The Cyprus Permanent Residence Programme (“PR Programme”) offers eligible individuals and their families the opportunity to obtain a permanent Residence Permit to reside indefinitely in Cyprus.
Requirements – Cyprus PR
- Invest at least EUR 300,000 in real estate properties located in Cyprus
Provide evidence of a secured annual income of at least EUR 30,000 sourced from outside Cyprus - Additional secured income requirements apply in case the dependent spouse, children, and parents are included in the application
- Visit Cyprus every 2 years (no minimum residency requirements)
Investment Options
- Residential Properties
- Purchasing up to 2 residential properties providing that the total value exceeds EUR 300,000 + VAT (19%)
- Residential & Commercial Properties
- Purchasing a residential property plus a commercial unit space up to 250 sqm providing that the total value exceeds EUR 300,000 + VAT (19%)
Process
- Applicant must travel to Cyprus to provide biometrics
- Submit the completed application forms and required documents
- The Civil Registry and Migration Department of Cyprus will grant successful applicants with the Cypriot Permanent Residence status
- Processing time: 2 months
Benefits – Cyprus PR
- Direct access to Permanent Residence in Cyprus
- Dependents included:
- Spouse
- Children under 25
- EU Member
- Right to live and study in Cyprus
- Cyprus Permanent Resident may be granted Multiple-Entry Schengen visa valid for up to 5 years
- Pathway to obtaining Cypriot citizenship after 7 years of residence in Cyprus
- No language requirements
- No education or management experience required
