For discerning investors seeking a secure and advantageous base in the European Union, Cyprus presents a compelling opportunity. Beyond its stunning Mediterranean landscapes and rich cultural heritage, Cyprus offers a gateway to permanent residency through its established Cyprus Permanent Residence Permit (CPRP) program.
The CPRP, governed by Regulation 5 and 6(2) of the Aliens and Immigration Regulations, provides a clear pathway for individuals and families to establish permanent roots in Cyprus. It’s crucial to note that this program is distinct from the now-closed Cyprus Citizenship by Investment program and does not directly confer citizenship.
One of the significant advantages of the CPRP is its provision for multi-generational residency. Applicants can include up to three generations of their family in their application, ensuring that children, parents, and grandparents can all share in the benefits of Cypriot residency.
As a full member of the European Union since 2004 and a Eurozone member since 2008, Cyprus enjoys economic stability, a favorable tax environment, and a high quality of life.
While not part of the Schengen Area (meaning the CPRP does not automatically grant visa-free travel within those countries), its strategic location at the crossroads of Europe, Asia, and Africa makes it an attractive hub for business and investment.
CPRP holders must declare self-employment in Cyprus or demonstrate income derived from sources outside of the country. This framework caters to entrepreneurs, investors, and remote workers seeking flexibility and tax efficiency. Furthermore, the option to establish a Cyprus-based company with a competitive 12.5% corporate income tax rate adds to the appeal for business-minded individuals.
Your Path to Residency & Gateway to Cyprus
Real estate investment is a primary route to securing a CPRP. The Fast Track option, with a minimum investment of €300,000 in new residential property, expedites the application process. Cyprus boasts a diverse property market, offering everything from modern apartments to luxurious villas, allowing investors to find the perfect property to match their lifestyle and investment goals.
Understanding the intricacies of investment and residency requirements is essential. Apex Capital Partners, with our in-depth knowledge of the Cypriot market and strong relationships with leading developers, provides expert guidance and access to a curated selection of premium properties.
BENEFITS OF CYPRUS PERMANENT RESIDENCE PERMIT
Lifetime Validity: Once granted, your CPRP does not expire. Enjoy permanent residency in Cyprus without the need for renewal.
Family Inclusion: Extend the benefits of permanent residency to your spouse and financially dependent children (unmarried and under 25 years old), as well as your parents.
Fast Processing: The application process is efficient, typically taking approximately 6 months to complete.
Remote Application: You can apply for the CPRP from the comfort of your home country, eliminating the need for initial travel to Cyprus.
No Physical Presence Requirement: While you must visit Cyprus at least once every two years, there’s no minimum residency requirement to maintain your CPRP status.
EU Residency: Enjoy the benefits of living within the European Union, including access to healthcare, education, and free movement within the bloc (though visa-free travel within the Schengen Area is not automatically granted).
Tax Advantages: Possessing a CPRP does not automatically make you a tax resident of Cyprus. You can optimize your tax liabilities based on your individual circumstances and where you spend the majority of your time.
Investment Flexibility: While real estate investment is the most common route, the CPRP program offers various investment options to suit your preferences.
Path to Citizenship: After holding a CPRP and fulfilling residency requirements, you may become eligible to apply for Cypriot citizenship.
Automatic Renewal: The status is renewed automatically, providing long-term peace of mind and security for you and your family.
REQUIREMENTS FOR CYPRUS PERMANENT RESIDENCE PERMIT. FAST TRACK
- Investment: Invest a minimum of €300,000 in new residential property.
- Income: Demonstrate a secure annual income from sources outside Cyprus of at least €50,000 for the main applicant, plus €15,000 for a spouse and €10,000 for each dependent child.
- Clean Criminal Record: Provide certificates of no criminal record from your country of origin and any other country you have resided in.
- Funds Origin: Prove that the investment funds were transferred to Cyprus from a legitimate source abroad.
- Property Ownership: Maintain ownership of the real estate for the duration of your residency permit.
- Visit Cyprus: Visit Cyprus at least once every two years to maintain your CPRP status.
- Important Notes:
The requirement to make a deposit in a Cypriot bank is temporarily waived until March 21, 2024.
These requirements are current as of October 2023 and are subject to change. It’s always advisable to consult with an immigration specialist or legal professional for the latest information.
INVESTMENT OPTION
Real estate investment residential or commercial:
€300,000 + VAT
The rate of VAT may differ from one location to another. But usually, it is 19% if investor plans to have an income from rent and 5% if property is for personal use only.
