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Newsletter

Cypriot Investment Scheme
Repossession Property Yield Properties

Latest news

  • 9 July 2020 Cabinet extends town planning incentives

    THE CABINET on Wednesday decided to extend existing town planning incentives... read more

  • 23 June 2020 Historic deal allows property development in British Bases

    CYPRIOTS who own land in non-military areas inside the British Bases will be... read more

  • 9 June 2020 Cyprus beaches have the best water quality in the EU

    Cyprus had the highest proportion of bathing sites with excellent water... read more

  • 28 May 2020 Coronavirus Anastasiades outlines millions to be pumped into the economy updated

    Fortunately, the government is proceeding with helpful measures in order for... read more

  • 26 May 2020 The elite are snapping up pandemic passports so they can escape to safer countries

    Millionaires are looking to escape to a safe country with good medical... read more

Cypriot Investment Scheme
Repossession Property Yield Properties

Latest news

  • 9 July 2020 Cabinet extends town planning incentives

    THE CABINET on Wednesday decided to extend existing town planning incentives... read more

  • 23 June 2020 Historic deal allows property development in British Bases

    CYPRIOTS who own land in non-military areas inside the British Bases will be... read more

  • 9 June 2020 Cyprus beaches have the best water quality in the EU

    Cyprus had the highest proportion of bathing sites with excellent water... read more

  • 28 May 2020 Coronavirus Anastasiades outlines millions to be pumped into the economy updated

    Fortunately, the government is proceeding with helpful measures in order for... read more

  • 26 May 2020 The elite are snapping up pandemic passports so they can escape to safer countries

    Millionaires are looking to escape to a safe country with good medical... read more

Permanent Residence Permit

Permanent residency in Cyprus

The Cyprus residence permit under the Cyprus law of immigration regulations combines a fast process and simple criteria with no nationality restrictions.

When the permanent residence permit is issued it is valid forever with no renewal needed.

The permanent residence permit applies to:

  • The applicant
  • The spouse
  • Unmarried dependent children of the applicant up to the age of 25 years old
  • The applicant’s parents and parents in law
  • Permanent residence holder can apply for Cyprus EU passport after 7 years

Requirements to obtain the Cyprus’ permanent residence:

  1. Purchase of new property with a minimum value of 300000 euro (excluding VAT)
  2. Fixed deposit of 30000 euro in a Cyprus bank account for 3 years
  3. Annual income from abroad of 30000 euro plus 5000 euro per dependent person, plus 8000 euro per parent and parent in law
  4. Declaration that the applicant and the dependents will not work in a Cypriot company unless they have their own company.
  5. Clear criminal record certificate for the applicant and the dependents over 16 years old

The time needed to examine the application is around 2 months.