Factsheet on Cyprus Residency by Investment

General overview

Keeping up with the global development trend, the Cypriot government intends to increase foreign investment to aid its economic development.

Under such intent, the government has introduced the Cyprus Residency Program which grants residence permit to the applicant and his family, from non-European countries willing to invest in Cyprus.

It helps the applicant and his family to stay in Cyprus.

Investment option: To invest in Cyprus real-estate, worth EUR 300,000 plus VAT.

The application is swiftly processed and usually takes around 2-3 months for getting approved.

Requirements to qualify

• The applicant must maintain a fixed deposit of amount EUR 30,000 with a Cypriot bank, where the amount must be sourced from outside. This fixed deposit has to be maintained for a period of 3 years. After the expiration of the requisite term, the amount is returned to the applicant.

• The applicant has to deliver additional document showing a secured annual income of at least EUR 30,000 which is generated outside Cyprus. However, this income increases with additional dependents.

• The applicant has to visit Cyprus every two years to maintain his permanent residency status.

Family coverage

The dependents of the applicant including spouse, children up to the age of 25, and parents are also eligible to obtain the Cyprus Permanent Resident status.

Benefits of the Cyprus Residency by Investment• Looking at the current developments, Cyprus offers a promising economic future. The low cost of doing business

and wider access to markets can enable the investor to start a business plan of his own in Cyprus.

• The investor is granted the Permanent Resident status for life.

• It is not necessary for the investor to reside in Cyprus. The investor would just have to visit Cyprus once in every 2 years, along with his family.

• Children of the investor can be enrolled in remarkable educational institutions and can avail world class European schooling or can even go for higher studies.

Our Global footprint

Caribbean Citizenship

• The Federation of St. Kitts and Nevis Citizenship by Investment Programme.

• The Commonwealth of Dominica Citizenship by Investment Programme• Grenada Citizenship by Investment Programme• St Lucia Citizenship by Investment Programme• Antigua and Barbuda Citizenship by Investment Programme

European & UK Programs

• The Republic of Cyprus Residence Scheme• The Republic of Malta Residence Programme• The United Kingdom of Great Britain Tier 1

Investor Visa• The United Kingdom of Great Britain Tier 1 Entrepreneur Visa• Greece Golden Visa Program• Portugal Golden Visa Program• Italian Golden Visa program

About us

Arcum Global is a Legal Management Consultancy Firm specialized in residency planning and global business setups.

Book an appointment or schedule a call

P:+91-11-41416908E: liza@arcumglobal.com

This document shall not be construed as a legal advise.

USA Green Card

• US EB-5 Program• US E-2 Program• US L1 & EB-1C• US O1A & EB-1A• US O1B & EB-1B