Main Requirements of the Residence Permit Program

Cyprus offers a residence permit program for investors purchasing property on the island. This opportunity is confirmed by official government sources and regulated by the Civil Registry and Migration Department of Cyprus.

  • Investment: purchase of new residential or commercial property valued at €300,000 or more (plus VAT).
  • Income: applicant must demonstrate an annual income from abroad of at least €50,000, plus €15,000 for a spouse and €10,000 for each child.
  • Documents: proof of funds origin, transfer of funds to a Cypriot bank account, police clearance certificate, health insurance, and other required documents.

Who is Eligible?

This program targets foreign investors and their families who want legal residency in Cyprus without mandatory permanent stay. The residence permit is permanent, with a requirement to visit Cyprus at least once every two years.

Outlook and Additional Information

After 7 years of residence under this permit, investors may apply for Cypriot citizenship. Cyprus is actively preparing to join the Schengen Area, which will make living and traveling easier for residents.