CYPRUS GOLDEN VISA PROGRAM IS AN INVESTMENT IMMIGRATION PROGRAMME TARGETED AT NON-EU CITIZENS TO OBTAIN EU RESIDENCY OR CITIZENSHIP.
Embarking on your journey towards Cyprus Golden Visa is a significant decision, and we’re here to guide you through the process with clarity and ease. Below, we outline the requirements and step-by-step procedures for applying for the Cyprus Golden Visa, so you know what to expect.
The Cyprus Golden Visa offers instant Permanent Residency connected to your investment. Although Cyprus is not yet part of Schengen, but it has visa-free access of more than 170 countries, including most of Schengen countries.
Furthermore, children under the age of 25, one of the most accommodating age limits for dependents, can apply together as part of the application.
It is ideal for individuals seeking immediate permanent residency with a more modest investment budget.
Part of EU
Not part of Schengen
Permanent Residence Permit
€300,000 investment in property or funds
Entry once every 2 years
Dependent – Spouse and children only
Permanent residence: Immediately
Citizenship: Reside for 5 years within an 8-year period
JWP Fund invests at least 60% of net assets towards Cypriot real estate companies or properties with sustainable economic development potential. These properties encompass office buildings, shopping centres, commercial structures, hotels, and logistics properties, as well as residential properties. Additionally, indirect investments in real estate or real estate-related markets can be made through investments in other collective investment schemes (relevant funds), not exceeding 40% of the fund’s net asset value.
Managed by Byron Capital Partners, a trusted entity within the JWP Fund family.
The fund already gained approval from government for Golden Visa
No leverage is used: mature interest-earning assets acquired under the name of the fund are 100% owned by investors, ensuring that investors’ funds are safer.
Stable income from the fund with mature hotels as income generating assets.
After you have decided that Cyprus’s Golden Visa is your ideal choice, you might want to get more information on the investment options, and to start preparing for the application. Below is an outline of the procedures for applying for the Golden Visa, step-by-step, to give you an idea of the process. We understand there are major decisions to be made here, and dealing in Portuguese may make things more complicated, trust us that The Golden Portugal team is here to help you along the way.
Average Time to Get Your Permanent Residence Card (Step 1 – 8) :
5
Months
Step-by-Step Application Procedures:
Step 1 – Initial Consultation
Begin with an initial consultation to assess your unique case and explore the investment options that align with your goals.
Step 2 – NIF & Bank Account
We will assist in obtaining a taxpayer ID number for you and your family, and introduce you to a bank manager to facilitate account opening.
Step 3 – Investment Options
Based on your needs, we’ll identify and recommend suitable investment opportunities on fund and property.
Step 4 – Transfer money and make the Investment
Transfer the necessary funds to your bank account and proceed with your chosen investment. Specific procedures may vary depending on your investment option.
Step 5 – Gather Personal Documents
Gather all required documents for the SEF submission. We’ll provide guidance and collaborate with relevant parties, to acquire the necessary documents.
Step 6 – Online Application Submission
Your lawyer will submit your application and accompanying documents online.
Step 7 – Biometrics
You will need to go to Cyprus to provide biometric information.
Step 8 – Approval and Residence Cards
Your approval and residence card will be ready in around 2-3 month’s time, where your lawyer to get your residence card and mail it to you.
Apply Remotely
Please note that all steps and processes, except for step 7 (Biometrics), can be conveniently completed remotely without the need for you to visit Greece. Our dedicated team is here to ensure a smooth and hassle-free Golden Visa application experience. Feel free to contact us for an initial consultation to get started on your Golden Visa journey.
Documents to be obtained in your country of origin
Valid Passport: A current passport is essential.
Criminal Record Certificate: For each applicant aged 16 or older, a criminal record certificate from the country where you’ve latest resided for at least one year is required.
Proof of Residence: Provide a copy of your driver’s license, a recent utility bill, or a recent bank statement (for the main applicant).
Cyprus Medical Insurance
Family Members’ Eligibility Documents: If you are including family members in your application, you’ll need to provide specific documents:
For the spouse, a marriage certificate.
For children, birth certificates (plus single status certificates and proof of student enrolment if they are over 18).
FAQ on Cyprus Golden Visa
What are the investment requirements for Cyprus Golden Visa?
The investment options are either €300,000 investment in property or funds. Additionally, investors have the flexibility to acquire up to two properties to reach the €300,000 investment threshold.
What are the requirements of the Cyprus Golden Visa program?
The Cyprus Golden Visa program is very straight forward. The main requirements is the investment. – The investment of €300,000 in property or funds. – A minimum yearly income of EUR 50,000 sourced from foreign earnings is mandatory, with an additional requirement of EUR 15,000 for spouse and EUR 10,000 for every child. – No stay requirements – No age restrictions – No educational qualifications needed – No specific work skills required
Who can I include as dependents with my application?
Portugal Golden Visa programs allows you to include 3 generations of family member with your application. You can include the following family members: – Spouse – Children under the age of 18 – Children from 18 – 25 years of age must be single, studying and dependent
How long does it take to get Cyprus Golden Visa?
On average 5 months from the beginning.
Does Cyprus Golden Visa lead to citizenship
YES! You would need to reside for 5 years within an 8-year period
What are the advantages of Cyprus Golden Visa？
The most significant benefits include the opportunity to secure EU permanent residency with an exceptionally modest investment of €300,000, attainable within just a few months, and with minimal stay obligations – necessitating only one entry every two years. Furthermore, investors with older children can take advantage of the extended age limit of 25 years.
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