Cyprus remains one of the few European destinations still open for Russian citizens to obtain permanent residency through investment
European residency – still within reach
It’s not merely a residency permit – it’s access to a transparent, stable, and welcoming European jurisdiction for life, business, and capital preservation
Residency benefits
What Cyprus residency offers
European status & Future Schengen access
Favorable tax & financial environment
Permanent residency for life
Residency for the whole family
Cyprus is a member of the EU and in the final stages of joining the Schengen Area – which will eventually grant full visa-free access across Europe to Cyprus PR holders
Cyprus offers a competitive tax regime for residents, businesses, and international income – with real financial benefits
Cyprus PR is issued for life without expiration – simply visit the island once every two years to maintain it. Citizenship eligibility after 8 years of residence
PR status covers spouses, children under 18, and dependent children up to age 25 who are studying at international universities
Cyprus offers low taxes, transparent regulations, and one of Europe's simplest pathways to permanent residency through investment – without bureaucracy or hidden complexities
Financial and tax advantages
- Transparent transactions and no hidden purchase costs
- No annual property tax – rare in Europe
- Eligible properties may still qualify for a reduced 5% VAT (instead of 19%) if permits were issued before the latest tax reform. Note: These properties are limited in number – an opportunity worth acting on quickly
- Strong demand in premium segments (especially Limassol and Paphos)
- No taxation on foreign income or inheritance
- Extensive network of double taxation treaties
- No tax on dividends from your own Cyprus company
- Low corporate tax rate – 12.5%
- Fast company registration and transparent legal system
- Business-friendly environment for Russian nationals: easy bank account setup, simple company registration, and a sizable Russian-speaking community (around 15% of the population)
- Stable and growing real estate market: average annual price growth of 5–7%, rental yields averaging 5–8%
- One of the EU’s most business-friendly jurisdictions: rapid company establishment, low taxes, and a legal system based on English common law
- Transparent transactions and no hidden purchase costs
- No annual property tax – rare in Europe
- Eligible properties may still qualify for a reduced 5% VAT (instead of 19%) if permits were issued before the latest tax reform. Note: These properties are limited in number – an opportunity worth acting on quickly
- Strong demand in premium segments (especially Limassol and Paphos)
- No taxation on foreign income or inheritance
- Extensive network of double taxation treaties
- No tax on dividends from your own Cyprus company
- Low corporate tax rate – 12.5%
- Fast company registration and transparent legal system
- Business-friendly environment for Russian nationals: easy bank account setup, simple company registration, and a sizable Russian-speaking community (around 15% of the population)
- Stable and growing real estate market: average annual price growth of 5–7%, rental yields averaging 5–8%
- One of the EU’s most business-friendly jurisdictions: rapid company establishment, low taxes, and a legal system based on English common law
Quality of life & Easy integration
Over 80% of the population speaks English. Russian is spoken by approximately 15% of residents
Warm climate all year round
Modern healthcare & Top international schools
One of the safest countries in the EU
340 sunny days annually, mild winters (16–18°C), and consistently comfortable temperatures – ideal conditions for year-round living
Low crime rates, friendly communities, and a peaceful lifestyle – even in major urban areas
High-standard healthcare according to European benchmarks and access to prestigious international and British-curriculum schools
Language-friendly environment
Limassol
Cyprus’s business and financial hub: international companies, upscale real estate, high rental yields, and robust infrastructure
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Highest prices on the island and dense development near the coast
Paphos
Ideal for PR and peaceful living: low-rise luxury communities, European residents, pristine air, and tranquility
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Slower business pace and fewer opportunities for active entrepreneurs
Larnaca
A city with strong growth potential: extensive redevelopment, waterfront improvements, proximity to the airport, and attractive property prices
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Fewer premium projects and limited interest from high-budget tenants (for now)
Nicosia
Capital and administrative center: consistent demand for long-term rentals, competitive office space, and an active business environment
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No coastline or tourism flow – less appealing for beachfront living or short-term rentals
Why now is the right time
Cyprus’s PR program is currently available – but with the country’s approaching Schengen accession, conditions could soon change
Now is the perfect time to take action
Leave a request – we will get in touch shortly
CONSULTATION
Your first consultation is free
60
We will discuss your goals, answer any questions you have, and suggest an optimal strategy tailored to you
Consultation duration
min
Assisting with Cyprus permanent residency through real estate investment
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Contacts
Laverychev & Laverychev Consulting Ltd.
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1. General Provisions
1.1. By submitting your data through this website, you consent to this Privacy Policy.
1.2. The website administration ensures the protection of the information received from unauthorized access, distribution, disclosure, or misuse in accordance with applicable data protection laws.
1.3. We do not disclose or share your personal data with third parties without your explicit consent, unless required to do so by law.
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