden Visa) offers a fast-track pathway to permanent residency in an EU country with a low investment threshold. With a straightforward application process and no strict residency requirements, this program is ideal for individuals seeking a “Plan B” lifestyle, high-quality British-style education and healthcare for their families, Euro-denominated asset allocation, and a favorable tax environment.
Cyprus is a safe and livable country with strong economic growth potential and a high level of English proficiency. It offers attractive opportunities for investors and their families. The country's advantages in education and healthcare, along with an active real estate market and future potential as an energy hub, further enhance its investment appeal.

Application Process

1
Initial Consultation & Planning

Develop a personalized investment plan and property selection strategy based on the applicant's needs.

2
On-site Visit / Remote Property Selection

Applicants can either visit Cyprus in person or select a property remotely through virtual channels.

3
Document Preparation

Including property purchase agreement, proof of funds, police clearance, marriage and birth certificates, health insurance, etc.

4
Submission of Application

Submit application materials to the Cyprus Civil Registry and Migration Department and pay the relevant fees.

5
Review & Supplementation

The immigration authority reviews the documents and may request additional materials or an interview.

6
Approval & Landing

Upon receiving the principle approval, applicants must land in Cyprus within one year to provide biometric data and collect the residency card.

Application Requirements & FAQs

At Immigway our culture comes to life through three core values:

  • Investment Requirements:

    1. The applicant must purchase a residential property with a net value of no less than €300,000. The property must be freehold.            2. The purchased property can be either a new or resale home and must be registered with the Cyprus Land Registry.

  • Main Applicant Eligibility

    1. The main applicant must be at least 18 years old and provide proof of an annual income of no less than €50,000 (source of income is not restricted).            2. If a spouse applies, the annual income requirement increases by €15,000; for each additional child, the annual income requirement increases by €10,000.            3. The main applicant must provide a clean criminal record certificate and hold health insurance that covers Cyprus.            4. A declaration must be signed stating that the applicant will not be employed in Cyprus (being a company shareholder is permitted).

  • Scope of Dependent Applicants

    1. Dependents include the main applicant's legal spouse.            2. Children under 18 years old are covered, as well as unmarried, full-time student children between 18 and 25 years old who are financially dependent on the main applicant.

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Q1. What are the characteristics and advantages of education in Cyprus?
Cyprus places great emphasis on education, adopting a pure British education system, with education expenditure ranking third among EU countries as a percentage of the government budget. Public schools offer 12 years of free compulsory education. Private schools have low tuition fees and are highly cost-effective. They also partner with schools in the UK and Europe, offering GCSE and A-Level courses, with academic results generally higher than the average in the UK. Many private schools focus on students' holistic development, offering a rich variety of extracurricular activities and clubs. A high percentage of graduates go on to attend top universities worldwide. For families who want their children to receive a British education at a lower cost, Cyprus is an attractive option.
Q2. What is the healthcare system like in Cyprus? What medical benefits can permanent residents enjoy?
Cyprus has a high standard of healthcare and a high life expectancy. Many doctors are educated and trained in the UK, the U.S., and other countries, and can communicate in English. The healthcare system in Cyprus is divided into public and private sectors. Permanent residents and their family members can join the comprehensive National Health System (GESY/GHS). GHS covers a wide range of medical services, including private/specialist doctors, medicines, laboratory tests, hospital care, emergency services, nurses, psychologists, and dental care. Beneficiaries must pay a small co-payment for some services, but the annual co-payment has a maximum cap (€150 for the general population), and any costs beyond that are free. Permanent residents can register and use the GHS healthcare system with their ARC number on their permanent residency card.
Q3. What is the overall cost of living and price level in Cyprus?
Overall, the cost of living in Cyprus is relatively low, making it one of the most affordable countries in the world for retirement. For a family of three, the average monthly cost of living (excluding housing) is around €1,800, which covers food, transportation, clothing, communication, entertainment, and utilities such as water, electricity, gas, and garbage disposal. Compared to some major European countries, the cost of living in Cyprus is advantageous.
Q4. What are the main cities in Cyprus, and what are their characteristics?
Cyprus has four main cities:

  • Nicosia: The capital and largest city, an inland city with a rich historical and cultural atmosphere. It is the political, cultural, and educational center, with a concentration of higher education institutions.

  • Limassol: The commercial center and second-largest city. It is the largest port city, with a developed industry, a large wealthy population, and a casino. It is a hub for business and shipping and the future base for oil and gas resource development.

  • Larnaca: The commercial center and third-largest city, with an international airport and the second-largest port. It is a coastal city with a pleasant climate and a high demand for property rentals due to government investment and development.

  • Paphos: The birthplace of Aphrodite, the goddess of love, with many tourist attractions. The entire city is a UNESCO World Heritage Site. It is a famous seaside resort and tourist destination, known for its tranquility and relaxation, and is popular with British people.

Program Advantages

1
Friendly Tax System

Cyprus has one of the lowest tax systems in the EU, with no inheritance or gift tax. The corporate income tax rate is 12.5% (the lowest in the EU), and there is no tax on dividends, gifts, foreign exchange income, or income from a permanent establishment abroad. This makes it a destination with a good business environment and potential for asset planning.

2
Efficient Application Process

The application process is simple and efficient, with an average approval time of only 8-10 months for the permanent residency card. After submitting biometric information, approval is usually granted within 2-3 months. All steps except for the biometric data collection can be completed remotely, which greatly enhances convenience.

3
Lenient Residency Requirements

After obtaining permanent residency in Cyprus, the conditions for maintaining the status are very lenient, only requiring a visit to the country once every two years. There are no strict "immigration prison" restrictions. This gives investors a high degree of freedom and flexibility, allowing them to easily maintain their permanent residency status without long-term residence.

4
Application Covers Two Generations

The Cyprus permanent residency program allows the main applicant to include their spouse and children under 18 years old in the application. Unmarried, full-time students between the ages of 18 and 25 who are financially dependent on the main applicant can also be included as dependents to obtain permanent residency.

5
High-Quality British Education Advantage

Cyprus follows the British education system, with a curriculum that is in sync with the UK. English is the main language of instruction, and the qualifications are highly recognized internationally. Small class sizes focus on personalized development, and the path to higher education leads to top universities in the UK and the U.S., making it an ideal choice for a quality education with an international perspective.

6
Comprehensive EU Benefits & Superior Living Environment

As a member of the EU, permanent residents of Cyprus can enjoy comprehensive healthcare (such as the National Health System) and European security guarantees. The climate is pleasant, the cost of living is reasonable, and it has a friendly tax system (no inheritance tax, low corporate income tax).

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