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Visas & Residency Permits for Moving to Cyprus

Q. What are the main visa options for relocating to Cyprus in 2026?

A: The main pathways for moving to Cyprus in 2026 include:
• Permanent Residency (Investment Route) – property or business investments with proof of stable income.
• Digital Nomad Visa – for remote workers earning above the required threshold.
• Employment & Work Permits – for individuals hired by Cyprus-based companies.
These visas allow long-term living and often include family members.

Q. Can my spouse and children join me under a Cyprus visa?

A: Yes. Most Cyprus residency permits—investment, work, and digital-nomad visas—allow family reunification, enabling your spouse and dependent children to live, study, and access services in Cyprus.

Q. Is citizenship by investment still available in Cyprus?

A: No. Cyprus has discontinued the citizenship by investment program. Today, long-term residency, and after approximately 5 years of full residence in Cyprus, an application for standard citizenship can be made, is the main route to citizenship for foreigners.

Banking & Financial Setup in Cyprus

Q. Can foreigners open a bank account in Cyprus before relocating?

A: Yes. Many Cyprus banks allow non-residents to open an account remotely. You must provide:
• Passport or ID
• Proof of address
• Source-of-funds documentation
• Purpose of the account
however, it is important to note that opening the account depends on bank compliance checks, and is dependent solely on the bank's decision after reviewing all relevant documents. You may be asked to provide extra documentation in some cases.

Q. Is it easier to open a bank account once I become a Cyprus resident?

A: Absolutely. Residency typically speeds up the approval process and allows access to additional banking services like loans, local credit options, and simplified onboarding.

Q. What challenges do foreigners face when opening a bank account in Cyprus?

A: Common obstacles include enhanced document checks, longer approval times, requests for detailed financial history, and occasional limitations on credit products for non-residents.

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Education Options for Families Moving to Cyprus

Q. What school options are available for expat children in Cyprus?

A: Families can choose between public schools, private institutions, and international schools. International & Private schools offer English-language learning and global curricula such as British, American from kindergarten to high school. Public Schools – The free education law applies from kindergarten to high school, there are real high schools or high schools that allow for vocational studies in addition to the matriculation exam. Public schools have a regular program for students who do not speak Greek.

Q. Do Cyprus international schools offer globally recognised qualifications?

A: Yes. Most international schools offer IGCSEs, A-Levels, and other respected qualifications, ensuring children can continue studies abroad or enter international universities.

Q. Do children need residency status to enroll in a Cyprus school?

A: Private and international schools typically enroll students without residency. Public schools may require proof of local address and standard documentation.

Starting a Business in Cyprus

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Q. What is Cyprus's corporate tax rate in 2026?

A: From 2026 onwards, Cyprus applies a 15% corporate tax rate, which remains competitive within the EU and attractive to relocating entrepreneurs.

Q. What business incentives does Cyprus offer to foreign entrepreneurs?

A: Key advantages include:
• No withholding tax on dividends (subject to tax residency rules)
• A favourable IP Box regime for companies holding intellectual property
• Non-Dom benefits for company owners
• Easy company incorporation procedures

In addition, applications can be submitted for grants depending on the field sought - it is recommended to consult with a legal advisor.

Q. Can foreigners easily set up a business in Cyprus?

A: Yes. Non-EU citizens can register a company and be 100% owners of the company, but they must meet requirements such as business entity, tax registration, and maintenance of local accounting records.

Lifestyle & Practical Information for Moving to Cyprus

Q. Is English widely spoken in Cyprus?

A: Yes. English is commonly used in business, education, healthcare, and daily life. Learning some Greek can still enhance cultural integration and make dealing with authorities easier.

Q. Is healthcare easily accessible for new residents?

A: Cyprus offers excellent healthcare via the GESY public health system and a strong network of private clinics. Residents can choose between public or private providers based on preference.

Q. Does a Cyprus residence permit allow free travel in Europe?

A: Cyprus is in the EU. While not fully in Schengen yet, Cyprus residency facilitates easier travel processes, and ongoing integration efforts are expected to further streamline mobility.