Key Benefits:

1. The application process is streamlined and enjoys a high approval rate when all requirements are met.
2. No requirement for continuous residence in Cyprus, but a visit is required once every two years.
3. Dependents can attend high-quality private schools offering courses in English.
4. Residence applies to the main applicant’s spouse and children under 25 years of age.
5. The entire procedure can be managed remotely, except for biometric data collection.
6. Successful applicants are eligible to apply for Cypriot citizenship after seven years of residence.

Requirements:

1. Submit clear criminal record certificates from both the country of origin and country of residence every three years (applicable to all adult dependents as well).
2. Provide an official statement confirming non-employment (this does not apply to applicants who are directors of a company in which they have invested).
3. Fulfill one of the following investment options:
   1. Purchase up to two new immovable residential properties with a total market value of at least EUR 300,000 plus VAT, with the option to purchase from two different developers.
   2. Purchase up to two new or used immovable non-residential properties (offices, shops, hotels, or other developments) with a total market value of at least EUR 300,000 plus VAT.
   3. Invest EUR 300,000 in the share capital of a Cyprus-registered company that employs at least five people.
   4. Invest EUR 300,000 in units of the Cyprus Investment Funds Association’s collective investments (AIF, AIFLNP, RAIF).
4. Provide supporting evidence of an annual income of at least EUR 50,000 derived from abroad.
   1. An additional EUR 15,000 is required for each dependent spouse and EUR 10,000 for each minor child.
   2. Additional requirements may apply.

Application Process

Applications for Cypriot residence must be submitted with completed application forms, the necessary fees, and relevant supporting documents. Approved applicants are required to provide annual evidence of maintaining their investment and, if they no longer participate in the General Healthcare System, proof of health insurance. Income derived from abroad may include employment salaries, rental income, pensions, interest on deposits, and dividends from shares.

• Client reaches out to Destiny Migration Company
• Initial due diligence checks are completed
• Client agreement is finalized and retainer is paid
• Application is submitted to the relevant government authority
• Biometrics are collected at the migration office in Nicosia (timing varies: on the application submission date, during review, or within one year post-approval)
• Applicant and family travel to Cyprus within one year to obtain their residence permit
• Cyprus residence permit is granted