CYPRUS RESIDENCY PROGRAM

Cyprus is an attractive place to reside, with a warm and stable climate and a convenient geographical position in the eastern Mediterranean.

The fast-track (Category F) permanent residence permit has been introduced by a Council of Minister’s decision in May 2013. This procedure (based on the provisions of Regulation 6(2) of the Aliens and Immigration Regulations), enables the granting of a permanent residence permit to foreigners who intend to invest in the Republic provided that the following requirements are met:

ADVANTAGES

  • Member of European Union (EU)
  • Application included spouse, and all dependent children up to 18 years old
  • The 5th safest living country in the world
  • Permanent Resident card allow freely travel to all EU countries
  • Condition to apply for citizenship after 5 years

REQUIREMENTS

  • Investment in a residential property at minimum €300,000
  • Minimum annual income from oversea at €30,000 plus €5,000 per year for each dependent
  • Deposit account at least €30,000 in a Cyprus bank
  • Can not be employ in Cyprus
  • Clean criminal record
  • Good health
  • Minimum Medical Insurance cover
  • Processing time within 2 months
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  • Government: Unitary presidential constitutional republic
  • Capital: Nicosia
  • Official languages:  English
  • Area: 9251 km2
  • Population: 1.189.197
  • Time zone: EET (UTC+2); EEST(UTC+3)
  • GDP: 27.42 billion USD (2014)
  • Currency: EURO
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