Permanent Residency
Become a permanent resident and start saving on taxes
Become a permanent resident
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.
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 and 60 days per year for the non-dom tax status.
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 be come tax residents under the 183 days or the 60 days rule. Under the 183 days rule, tax residency is obtained by residing in Cyprus for 183 days in a calendar year, without any other conditions. Under the 60 days rule, individuals can become tax residents 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.
- 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
Our advisors will evaluate your personal circumstances and guide you through each of the program’s stages.
1-2 days
2
Property
Purchase
We help you shortlist properties directly sourced from our developers’ network and support you with the purchase.
15-30 days
3
Document Preparation
We provide you with a detailed checklist and help you collect supporting documentation for the PR application.
3-5 days
4
Application Submition
Our agents will directly submit your application along with supporting documentation to the Civil Registry & Migration department.
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