Cyprus

At Leana Nel Prestige, we offer you a unique gateway to Europe through Cyprus’ Permanent Residence Program. In line with the Cypriot government’s goal to boost foreign investment and support economic growth, Regulation 6(2) of the Aliens and Immigration Regulations permits the Ministry of Interior to grant residence permits to non-European investors.

Benefits of the Cypriot Golden Visa
Efficient Application Process: High approval rates if all criteria are met.
Flexible Residency Requirements: No need to reside in Cyprus; a visit once every two years suffices.
Family Inclusion: Dependents can attend top-tier private schools with English language instruction. Residency extends to the main applicant’s spouse and children under 25.
Convenient Process: The entire application can be managed remotely, except for biometric data collection.
Path to Citizenship: Eligible to apply for Cypriot citizenship after five years of residence.
Cyprus Golden Visa Requirements
To qualify for residency, applicants must meet the following criteria:

Investment Options:
Real Estate: Purchase up to two new residential properties with a total market value of at least €300,000 plus VAT, potentially from different developers.
Non-Residential Properties: Purchase up to two new or used non-residential properties (offices, shops, hotels, etc.) with a total market value of at least €300,000 plus VAT.
Business Investment: Invest €300,000 in the share capital of a Cypriot company that employs at least five people.
Investment Funds: Invest €300,000 in units of the Cyprus Investment Funds Association’s collective investments (AIF, AIFLNP, RAIF).
Additional Requirements:
Income Proof: Provide evidence of a secured annual income of at least €50,000 from abroad, with an additional €15,000 for each dependent spouse and €10,000 for each minor child.
Criminal Record: Submit clear criminal record certificates from the country of origin and residence every three years (for all adult dependents).
Non-Employment Statement: Provide an official statement confirming non-employment (not applicable to directors of invested companies).
Procedures and Time Frame
Applications must include completed forms, fees, and supporting documents. Successful applicants must annually prove they maintain their investment and have health insurance if not covered by the General Healthcare System. Income from abroad can include salaries, rent, pensions, interest on deposits, and dividends from shares.

Processing Time: Approximately two months.

Take advantage of this opportunity to make Cyprus your new home and gateway to Europe with Leana Nel Prestige!