CYPRUS
PERMANENT RESIDENCY
VIA A FUND
Cyprus Residency by Investment Through a Regulated Alternative Investment Fund (AIF) - Managed by a Licensed and Regulated Alternative Investment Fund Manager (AIFM)
ABOUT ELEON CAPITAL MANAGEMENT
Eleon Capital Management brings a highly experienced team, assisting individuals, families and single-family offices in achieving protection, performance and the preservation of wealth and assets for generations. Increasingly, global individuals and families are exploring residency as a strategic component of long-term wealth planning. A fundamental component of our firm is providing high-efficacy, efficient and regulatory compliant solutions that are supported by stringent risk management with institutional-grade oversight.
As a licensed AIFM in Cyprus, we are authorised to provide discretionary portfolio management, risk management and fund management across a range of regulated structures. As such, we are well-equipped to develop and execute sophisticated wealth strategies that meet the highest standards of governance, transparency and investor protection.
This webpage provides a concise overview of how residency can be achieved through a qualifying alternative investment fund (AIF), the benefits of residency via a Fund and how our regulated framework supports families seeking stability, mobility, and long-term optionality.
10 BENEFITS OF RESIDENCY VIA A FUND
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Save Time: A streamlined process delivered through a professional, compliant framework. The entire Fund subscription process can be completed online. A visit to Cyprus is required only for biometrics.
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Invest Smarter: The Fund offers exposure to sophisticated projects and invests across multiple sectors and in income-generating real assets. Access to diversification, liquidity, and professional management with less capital.
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Flexibility: Choose the lifestyle that suits you while the Fund handles the investment. Live where and how you choose, in the city or setting that suits you best.
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Grow Wealth: Keep capital focused on long-term growth, not property administration. Benefit from reinvested returns designed to compound over time.
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Cost-Effective: No VAT charges, no exit fee, no redemption fee and no capital gains tax on Fund redemption.
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Exit Strategy & Liquidity: Redemption is possible, subject to Fund terms.
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Support Larger Families: Offer a credible alternative to high-capital property purchases.
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Attract Global Families: Offer a compelling residency solution shaped by efficiency, performance, and tax advantages.
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Reduce Hassle: Avoid the burden of maintenance, upkeep, and day-to-day ownership.
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Regulated Investment Environment: The Fund operates under Cyprus and EU financial regulations, ensuring transparency, with strict rules on licensing, audits, transparency, reporting and risk management and therefore reducing risks.
AN ALTERNATIVE INVESTMENT FUND (AIF) ELIGIBLE FOR RESIDENCY EXPLAINED
An investment fund is a pool of capital managed by professionals and invested across multiple and diversified assets. A Cyprus AIF is a regulated investment Fund eligible for the Cyprus Permanent Residency Programme, where the investment objective of the investment compartment satisfies the criteria of the Cyprus Permanent Residency Programme, which grants an indefinite residence permit to foreign nationals.
Authorised and approved by the Cyprus Securities and Exchange Commission (CYSEC), the Fund invest in the medical sector, student housing, hospitality and residential development. Investors retain residency as long as they remain invested with targeted returns of up to 7%* annually.
To obtain the Cyprus Permanent Residency, an investor must purchase fund units worth at least €300,000, prove legal income and hold a clean criminal record. Immediate family members are also eligible.
HOW CYPRUS
PERMANENT RESIDENCY VIA A FUND INVESTMENT WORKS
The Fund's investment process for the Residency route follows a simple, expedient three-stage model with professional and legal support.
The investment consists of:
1. Subscription - The investor consults with the qualifying Alternative Investment Fund (AIF) and purchases units worth at least €300,000. This stage includes due diligence, signing the subscription forms with the fund manager and transferring personal funds to the Fund’s Depositary account.
2. Management - Eleon Capital Management, the licensed manager, invests in Cypriot Real Estate. The Fund’s targeted annual returns are 7%+*.
*Forecasts are not reliable indicators of future performance.
3. Exit - After the 3 year lock-up period, the investor can exit, subject to the Fund’s terms and redemption procedure.
“Our success is a measure of the results we achieve for our clients ”
OUR SERVICES
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Consultation on the Fund investment that qualifies for residency.
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Clarification on questions related to the Investment Fund for residency.
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Connect the investor with a reputable residency lawyer or agent for the residency application in their preferred language.
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Guidance on documentation and investor due diligence required for the investment and subscription procedure to proceed with the Residence Permit application upon being approved.
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Eleon Capital Management expedites every step within our remit, running the residency process in parallel and in full coordination with trusted service providers, leveraging our network to ensure a seamless and timely submission.
RESIDENCY VIA A FUND
ELEON CAPITAL PROCESS
Eleon Capital Management completes all steps within our responsibility swiftly and in parallel, working in synchrony with highly experienced service providers. While the official examination period is determined by the authorities, our team’s extensive network and proactive coordination ensure that the overall process moves forward efficiently and without unnecessary delay.
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Initial Introductions & Consultations
Eleon Capital introduces all related parties and service providers and conducts a concise diagnostic discussion to understand the investor’s objectives, family and economic profile, and suitability for the Fund‑based residency route.
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Subscription to the Investment Fund
The investor completes the Fund subscription process and is approved for the investment by the Fund Manager and related service providers once all investor due diligence is met. Once the funds are transferred from the investor’s personal offshore account and received by the Depositary, the proof of payment and proof of investment statement or purchased units certificate are issued by the Fund Administrator and handed over for the residency application pack. Eleon Capital handles all steps within our remit swiftly and in parallel with the residency preparation.
