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Start Your Mediterranean Adventure with Cyprus Permanent Residency

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  • Property investment with rental income

  • Lifetime permanent residence

  • Access to high-quality healthcare and education

  • No interview or language requirement

  • Property investment with rental income

  • Access to high-quality healthcare and education

  • Lifetime permanent residence

  • No interview or language requirement

Property investment with rental income

Lifetime permanent residence

Access to high-quality healthcare and education

No interview or language requirement

About Cyprus

Cyprus is an island in the Mediterranean Sea south of the Anatolian Peninsula, bordered by Turkey from the south, Lebanon from the west, Egypt from the north and Crete from the east. Cyprus is considered a Commonwealth country and has also joined the Eurozone. Known for its beautiful golden beaches, tropical Mediterranean climate, Cyprus is considered an ideal destination to obtain Cypriot Permanent Residency for non-European and foreign nationals.

Investors can qualify for Cypriot Permanent Residency by purchasing a residential property.

  • Facts About Cyprus
  • Location

    Mediterranean Sea

  • Capital

    Nicosia

  • Time Zone

    UTC +2

  • Total Area

    9,251 Km2

  • Population

    1,244,188

  • Language

    Greek

  • Government Type

    Unitary presidential republic

  • Currency

    Euro (€)

Benefits of Cyprus PR

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Cyprus PR Investment Scheme

Investment in Real Estate

Normal Track investment to obtain Cypriot PR in approximately eighteen to twenty-four months:
  • The applicant is required to purchase a residential property for a minimum value of €100,000
Fast Track investment to obtain Cypriot PR in approximately three to six months:
  • The applicant is required to purchase a new residential property for a minimum value of €300,000 or offices/shops/hotels or similar developments or a combination for a minimum value of €300,000.

Requirements of Cyprus PR

To be eligible for the program, individuals must fulfill specific criteria related to their personal and financial backgrounds. These requirements ensure that applicants are able to contribute to the growth and development of Cyprus while enjoying the advantages of permanent residency and the rights it offers.
Cyprus-map-and-flag

  • Applicant must be at least eighteen years of age.

  • Investor to open a bank account and transfer a minimum value of €30,000.

  • To visit Cyprus at least once every two years.

  • Should the main applicant decide to add his dependent children or parents, the investor and spouse must prove a yearly income from abroad of a minimum value of €30,000 with an additional €5,000 for each dependent child, and €8,000 for each dependent parent.

  • No criminal record.

  • Legal proof of funds.

  • Spouse can be added.

  • Dependent children up to the age of twenty-one can be added.

  • Dependent parents can be added in the fast-track option only.

Legal Basis

Cyprus offers two routes under which Cypriot permanent residency can be obtained:

  1. Regular Track Cyprus Permanent Residence Permit According to the decision of the Minister of Interior of the Republic of Cyprus dated May 07th, 2009, regulation 5(F) of the Aliens and Immigration Regulations provides a unique opportunity for granting a permanent residence permit within 8-12 months to prospective non-EU individuals purchasing a new resold property at a value starting at €150,000 (excluding VAT) and should also provide proof of annual income no less than €24,000 for a single applicant and €5,000 for every dependent. This may include any source of income such as wages, salaries, and dividends or rental income.
  2. Fast Track Cyprus Permanent Residence Permit In pursuance of the provisions of Regulation 6 (2) of the Aliens and Immigration Regulations, the Minister of Interior of the Republic of Cyprus on August 29th, 2012 decided to issue Immigration Permit within 3-4 months to third country nationals who acquire by virtue of sale, a self-owned and not re sale properties in Cyprus for self-residential purposes for a minimum value of €300,000 (excluding VAT). Additionally, the applicant must prove that they have a secured minimum annual income of €30,000 and that this income is derived from abroad and not from working in Cyprus. Moreover, the required minimum annual income is increased by €5,000 for each dependent person.
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