CYPRUS

Cyprus Permanent Residency

Why Choose Cyprus?

  • Strategic location at the crossroads of Europe, Asia, and Africa, offering rich history, culture, and high living standards.
  • Attractive relocation destination with EU and Eurozone membership, favourable taxation, and a stable legal system based on English Common Law.
  • Offers non-EU nationals the opportunity for Permanent Residency with no renewal requirements, granted only to reputable applicants.
  • Permanent Residency Permit (PRP) provides easier travel within the EU and can serve as a pathway to Cyprus citizenship.
  • Immigration Permit available to third-country applicants under Regulation 9(2), based on specific eligibility criteria.
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Investment / Financial & Qualitative Criteria

Capital Deposit Requirement

The applicant should submit a confirmation letter from a financial institution in Cyprus that he/she has deposited a minimum capital of €30 000 into an account, which will be pledged for a period of at least 3 years. It must be proved that the said amount has been transferred to Cyprus from abroad.

Minimum Annual Income Requirement

The applicant should prove that he/she has at his/her disposal a secure annual income of at least €30 000. This annual income should increase by €5000 for every dependent of his/her family (spouse & children) and by €8000 for every dependent parent or parent in law.

Property Investment Requirement

The applicant is required to purchase a residential property(ies) of a combined value of a minimum €300 000 (VAT is not included therein). The funds must be proven to have been transferred to Cyprus from abroad.

Clean criminal record

The applicant and his spouse must submit a confirmation of a clean criminal records from their country of residence or from Cyprus, in case they are residents of the Republic.

Procedure and Timeframe

Provided the criteria of the application are satisfied and there are no reasons with regard to either the criminal record of the applicant or to public order and public security issues, the application, shall be examined by the Minister of Interior in a positive manner and an Immigration Permit shall be issued.

The procedure for the examination shall not exceed 2 months from the date of submission of a complete application.

Apply forCyprus Permanent Residency

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