About the Program
Permanent Residency status in Cyprus can be obtained through the Permanent Residency Programme.
Cyprus has recently expanded the types of qualifying investments for non-EU nationals to obtain PR status under the ‘fast-track’ route from residential real estate to include commercial real estate.
Residential and commercial real estate are both types of investments which qualify for permanent residency
Criteria Overview
- Purchase a property at a minimum value of €300.000 +VAT
- An income certificate is required
- A clear criminal record is required
- A Certificate of Health Insurance is required
- Proof that funds came to Cyprus from abroad
- Parents of main applicant and his or her spouse are also eligible to apply
Cyprus Permanent Residency can be obtained with a purchase of a property at a minimum value of €300.000 + VAT
Time Frame
Once all the documents are ready, the application will be submitted to the Civil Registry and Migration Department.
Applications are typically approved within 2-3 months. Once approval has been granted, the applicant and family members must visit Cyprus within one year to receive the permit.