Velment

“The true value of a sound investment is immeasurable.”

– Velment Team

Program Overview: Cyprus Permanent Residency Category C

Cyprus is a member of both the European Union and the Eurozone. Holding a Cypriot Permanent Residence Permit is a significant advantage when applying for a visa in the Schengen Zone.

Available for company owners who invest at least €260,000 in a Cyprus-registered company.

The Permanent Residency Permit remains valid as long as the individual continues to own or work for the registered company.

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Invest

To be eligible for Permanent Residency under Category C in Cyprus, an investment of €260,000 in a company registered in Cyprus is required.

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Ease of Travel

Individuals with Permanent Residency status in Cyprus have a great advantage when applying for a Schengen Zone visa.

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Processing Time

Successful applicants have their applications processed within a few months.

Key Benefits: Cyprus Permanent Residency Category C

  • Spouses and children under 18 are eligible for permanent residency under the same terms as the main applicant, with children’s permits valid until they turn 18.
  • Unrestricted entry and stay in Cyprus, allowing residents to live freely without time restrictions.
  • One application covers the investor, their spouse, and their children under 18.
  • Access to Cyprus’ general healthcare system, providing essential health services for the entire family.

Cyprus Permanent Residency Category C Criteria

  • A minimum investment of €260,000 in a company registered in Cyprus.
  • The capital of €260,000 must be transferred from overseas.

Other Conditions

  • The permit remains valid as long as the individual continues to be the owner or employee of the registered company in Cyprus.

Step-by-Step Application Procedure

Qualifying Investment

A minimum investment of €260,000 in a Cyprus-registered company qualifies for Category C Permanent Residency.

Apply for Permanent Residence in Cyprus

Applications must be submitted to the Civil Registry and Migration Department. Letters of approval are typically received within a few months.

Visit Cyprus

All applicants must visit Cyprus to have their biometrics recorded.

About Cyprus

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Geography

The Republic of Cyprus is an island nation located at the crossroads of 3 continents: Europe, Asia and Africa. Its territory comprises the entirety of the Mediterranean’s third-largest island and some smaller islets, with a total area of 9,251 km².

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Population and Language

Cyprus has a population of 875,889. Although English is widely spoken by 90% of the population, the official languages are Greek and Turkish.

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Tourism

Cyprus is a very popular tourist destination with around 4 million tourists visiting annually – over 4 times its resident population.

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Education

Primary and secondary education is compulsory for Cypriot pupils until they reach the age of 15. However, almost all Cypriots proceed with higher education either in one of numerous university campuses on the island, or the United Kingdom, with a sizeable university student diaspora who return to the island after their studies.

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Health Care

The island has recently launched its own General Health System, a full-coverage, universal healthcare insurance programme that strives to provide all residents with affordable medical care.

Cyprus Factsheet

  • Continent: Europe
  • Population: 875,899
  • Government: Unitary presidential constitutional republic
  • Capital: Nicosia
  • Languages: Greek, Turkish
  • Currency: Euro (€)
  • Total area: 9,251 km²
  • Time zone: Eastern European (UTC+02:00)

Eligible Properties in Cyprus

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Napa Gem A 201 in Ayia Napa

Famagusta, Cyprus
€1050000
Property Type Bedroom Area m2 Price
Apartment 3 159.30 €1050000
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City Napa Residences Villa 1 in Ayia Napa

Famagusta, Cyprus
€1250000
Property Type Bedroom Area m2 Price
Villa 4 205 €1250000 + VAT
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FAQ

Can you obtain Cypriot citizenship through the Cyprus Residency Programme?

Yes, if an applicant successfully receives Permanent Residency status through the Cyprus Residency Programme, they can also become eligible for Cypriot citizenship following 7 years of continued permanent residency on the island.

How quickly can I obtain Cypriot Residency?

The application processing period for Cypriot Permanent Residency status takes between 1-2 months.

How safe is living in Cyprus?

Cyprus is one of the safest countries to live in the world, boasting the lowest crime rate in the European Union. Violent crimes are extremely rare, and locals would often leave their front doors unlocked if leaving their homes for a short while up until very recently.