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Cyprus Permanent Residency

Cyprus Permanent Residency offers a pathway to EU residency and visa-free travel throughout the Schengen Area. With a minimum €300,000 investment in real estate, shares, or funds, you and your family can qualify. After five years of residency, you may be eligible to apply for Cypriot citizenship.

Cyprus Permanent Residency Benefits

Residency and Family Inclusion

  • Direct access to Permanent Residence in Cyprus.
  • EU Member.
  • No language requirements.
  • No education or management experience required.

Dependents include:

  • Spouse.
  • Dependent children up to 25 years old

Travel and Quality of Life

  • Right to live and study in Cyprus.
  • Permanent residency in Cyprus may be granted Multiple-Entry Schengen visa valid for up to 5 years.

Ease of Access

  • Pathway to apply for Cyprus (EU) citizenship after an aggregate total of 5 years of permanent residency in cyprus within an 8-year period.
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Cyprus Permanent Residency Requirements

  • Invest at least EUR 300,000 in real estate properties located in Cyprus.
  • Provide evidence of a secured annual income of at least EUR 50,000 sourced from outside Cyprus.
  • Additional secured income requirements apply in case the dependent spouse, children, and parents are included in the application.
  • Clear criminal record, good health.
  • Visit Cyprus every 2 years (no minimum residency requirements).

Cyprus Residency Investment Visa Options

The New House Or Apartment Option

Investment in a new house/apartment with a minimum total value of €300.000 plus tax.

The Commercial Real Estate Option

Investment in commercial real estate new or resale (excluding houses/apartments with a minimum total value of €300.000.

The Share Capital Option

Investment of 300,000 EUR in the share capital of a Cyprus Company with activities and staff in Cyprus.

The Collective Investment Option

Investment 300,000 EUR in units of a Cyprus Collective Investment Organization (type AIF, AIFLNP, RAIF).

cyprus pr process

Processing time 6-9 Months

Due Diligence And Application

Applicant must travel to Cyprus to provide biometrics.

Approval And Investment

Submit the completed application forms and required documents.

Residency

The Civil Registry and Migration Department of Cyprus will grant successful applicants with the Cypriot Permanent Residence status.

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Frequently Asked Questions

What is the Cyprus Permanent Residence Program?

The Cyprus Permanent Residence Program (PR Program) offers eligible individuals and their families the opportunity to obtain a permanent residence permit upon making a qualifying investment in Cyprus.

What are the investment categories for the permanent residency in Cyprus?

Qualifying investments for the Cyprus PR program include purchasing up to 2 new residential properties, purchasing up to 2 new or used non-residential properties, investing in the share capital of a physical company in Cyprus, or investing in units of a Cyprus Collective Investment Organization.

Who is eligible to apply for residency under the Cyprus Permanent Residence Program?

Applicants must be over 18, have a clean criminal record, and invest in qualifying options to be eligible for Cyprus residency.

Who qualifies as a dependent on the Cyprus permanent residency application?

Dependents are eligible for inclusion in the residency application are the spouse, children under 18, or up to 25 if they are full-time students.

What are the benefits of obtaining Cyprus permanent residency?

Cyprus residency offers indefinite living rights, access to healthcare and education, and potential for Cyprus (EU) citizenship after 7 years, under certain conditions.

What is the typical processing time for a residency application in Cyprus?

The processing time of the PR in Cyprus is approximately 6-9 months.

Is travel to or residence in Cyprus required as part of the Cyprus permanent residency application process?

Applicants must travel to Cyprus at least once for biometric data collection and visit every 2 years to maintain their residency permit.

Do applicants need to disclose the source of funds for their Cyprus permanent residency application?

Applicants must demonstrate financial capability to invest in Cyprus, with documentation varying based on the source of investment funds.

Can I sponsor my non-EU spouse or child for a Cyprus PR?

The main applicant can sponsor their legally married spouse and dependent children for Cyprus residency, with conditions for older children dependent on their student status.

Does Cyprus have a citizenship-by-investment program?

No, there is no longer a Cypriot citizenship by investment program available. The program was suspended in November 2020

However, Cyprus does offer a permanent residency program with a fast-track option for those who consider buying  properties in cyprus. This program grants residency, not citizenship, but it can be a stepping stone to eventual citizenship through the standard naturalization process.

Does Cyprus give citizenship by descent?

Yes, Cyprus offers citizenship by descent through a streamlined process for individuals with Cypriot lineage. Applicants must have at least one Cypriot parent and provide documents like the parent’s passport and birth certificate. The application is processed by the Directorate of Civil Registry and takes about 2.5 years on average.