WHAT IS THE CYPRUS PERMANENT RESIDENCY PROGRAMME?

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