Obtaining Cyprus residence permit
The Cypriot Government introduced on 24 May 2013 amended criteria and conditions for Cyprus Permanent Residency permits and Cyprus Citizenship to foreign investors in an effort to promote foreign investments to Cyprus.
Cyprus residence permit privileges
Residence permit requirements and conditions
NORMAL METHOD
Application reviewed within 12 months.
- Purchase a property located in Cyprus of at least €300,000 + VAT, of which 30% should be paid prior to the application
- Proof of adequate funds to live a comfortable life in Cyprus.
FAST TRACK
Application reviewed within 2 months.
- Purchase a property located in Cyprus of at least €300,000 + VAT, of which €200,000 should be paid prior to the application
- Deposit a minimum €30,000 in a Cyprus Bank account for at least 3 years.
OTHER REQUIREMENTS
- Certified copy of the valid passport of the applicant.
- Curriculum Vitae – CV (including academic qualifications).
- Declaration of a secured annual income from abroad of at least €30,000. The necessary annual income is increased by €5,000 for each dependent.
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