Cyprus Golden Visa Advantages in 2025
Published at: 22/04/2025 09:20 am
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The Cypriot residency scheme has been little talked about lately, but it works very well, and the island nation offers unparalleled advantages for smaller investors in 2025.
Cyprus will soon join the US Visa Waiver Program. They have finished the preparations and are waiting for visa-free access. It means that Cypriot citizens can stay up to 90 days in the United States of America without a visa.
How can you become a resident of Cyprus through investment?
Discus Holdings Ltd's experts have been working in Cyprus with wealth management and company registration even before the tiny Mediterranean island nation launched its residence and later the citizenship by investment programme and even before they joined the European Union. Do you want to become a resident or later citizen of Cyprus? Read here the detailed information!
The programs changed, and there is no longer a citizenship scheme. However, the residency by investment program increasingly attracts investors to settle in EU Member States.
What is the cost of the Cyprus residency by investment programme?
The base of the Cypriot Residency by investment program is a real estate purchase for at least 300,000 euros. You must also prove an annual income of at least 50,000 euros* sourced outside the island nation. And you also must deposit 30,000 euros in a local bank for three years. (*The annual income requirement increases by 15,000 euros if you include the spouse in the application and 10,000 euros more for all underage children.)
What are the advantages of being a resident of Cyprus?
- First, you become a permanent resident.
- There is no global income tax for non-domiciled residents.
- The quality of life is high, healthcare, education, and security are excellent, and don't forget the more than 300 days per year of sunshine.
- Residents must visit Cyprus once every two years.
- You can apply for citizenship after spending eight years as a resident.
Another good news is that Cyprus aims to join the Schengen zone in 2025, according to the president.