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Service Overview
Although the Council of Ministers abolished the Cyprus Citizenship Investment Program since November 1, 2020, the Republic provides a number of other benefits with the scope of attracting foreign investors, businesses and digital nomads to the island.
The Cyprus Permanent Residence Program offers eligible individuals and their families the opportunity to reside indefinitely in Cyprus in exchange of an investment of at least EUR 300,000.
The "Cyprus Startup Visa" Scheme allows talented entrepreneurs from third countries [outside the European Union (EU) and outside the European Economic Area (EEA)], individuals or a team, to enter, reside and work in Cyprus in order to establish / operate / develop a Startup with a high growth potential. The Scheme’s goal is the creation of new jobs, the promotion of innovation and research, the development of the business ecosystem and consequently the economic development of the country. The Scheme supports the establishment of new innovative Startup or the move of established innovative Startups to Cyprus. The Scheme is valid from 1st June 2022 until 31st May 2024.
The "Cyprus Digital Nomad Visa" Scheme allows nationals from non-EU and non-EEA countries, who can perform their work location-independently using telecommunications technology, to reside temporarily in Cyprus and work for an employer registered abroad or perform work through telecommunications technology for companies or clients located abroad.
The Cyprus Residency by Investment program remains in place which allows successful applicants and their families to get a Cyprus immigration permit with an unlimited duration in approximately two months. An investor who successfully obtains residency may then apply for Cyprus citizenship after five years of residing in the country as a holder of such a permit.
To qualify the applicant must invest at least €300.000 in one of the following categories:
There are several other conditions to qualify for the above which we would be happy to set out should you be interested.
With a Council of Ministers decisions on 15 October 2021 Cyprus adopted the Digital Nomad Visa Scheme which is a remote work policy used across the European Union to promote “teleworking for third-country nationals”.
The digital nomad is a phenomenon tied to the global market, the current mobile lifestyle, the use of technology, and “residential tourism” or “business tourism”. Digital nomads are in search for both freedom and meaningful work.
Cyprus keeps up with the latter trend, strengthening its position further as an electronic services provider.
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