Investment Opportunities in Cyprus: A Comprehensive Overview


  • Republic of Cyprus: Island country in Eurasia, eastern Mediterranean region.
  • Strategic location: South of Turkey, with borders to Lebanon, Greece, and Egypt.
  • Migration hub: Gateway between Europe, Asia, and Africa.

Why Invest in Cyprus?

  • Considered one of the best places in Europe for investment.
  • Diverse investment options and innovative ideas.
  • Crucial common factor: A suitable place to stay.

Factors Making Cyprus Attractive:

  • Diverse culture, stable environment, and Mediterranean climate.
  • Ideal for families: Low criminality, excellent education system.
  • Appeals to ambitious individuals seeking new investment opportunities.

Key Reasons to Choose Cyprus:

  • High quality of life and access to markets.
  • Attractive and transparent tax regime.
  • Low cost of doing business.
  • Excellent regulatory structure.

Growing Sectors in Cyprus:

  1. Energy Sector:
    • Rise of a fuel hub after hydrocarbon discovery in Cyprus’ EEZ.
    • Significant investments in projects like Vasilikos oil storage terminal.
  2. Investment Funds:
    • Emerging as an investment fund center in Europe.
    • Modernized banking sector attracting significant FDI.
  3. Startups and Innovation:
    • Rapidly growing startup ecosystem.
    • Encouragement from the EU and national funding.
  4. Tourism and Hospitality:
    • Resilient and strong economic sector.
    • Ongoing development and creation of new experiences.
  5. Real Estate:
    • A popular choice for second homes or business moves.
    • Rising construction sector with large-scale projects and foreign investment.
  6. Maritime Industry:
    • Successful and diversified maritime industry.
    • Strategic location, efficient tax framework, and legislative advantages.
  7. Film Production:
    • Natural film studio attracting creative individuals.
    • Incentives such as cash rebates and tax credits.
  8. Education:
    • World-class educational research center.
    • Three public and five private universities.

Permanent Residency Options in Cyprus:

  1. Fast-Track Option:
    • Acquire a new residential property worth at least €300,000.
    • Open and maintain a fixed deposit of €30,000 for three consecutive years.
    • Maintain an annual income of at least €30,000.
    • ‘Fit and Proper’ test and biometrics registration required.
  2. Normal-Track Option:
    • Rent or purchase property worth at least €300,000.
    • Secure annual income from abroad.
    • ‘Fit and Proper’ test required.
    • Permanent residency within one year.

Cyprus Permanent Residency Benefits:

  • Process completed within two months (fast-track).
  • EU residency in a safe and secure jurisdiction.
  • Cost-effective tax regime and extensive network of double tax agreements.
  • Visa-free access to Schengen countries.

Yellow Slip for EU Citizens:

  • Required for residing and working in Cyprus for more than three months.
  • Grants the right to settle and work permanently in Cyprus.
  • Eligible family members can obtain the ‘Pink Slip.’

Non-Dom Cyprus Program:

  • Ideal for European businesspersons.
  • Relocate personal residence to Cyprus, set up a business, and obtain tax residency.
  • No taxes on dividends from home and abroad after obtaining Cyprus tax residency.

Cyprus as a Global Business Center:

  • Favorable and transparent tax system.
  • Modern legal and regulatory infrastructures.
  • High quality of life and top-notch education institutions.
  • Ease of doing business and access to major European markets.
  • Growth sectors include shipping, real estate, investment, hospitality, tourism, energy, education, filming, and startups.

Immigration to Cyprus for Non-EU Citizens:

  • Short-stay visas for visits up to three months.
  • Temporary residence permits, including the ‘Pink Slip,’ for long-term stays without employment.
  • Immigration permits for employment or self-employment.
  • Permanent residence permits for family members of non-EU citizens or non-EU family members of EU citizens.

Digital Nomad Visa:

  • Allows third-party nationals to work remotely from Cyprus temporarily.
  • Intended for non-EU/EEA citizens working remotely for foreign-registered companies.

Cyprus Residency by Investment (2022):

  • Permanent residency within one year.
  • Minimum investment of €300,000 in new residential properties, real estate, share capital, or alternative investment funds.
  • Income criteria: Annual income of at least €30,000, increased for dependents.
  • Option to apply for Cypriot citizenship after five years.

Cyprus Golden Visa Program Summary:

  • Direct access to permanent residency in Cyprus.
  • Live, study, and do business in Cyprus.
  • Visa-free travel within the EU.
  • Citizenship application after five years of permanent residency.

Additional Information:

  • Application process through the Civil Registry and Migration Department.
  • Visa fee of €500.
  • The approval process usually takes 2 to 6 months.
  • Residency requirement: Visit Cyprus at least once in two years.
  • Visa validity: Issued once and does not need renewal.
  • Visa holders cannot work in Cyprus except as directors in the company they have invested in.

Required Documents for Residency by Investment:

  • Passport copies, CV, marriage and birth certificates, and criminal record certificates.
  • Proof of sufficient annual income from abroad.
  • Documents related to the chosen investment option.

Cyprus Permanent Residency:

  • Legal status allows non-EU citizens and dependents to become permanent residents.
  • No expiration, no need for renewal.
  • Qualify by meeting residency investment requirements and income criteria.


  • Cyprus continues to be an attractive destination for individuals and families.
  • Varied investment opportunities and robust residency programs.
  • An ideal balance of lifestyle, business, and economic advantages.

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