Permanent Residency

Investment Criteria

Fast track Residence Permit may be obtained through a secure property investment, the financial criteria are as follows:

  • The Purchase Price must be at least 300,000 Euro (not including VAT) sold for the first time.
  • At least 300,000 Euro (not including VAT) should be paid to the Vendor.
  • Proofs of transfer of 300,000 Euro (not including VAT) from abroad must be provided.
  • The applicant should also have a deposit of €50.000 pledged in a bank account in Cyprus for every year following the permit.
  • The applicant should prove that has at disposal a secure annual income of at least €50.000.

Application Criteria

In addition to make a financial investment applicants must also meet the following criteria/supply the following documents:

  • Passport
  • Curriculum Vitae
  • Children’s Birth certificates
  • Police clearance certificate from country of origin
  • Marriage certificate (if applicable)
  • Official Statements by the applicant and his/her spouse that they do not intent to undertake any sort of employment in Cyprus.
  • Health Insurance Policy for the applicant and his/her dependents.

Fast & easy process

Residence permit is issued within 2-3 months.

Permanent validity

Cyprus residence permit has life-long validity. No renewals needed.

Granted to all family members

Residence permit is granted to the applicant, the spouse & children up to 18.

Zero days

No requirement to stay in Cyprus other than to visit the island once every two years.

The Process

1

Applicant must gather all necessary papers required for application. The documents must be officially translated into Greek or English and certified with apostille (if in a country which has signed the Hague Convention of 1961) or stamped by the Ministry of Foreign Affairs and relevant Cyprus Embassy.

2

Selected property/ies (through visit to Cyprus or via correspondence). Sign purchase agreement and transfer funds to a secure account. Receipt issued by developer, which is required for application.

3

Payment of submission fee €500 for the applicant.

4

Application lodged, together with the property purchase agreement and all required documents, at the Civil Registry and Migration Department (CRMD).

5

Fast Track Residence Permit form CRMD within a 3 month period.

6

Applicants must visit Cyprus after receiving approval to provide authorities with their Biometric Data and to collect their Residence Permit Cards.

7

The Immigration Permit issued to an applicant covers his/her spouse and children under the age of 18.

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