No, this is not possible.
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Is it possible to maintain Cyprus residency through a rental or other tourist accommodation?
I am wondering if to bypass the owning a house requirement for my citizenship-by-investment application, can I rent a place? Or a long-term hotel, or something of that nature?
Answers
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Unfortunately, the investment categories do not provide for any rental option either for private residence or commercial facilities.
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Further to your request, please be informed that it is a vital requirement to invest in a purchase of a residential property of at least 500,000 euros, plus VAT.
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There is no such option in the CBI program. In addition to the investment options, you have to purchase a residential property of a minimum 500,000, plus VAT, to satisfy the criteria of the program.
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I am afraid that no such options are being offered under the scheme.
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The answer is that you can obtain a temporary Cyprus residency only for one year (maybe two) renewable through a rental apartment (not hotel accommodation), provided that you prove that you have the funds to live in Cyprus from legal sources outside of Cyprus.
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Residency and citizenship are entirely different under the current available programs in Cyprus. Regarding the Cyprus investment program, it is compulsory to have a property for life or as long as you want to have your passport. However, you are not obliged to live in that house/apartment.
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