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Residency in Cyprus

Residency in Cyprus

Residency in Cyprus

Cyprus government introduced the Permanent Residence (PR) program to provide non-EU citizens with the ability to obtain, through investment in Cyprus, permanent residence status that is valid for life and can be passed on to their dependents. Cyprus provides you a good business friendly environment and high in advanced infrastructure, combined with a high quality of life, allows investors and their families to enjoy the best of both worlds.

  • Capital: Nicosia
  • Currency: Euro
  • Language: Greek
  • Government: Cyprus Government
  • Major Airport : Larnaca International Airport

 

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Cyprus Minimum Investment
Minimum Investment
300,000 EUR
Cyprus Number of countries that allow visa-free travel
Number of countries that allow visa-free travel
177 Countries
Cyprus Global Passport Rank
Global Passport Rank
13th
Cyprus Residency
Residency
No residency requirement
Cyprus Taxation
Taxation
Subject to the tax law of Cyprus
Cyprus Processing Time
Processing Time
6 - 8 month

Do you want to get permanent residency in Cyprus? Do you have the ability to invest in real estate?

Take advantage of the fastest and simplest permanent residency programs for investors in Europe and move freely within the European Union and more than 100 countries around the world without a prior visa. Brand new properties and you can get residency within 8 months


What will you benefit when you get permanent residency in Cyprus?

  • The residence permit is valid for life and can be passed on to the dependents and spouse.
  • The residency is issued within two months only and covers the whole family.
  • There are no language requirements, medical testing or interview.
  • You will become eligible to apply for Cypriot citizenship after 6 years of residency.

 

What are the requirements for permanent residence in Cyprus?

To qualify for residency, applicants must choose one of the following options:

  • Buy up to two new unmovable residential properties with a minimum total market value of €300,000 plus VAT, with the option to purchase from different developers.
  • Purchase of up to two new or used unmovable properties (offices, shops, hotels or other developments) with a minimum total market value of €300,000 plus VAT
  • Invest €300,000 in the capital of an actual company registered and operating in Cyprus, which employs at least five people.
  • Invest €300,000 in the collective investment units of the Cyprus Investment Funds Association (AIF, AIFLNP, RAIF).
  • Provide supporting evidence of a guaranteed annual income of at least €50,000 derived from abroad (an additional €15,000 is required for each dependent spouse and €10,000 for each minor child).
      • In addition, applicants must meet the following requirements:
        • Provide clear criminal record certificates from the country of origin and country of residence every three years (also applicable to all adult dependents).
        • Provide an official statement confirming non-employment (not applicable to applicants who are directors of a company in which they invested).

Frequently Asked Question

  • How do I qualify for Cyprus Permanent Residency ?

    Choose one of the following options:
    Buy up to two new unmovable residential properties with a minimum total market value of €300,000 plus VAT, with the option to purchase from different developers.
    Purchase up to two new or used immovable properties (offices, shops, hotels or other development projects) with a minimum total market value of €300,000 plus VAT
    Invest €300,000 in the capital of an actual company registered and operating in Cyprus, which employs at least five people.
    Invest €300,000 in the collective investment units of the Cyprus Investment Funds Association (AIF, AIFLNP, RAIF).