Invest €300,000 in Cyprus to become a permanent resident and benefit from one of the most appealing tax regimes in EU through the non-dom status. We provide turnkey solutions by handling the permanent residency application and support you with property acquisition.
Path to EU Citizenship
Acquire Cyprus citizenship after 7 years of residence.
Favorable Non-Dom Tax Status
Tax exemptions on worldwide income, inheritance, dividends, and more with minimal presence of 60 days.
Real Estate Option
Suitable residential and commercial properties as an investment option.
Low Minimum Stay Requirement
Minimum visit once every 2 years to maintain the PR.
Potential entry to Schenghen
Cyprus’ potential entry to Schenghen will allow PR holders to travel visa-free in Schenghen area.
Family Inclusion
Main applicant, spouse, and children up to 25 years old.
Cyprus Non-Dom Tax Residency
At taxcyp we assist you with all the stages of the process for obtaining the non-dom status, including establishment of permanent residence, company setup, and liaising with the tax department.
- Tax Residency: Individuals can become tax residents under the 183 days or the 60 days rule. Under the 60 days rule, individuals qualify by residing in Cyprus for 60 days in a calendar year, provided that they are not tax residents of another country, are employed or hold directorship in a Cypriot company, and maintain a permanent residence in Cyprus through home ownership or rental.
- Non-dom tax status: Individuals are considered non-doms residents of Cyprus if they are not born or lived in Cyprus for the last 17 years.
- Combining non-dom with the 60 days rule: Combining the 60 days tax residency rule with the non-dom status offers one of the most tax-efficient structures in EU.
- 0% tax on dividends and interest on worldwide income.
- 0% capital gains except on Cyprus real estate.
- No wealth, inheritance, or gift taxes.
- Extensive treaty network with over 60 double tax treaties.
- Low minimum stay requirement of 60 days per year.
investment options
The most common route of the PR program is the purchase of newly built residential real estate with a minimum value of €300,000. We offer the most exclusive properties in Cyprus, sourced directly from our developers’ network.
Residential Property
Buy up to two newly built residential properties with a combined market value of at least €300,000 plus VAT from a Cypriot developer.
Commercial Property
Buy up to two new or pre-owned commercial properties (offices, retail units, hotels, or similar developments) with a combined market value of at least €300,000 plus VAT.
Investment in Shares
Invest at least €300,000 in the share capital of a Cyprus registered company that operates in Cyprus.
Investment in Funds
Invest at least €300,000 in units of collective investment schemes such as AIFs, AIFLNPs, or RAIFs that invest in Cyprus.
How it works
1
Free
Consultation
Eligibility check and guidance through each of the program’s stages.
1-2 days
2
Property
Purchase
Shortlist of investment options and investment.
15-30 days
3
Document Preparation
Collection of all supporting documentation needed for the PR application.
3-5 days
4
Application Submission
Submission of PR application to the Civil Registry & Migration department. No physical presence required up to this stage.
3-5 days
5
Application Approval
Processing time usually takes up to 6 months. Physical presence of the applicant and family in Cyprus is required only upon approval for biometric tests.
2-6 months