Nicosia, CY – November 10, 2025 – PRESSADVANTAGE –
Applications from American investors for Cyprus’s Permanent Residency by Investment program have increased in recent months, according to local professional services firms, as the Mediterranean nation works toward potential membership in the Schengen Area.
The Cyprus government has stated its intention to join the Schengen Area, with officials targeting entry as early as 2026, pending completion of technical requirements and approval from current member states. If accepted, Cyprus would become the 28th member of the border-free travel zone.
The residency program, which requires a minimum investment of EUR 300,000 in qualifying real estate, business ventures, or approved investment funds, currently grants permanent residency status but does not include Schengen travel privileges. Cyprus’s potential accession to Schengen could provide residency holders with visa-free travel access across member states for up to 90 days within any 180-day period, though program terms following accession remain to be determined by Cypriot authorities.
Charles Savva, Managing Director of Nicosia-based C. Savva & Associates Ltd, reports increased inquiries from American entrepreneurs. “We’ve seen growing interest from US business professionals exploring residency options in Cyprus,” Savva said. “Many are attracted by the combination of EU membership and the possibility of future Schengen benefits.”
Current program requirements include a minimum investment of EUR 300,000 in residential or commercial real estate, Cyprus company share capital, or units in approved Cyprus Investment Organisations. Applicants must also demonstrate a secure annual income of at least EUR 50,000 from sources outside Cyprus, with additional amounts required for dependent family members.
The program requires residency holders to visit Cyprus at least once every two years to maintain their status. Participants must also maintain their investment and continue to meet income requirements on an ongoing basis.
American technology firms and consulting businesses have shown particular interest in the program, viewing Cyprus as a potential base for European business development. The country’s position as an EU member state provides certain advantages for companies operating within European markets.
Real estate investment remains the most common pathway for program participants. Cyprus’s property market has seen activity in both residential and commercial sectors, supported by tourism growth and infrastructure development. The country’s renewable energy sector also presents investment opportunities that may qualify for residency consideration.
Cyprus’s English-language educational institutions represent an additional consideration for American families, providing access to international schools and university programs. The combination of educational infrastructure and business environment has contributed to interest from entrepreneurs with family considerations.
The country’s geographic position offers access to European, Middle Eastern, and African markets, which may appeal to US businesses seeking international expansion platforms. Cyprus’s banking infrastructure supports international business operations and facilitates the documentation required for program compliance.
It is important to note that any changes to the residency program following potential Schengen accession have not been officially announced. While some observers suggest that investment thresholds or requirements could be adjusted in response to increased demand, no formal proposals have been released by Cyprus authorities.
Processing timelines for applications currently remain manageable, though increased application volumes could affect future processing capacity. Professional services firms in Cyprus report substantial increases in inquiries from American clients regarding residency strategies and program requirements.
American investors considering the program should be aware of both US and Cypriot tax obligations and compliance requirements. Cross-border tax considerations require specialized expertise, and professional guidance is recommended for navigating regulatory frameworks in both jurisdictions.
Banking relationships are important for program participants, as Cyprus financial institutions facilitate both investment transactions and ongoing residency compliance documentation. Establishing these relationships early in the application process can help ensure smooth program entry and maintenance.
C. Savva & Associates Ltd provides comprehensive assistance to international clients pursuing residency in Cyprus, offering guidance on investment structuring, application preparation, and ongoing compliance management.
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For more information about C.Savva & Associates Ltd, contact the company here:
C.Savva & Associates Ltd
Savva Associates
357 22 516 671
info@savvacyprus.com
15 Vyzantiou Street Strovolos, Nicosia 2064
