Yes you can! The Cyprus golden visa covers the main applicant, their spouse, children under the age of 18, and also unmarried children aged between 18 and 25 who are in full time education in Cyprus.

The minimum investment required is €300,000. This can be for the purchase of a residential or commercial property, or an investment in the shares of a Cyprus company employing at least 5 staff or in an approved investment fund.

VAT applies at the rate of 19% on all purchases of newly-completed properties.

If buying a newly-completed residential property exclusively for your own personal use, the rate is reduced to 5%. This is limited to the first 130 sqm of built-up area, up to a value of €350,000 and provided the total transaction does not exceed €475,000.

At the time of buying your property, you will pay 5% VAT. If you later decide to rent the property out, you will be required to pay top-up VAT.

If you have held the property for less than a year, the top-up VAT will amount to 14%. This is reduced by 1.4% for each year that you hold the property. Once you hold it for 10 years, you may freely rent the property out without paying any top-up VAT.

Your Cyprus golden visa application will take approximately two months to process, once submitted.

There are limited employment possibilities. If choosing to invest in the shares of a Cyprus company, then the applicant and their spouse can work as directors in that company. They can also act as unpaid directors in other companies in which they own shares.

If you spend 183 days or more in a year in Cyprus, you will automatically become a tax resident.

It is also possible to obtain tax residence by spending at least 60 days in a calendar year, provided that you do not spend 183 days or more in another country, are not tax-resident elsewhere, maintain a permanent home in Cyprus and carry out business or are employed or hold an office in Cyprus.

Once you are a Cyprus permanent resident, if you acquire permanent residence in another jurisdiction at any time, you will lose your right to permanent residence in Cyprus.

Residence permit holders are eligible to apply for citizenship after cumulatively residing in Cyprus for 8 out of the last 10 years, including the most recent 12 months. Absences totalling no more than 90 days during the final 12 months are permissible. Applicants must also maintain a place of residence in Cyprus and pass a basic Greek language test (A2 level).

In the case of highly-skilled applicants, who are employed in sectors deemed significant by the Council of Ministers or who hold the position of director in a Cyprus foreign interests company, the residence requirement is reduced from 8 to 5 years. This is further reduced to 4 years if the applicant holds a B1 level Greek language certificate.

As a Cypriot citizen, you will have unrestricted rights to live and work anywhere within the European Union.

Military service is compulsory for all Cypriot men. However, males who acquire citizenship but do not have any Cypriot ancestors either from their father's or mother's side are exempt of military service obligations.

If the son of a person who has acquired Cypriot citizenship as above also becomes a Cypriot citizen, he will not be eligible for the exemption.

If the entire family applies for citizenship at the same time, the father will be entitled to the exemption but not his sons.