Cyprus Permanent Residence
Cyprus, an EU member state, offers one of the most attractive immigration-by-investment programs in Europe. The government has recently updated its programs, making the process simpler and more cost-effective, providing greater incentives for foreign investors to invest in Cyprus and obtain European Permanent Residency for themselves and their families.
“Fast Track” & “Slow Track” Options Available
The Cyprus Permanent Residence Program is one of the fastest and most reliable routes to securing European residency through real estate investment. The fast-track option grants a residence permit within 2–3 months with the purchase of a new residential property valued at a minimum of €300,000. Alternatively, the standard (slow-track) option allows investors to obtain residency within 6–9 months by purchasing any property new or resale with an average value of €150,000.
Fast-track Residency
• All nationalities accepted
• Buy a property minimum €300,000 + VAT
• Granted to the whole family
• Issued within 2 months
• Visit Cyprus every 2 years
• Valid for life
• Easy access to Europe
• European passport in 7 years
• All nationalities accepted
• Buy a property minimum €300,000 + VAT
• Granted to the whole family
• Issued within 2 months
• Visit Cyprus every 2 years
• Valid for life
• Easy access to Europe
• European passport in 7 years
PROCEDURE
An improved, streamlined, and faster procedure has been introduced by the Ministry of Interior of Cyprus for the Permanent Residence Program. Applications are assessed efficiently, and the residence permit is granted once all required criteria are satisfied. The overall process typically takes around 2–3 months.
COMPLIANCE WITH CRITERIA (Approx. 2 Weeks)
The applicant purchases a new residential property with a minimum value of €300,000 + VAT, demonstrates a secured annual income, and deposits €30,000 into a Cyprus bank account, which is held for a period of 3 years.
PREPARATION & SUBMISSION (Approx. 1 Week)
All necessary information, supporting documents, and the complete application file are prepared and submitted to the Civil Registry and Migration Department.
PROCESSING (Approx. 4–8 Weeks)
The application is reviewed and evaluated by the Civil Registry, the Migration Department, and the Ministry of Interior.
ISSUANCE OF PERMANENT RESIDENCE PERMIT
Once approved, the Permanent Residence Permit is issued to the applicant and eligible family members.
