Residency

Cyprus Residency by Investment:

All third country nationals who meet the criteria and terms set out in the scheme are eligible for acquiring an Immigration Permit for Cyprus.

Financial Criteria:

A non-Cypriot citizen, who meets the following criteria may apply for the acquisition of an Immigration Permit:
• Deposit minimum capital of €30.000 into a bank account in Cyprus, which will be pledged for a period of at least three years
• Provide evidence of a secure annual income of at least €30.000 (+€5.000 for every dependent person – spouse and children – and +€8.000 for every dependent parent or parent-in-law)
• Purchase residential real estate of total market value of at least €300.000 (+VAT). Payment receipts submitted with the application should amount to at least €200.000 (+VAT) Other

Terms and Conditions:

• The Immigration Permit does not allow the undertaking of any form of employment in Cyprus
• Holders of an Immigration Permit must visit Cyprus once every two years
Family Members:
• Spouse and financially dependent children: Immigration Permits are also issued for the investor’s spouse and all financially dependent children (up to 18 years old – or between 18 and 25, provided that they are not married, students), upon payment of the relevant fee
• Parents/ Parents in Law: The applicant’s parents may also be granted an Immigration Permit with the submission of an application and payment of the relevant fee
• Non-financially dependent children: An Immigration Permit may also be granted to non-financially dependent children of the applicant over the age of 18, provided that the market value of the acquired real estate attributed to each child is at least €300.000 (+VAT)