From Dreams to Destinations
From Dreams to Destinations
Cyprus grants non-EU nationals and their families the right to live in Cyprus permanently by investing at least €300,000 in real estate, company shares, or approved investment funds and proving a stable foreign income.
to Start *
Visa Free Access *
Processing Period *
The authorities process your application in about 3 months, and the whole procedure, including paperwork and approvals, takes around 9 months, giving you quick access to residency.
You can buy residential or commercial properties worth a minimum of €300,000 plus VAT. This includes: Purchasing one or two new residential properties with a total value of €300,000 or more. The standard VAT rate is 19%, but if the property is your only residence and you don't rent it out, the VAT drops to 5%. You cannot buy resale residential properties using this option. Buying one or two commercial properties, such as offices, shops, or hotels. These can be new or resale properties. If you choose commercial property, you must also purchase or rent a residential property on the island. There are no minimum size or cost requirements for this housing.
You can also invest €300,000 in business or financial assets by: Buying shares in a Cypriot company that actively operates and employs at least five people. Investing in units of Cyprus-based investment funds such as AIF, AIFLNP, or RAIF. In addition, you must prove that you earn a secure annual income of at least €50,000 from abroad, plus additional amounts for dependents.
Establish Your Global Presence
Getting Cyprus permanent residency involves a comprehensive step-by-step process. Here's how it works:
Due Diligence is an essential part of any investor residency program. It determines whether the investor qualifies for permanent residence. To increase the chances of approval, WeRWealthy conducts a preliminary Due Diligence. This check is confidential, completed within one business day, and reduces the rejection risk to 1%.
WeRWealthy lawyers help prepare all the needed documents and fill out the government forms. You'll need: A completed MIP1 application form, Originals and copies of valid passports for everyone applying, The principal applicant's biography, A declaration showing at least €50,000 annual income, A confirmation of investment, Proof of a permanent address in Cyprus, A statement saying there's no employment in Cyprus, A no-criminal-record certificate for the principal applicant and spouse, Marriage certificate, Birth certificate, Medical insurance for the whole family.
If you're buying property, we will submit the necessary documents to the Department of Lands and Surveys of Cyprus, including a request to reduce VAT to 5%. The investor pays €300,000 + VAT to the developer. The first payment uses the usual 19% VAT. Once we get the VAT reduction certificate, the extra 14% is taken off future payments. We also offer a property database with many options, including those under construction. We help choose the investment or property, prepare the contract of sale, and complete the deal.
After everything is ready, the WeRWealthy representative in Cyprus submits your application and documents to the Civil Registry and Migration Department. The Department reviews it and gives us their decision. Once approved, the investor and their family go to Cyprus to submit biometric data. Our lawyers set up the appointments and help with the visa to travel to Cyprus.
After biometrics are submitted, the permanent residence cards are issued within 40 days. These must be collected in person at the Civil Registry and Migration Department in Cyprus.
Good tax planning helps you keep more of your wealth. At WeRWealthy, we work with high-net-worth individuals to lower their tax burdens and align their finances with opportunities worldwide.
Cyprus PR doesn't give you the right to work as an employee. But that doesn't stop you from owning or managing a business. Many PR holders set up companies, invest in local ventures, and receive dividends. It's perfect for those looking to build passive income or manage their own company without needing a separate work permit.
Cyprus PR doesn't give you visa-free access to Schengen countries. But it does help you apply for Schengen visas more smoothly. Many PR holders find it easier to travel in and out of Europe using their Cyprus status. And if you later apply for citizenship in Cyprus, you'll get full EU access.
To keep your PR, you need to maintain your real estate or qualifying investment. This helps encourage stable, long-term planning. It also protects the value of your investment over time. Instead of buying and selling quickly, this rule promotes smarter financial decisions.
Our expert-driven process is faster, easier, and completely hassle-free.
