CYPRUS

Country Snapshot

Situated between three continents, Cyprus is an attractive tourist destination with an excellent geographical positioning.

Population: 1.3 million

Languages: English, Greek

Economy: Modern, service-based

Currency: Euro

Life in Cyprus:

Cyprus: A Strategic Gateway for Business and Lifestyle

Situated at the crossroads of Europe, Asia, and the Middle East, Cyprus offers an exceptional climate, strategic location, and a welcoming environment for investors and residents alike. Its well-developed infrastructure, skilled workforce, and robust connectivity in transport and telecommunications make it a dynamic hub for international business operations.

The country boasts a modern, service-oriented economy underpinned by a business-friendly regulatory framework rooted in transparency and EU compliance. This combination has positioned Cyprus as a trusted jurisdiction for global entrepreneurs and high-net-worth individuals seeking long-term opportunities.

With continuous reforms aimed at enhancing economic resilience—especially following significant banking sector transformation—Cyprus has implemented targeted initiatives to encourage sustainable growth and foreign direct investment. These efforts, along with its favorable tax regime and high standard of living, make Cyprus a compelling choice for those looking to combine business ambition with quality of life.

Programs Offered:

Fast Track PR:

In Cyprus, the terms Golden Visa and Permanent Residency are often used interchangeably, especially in common discussions. However, strictly speaking, Cyprus does not have a distinct “Golden Visa” program under that name like Portugal or Greece. Instead, Cyprus offers a Fast-Track Permanent Residency program (Category 6.2), which is what many refer to as the “Golden Visa.”

Residency Via Business Registration:

Legal Pathways Where This Can Work

Business Facilitation Unit (BFU) Scheme – Formerly “Foreign Interest Company”. If your company qualifies under this scheme, then:

You can appoint yourself as Director and legally obtain a residence & work permit. You can also sponsor non-EU staff

To qualify:

· The company must be majority foreign-owned

· Minimum €200,000 capital (usually deposited in a Cyprus bank)

· Maintain a physical office in Cyprus

· Employ at least 1–5 Cypriot/EU nationals over time

· In this case, you can get a work permit as an executive/director and also be on payroll.