Work and Residence Permits in Cyprus for Non-European Union Investors

Cyprus, an enchanting Mediterranean island, offers a favorable environment for non-European Union (EU) investors seeking work and residence permits. With a range of benefits, clear requirements, and a well-defined procedure, Cyprus provides an attractive pathway for investors to establish a business presence, work, and reside in this thriving European country.

Benefits

  1. Business Opportunities: Cyprus presents a vibrant and investor-friendly business environment, with access to the EU market and a strategic location at the crossroads of Europe, Asia, and Africa. Non-EU investors can tap into diverse sectors and benefit from the numerous business opportunities Cyprus offers.

  2. Residence Permit: Successful non-EU investors receive a residence permit, allowing them to reside in Cyprus legally. This permit enables investors to enjoy the benefits of living and working in Cyprus, including access to healthcare, education, and a high quality of life.

  3. Employment Flexibility: With a work permit, non-EU investors have the opportunity to establish and manage their own businesses in Cyprus. They can also seek employment in existing companies or ventures, contributing to the local economy and expanding their professional horizons.

  4. Travel within the EU: Residence permit holders in Cyprus can enjoy the freedom to travel within the Schengen Area, comprising 26 European countries, without the need for additional visas. This facilitates business expansion, networking, and exploration of new markets.

  5. Family Reunification: Non-EU investors who obtain a residence permit can also bring their family members, including spouses and dependent children, to Cyprus. This enables families to enjoy the benefits of living together in a safe and welcoming environment.

Eligibility Criteria

  1. Investment Criteria: Non-EU investors must make a qualifying investment in Cyprus. The investment options include:

  • Purchase of real estate with a minimum value of €300,000 (excluding VAT)

  • Investment in Cypriot businesses or companies

  • Investment in government bonds or securities

  • Combination of the above investment options

    2. Financial Stability: Non-EU investors must demonstrate sufficient financial means to support themselves and their dependents during their stay in Cyprus without relying on social assistance programs. Proof of stable and legitimate sources of income is required.

    3. Clean Criminal Record: Applicants must provide a clean criminal record certificate from their country of origin or residence, ensuring they meet the integrity requirements.

How to apply?

  1. Application Submission: Non-EU investors submit their application for a work and residence permit to the relevant authorities, such as the Cyprus Ministry of Interior or the Civil Registry and Migration Department.

  2. Documentation: Along with the application form, applicants must provide supporting documents, including proof of investment, financial documentation, a clean criminal record certificate, valid passports, and health insurance coverage.

  3. Due Diligence Process: The authorities conduct a thorough due diligence process to verify the authenticity of the applicant's documents, assess their background, and ensure compliance with the investment and financial requirements.

  4. Approval and Permit Issuance: Upon successful completion of the due diligence process, the authorities grant approval and issue the work and residence permits to non-EU investors. These permits allow them to establish their business, work, and reside legally in Cyprus.

  5. Ongoing Compliance: Non-EU investors must adhere to the requirements of their work and residence permits, including compliance with tax obligations, maintenance of financial stability, and adherence to any applicable regulations.

Our Guidance & Assistance

Through our dedicated experience in the field and building our dependable network over the years, we are confident in our abilities to successfully guide and support you through Citizenship and Residence programs.

Citizen Lane respects every client’s unique situation and will be able to discuss details in confidence. We will provide you with comprehensive advice and find the appropriate solution for you and/or your family. Visit us at our offices located in Malta, Austria, Germany, and Switzerland, or contact us by phone/email/contact form. Our team is ready to arrange a WhatsApp, Skype, or Zoom call with you.

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