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Submission to the Authorities
The authorised service provider submits the residency application to the Migration Department.
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Approval & Residency Permit Issuance
Once approved, the investor and eligible family members receive their residency permits.
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Investor Qualification & Documentation Guidance
Our team provides a structured checklist and coordinates with trusted service providers to ensure all required documents are prepared correctly from the outset.
4
Parallel Preparation of Residency Application
While the investment is being finalised, Eleon Capital works synchronously with highly experienced immigration service providers to prepare the residency application.
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Government Examination Period
The authorities review the application. Eleon Capital remains in close communication with service partners to ensure any clarifications are addressed promptly.
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Ongoing Relationship & Compliance Support
Eleon Capital remains available for ongoing guidance and annual reviews.
DISCLAIMER
This content is for general information purposes only and should not be used as a substitute for consultation with professional advisors. While there are several investment options for the Cyprus Residency Application, this content refers only to the Cyprus Residency Programme through an investment in an Alternative Investment Fund.
REGULATORY BASIS
Residency by Investment – Permanent Residency via a Fund (AIF)
Under Regulation 6(2) of the Cyprus Aliens and Immigration Regulations (4th revision, May 2023), a Permanent Residence Permit (PR)/Immigration Permit can be granted to a Third Country National upon fulfilling the required conditions. This permit is for people who wish to permanently reside in Cyprus.
KEY POINTS: RESIDENCY VIA FUNDS
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Subscribing to a Fund is the most viable and efficient option for obtaining the Cyprus Residency Permit with a minimum subscription of €300,000. This investment is also known as the purchase of units of a Cyprus Investment Organisation of Collective Investments (Cyprus Fund), the investments of which must be in the Republic of Cyprus. In most cases, this type of investment provides indirect exposure to specialised, commercial, or residential real estate projects.
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The full amount of €300,000 must be transferred to the Fund upon subscription approval, realised at the time of application submission.
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The investment must be transferred by the applicant/subscriber, provided that s/he applies with funds from abroad.
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The investor’s family can also obtain PR (spouse, children under 18 years old, and financially dependent unmarried children up to 25 years old). The applicant should have a secured and steady income of €50,000 p.a., increased by €15,000 for a spouse and by €10,000 for each dependent child.
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Hold a clean criminal record from the country of residence and origin, if these differ, and not constitute a threat against public order or security in Cyprus.
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For investments in Funds, the investor needs a residential property arrangement in Cyprus (rented or owned), which is only required. post the approval stage.
See more details on the Fund eligible for residency and contact us directly.
Legal Disclaimer: The information contained within this webpage is issued by Eleon Capital Management Limited (ECM), which is an Alternative Investment Fund Manager (AIFM) based in Nicosia, Cyprus, authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC), license number AIFM 45/56/2013 and offers specialised investment management services to qualified investors. Investors should carefully read the Fund’s Prospectus, key Information document and any supplements, which contain information about the Fund’s investment objectives, risks, charges and expenses. The information contained herein does not constitute an offer to buy or sell or an invitation to make any offer to buy or sell interests in any investments referred to herein. All information contained herein may be changed or amended without any prior notice.
Risk Disclaimer: Investments in the Fund do not have a guaranteed return, and any past performances are not indicative of or secure future returns. Additionally, the value of investments in the Fund’s shares may increase or decrease, and therefore, the initial investment is not guaranteed. Before you decide to invest in the Fund, carefully consider the Fund’s investment objectives, risks, charges, and expenses as written in the latest offering memorandum, i.e. Prospectus, key investor information document (KID) and any supplements.
Tax Treatment: The tax treatment depends on the clients’ individual circumstances and may be subject to change in the future.
Migration Permit: According to the Policy of the Migration Department of the Deputy Ministry of Migration and International Protection, by investing at least €300,000 in units of Cyprus Investment Organisation for Collective Investments, whose investments are held in the Republic of Cyprus, an investor may be eligible to apply and obtain a Migration Permit in the Republic of Cyprus.
An investment in the AIF Sub-Fund qualifies as such as an investment, as the Fund itself qualifies as a Cyprus Investment Organisation for Collective Investments, within the meaning of the Migration Department’s Policy, with the Sub-Fund conducting significant investments held in the Republic of Cyprus. Nonetheless, investing in the Sub-Fund does not in itself guarantee eligibility or approval. Investors should be aware that:
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Neither the Sub-Fund nor the AIFM is responsible for any changes to, or the continuation of, any residency or migration program.
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Neither the Sub-Fund nor the AIFM guarantees that any residency application to any authority will be accepted, approved, or successful.
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Participation in any residency or migration scheme is solely the investor's responsibility and risk.
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Investors must obtain their own independent legal and migration advice.
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There are additional requirements beyond investment in the Sub-Fund, which need to be satisfied in order for a Migration Permit to be granted, including quality and legal criteria.
In this context, it should be noted that CySEC is not the competent authority for any residency, migration, or related scheme mentioned herein, and CySEC’s review of this document is limited exclusively to matters relating to the Sub-Fund’s constitution, supervision, and operation under Cypriot law. Investors, therefore, may not rely on CySEC’s review for any aspect of the applicability, eligibility, or outcome of any residency or migration scheme.