Please note that mandatory government fees will be added to the declared investment amounts. As well as legal support services. APEX will provide a full cost calculation.
Your Step-by-Step Guide to Cyprus Residency By Investment
STEP 1. Free Consultation
Connect with our expert team for a complimentary consultation, tailored to your unique needs and aspirations. Receive a comprehensive cost analysis, outlining all expenses associated with securing your Cyprus Permanent Residence Permit. Contact us at info@apexcap.org to schedule your consultation today.
STEP 2. Pre-Check Procedure
Gain valuable insights into your eligibility for the Cyprus Permanent Residence Permit through our exclusive pre-check procedure. This preliminary assessment allows us to identify any potential challenges and maximize your chances of a successful application.
STEP 3. Partnership with APEX
Formalize your journey to Cyprus residency by signing an agreement with APEX Capital Partners. Benefit from our extensive experience and personalized support throughout the entire process.
STEP 4. Real Estate Selection
Explore a diverse portfolio of Cyprus properties, handpicked to meet your investment criteria and lifestyle preferences. Choose to visit Cyprus in person or browse properties remotely with our expert assistance. A tourist visa is all you need to secure your dream property in Cyprus.
STEP 5. Securing Your Investment
Finalize your property purchase by signing a legally binding agreement with the developer. Our team will guide you through the contractual details, ensuring a smooth and transparent transaction.
STEP 6. Bank Compliance Check
Successfully navigate the bank compliance check, a crucial step in demonstrating the legitimacy of your investment funds. APEX will provide expert guidance and support throughout this process, ensuring a seamless experience.
STEP 7. Document Preparation and Submission
Rely on APEX to meticulously prepare and submit your application to the Civil Registry and Migration Department in Cyprus. We provide comprehensive support, ensuring all necessary documents are in order and filed correctly.
STEP 8. Biometric Data Capture
Visit the migration office in Cyprus with your dependents to capture biometric data. This final step marks the completion of your residency application process.
STEP 9. Cyprus Permanent Residence Permit
Receive your Cyprus Permanent Residence Permit, granting you and your family the right to live, work, and study in Cyprus indefinitely. Enjoy the benefits of European residency, including visa-free travel within the Schengen Area.
CARIBBEAN CITIZENSHIP BY INVESTMENT
Caribbean citizenship by investment is allowed in Antigua & Barbuda, Anguilla, Dominica, Grenada, Saint Lucia, and St. Kitts & Nevis. Acquiring a second passport in Caribbean countries has many benefits.
CITIZENSHIP BY INVESTMENT IN REAL ESTATE PROJECTS
Apex Capital Partners has experience in the real estate market. This allows you to find reliable developers around the world whose projects allow you to obtain citizenship for real estate.
ABOUT APEX CAPITAL PARTNERS
Apex Capital Partners Corp. is a full-service government mandated advisory firm specializing in second citizenship and investor immigration programs for a multinational clientele.
APEX provides services with end-to-end execution for many HNWI, representing them to Citizenship by investment programs in countries around the world.
- More than 30 YEARS of investment consulting
- More than 3 BILLION USD in investments
- More than 3000 CLIENTS served internationally
NEWS
Hungary Abolishes Real Estate Option in Golden Visa Program
Hungary’s recent decision to terminate the real estate investment option from its Guest Investor Program (GIP), often referred to as the Golden Visa Program, marks another significant shift in Europe’s approach to investment migration. Effective before January 1, 2025, this move highlights ongoing concerns surrounding housing market pressures and the socioeconomic impact of investment-driven real estate acquisitions. As Hungary joins countries like Portugal in curbing property purchases as a pathway to residency, this development underscores a broader European trend toward reforming Citizenship by Investment (CBI) and Residency by Investment (RBI) programs to ensure sustainability and equity.
Predictions for Portugal’s Golden Visa Program in 2025
Portugal’s Golden Visa Program has long been a gateway for global investors seeking a residency option in the European Union. In 2025, this program is poised for significant changes driven by evolving market dynamics, regulatory adjustments, and heightened demand from key regions. Below, we explore predictions and key developments shaping the future of Portugal’s Golden Visa Program.
Lubov Ivanova,
Business development director, CIS
«APEX has been present in Cyprus since 2008. We are constantly working with real estate transactions. We know the market, developers and current offers well. APEX helps clients to quickly weigh the pros and cons when deciding whether to participate in a particular project. The investor will receive a wide range of properties throughout Cyprus. And also a guarantee of the quality of the purchased property»..
