CYPRUS RESIDENCY

In 2012, the Government of the Republic of Cyprus introduced new legislation which enables non-EU citizens to obtain a Cyprus residence permit by investing in Cypriot property.

Cyprus Permanent Residency

  • Non European Citizens who are buying property for residency at a value of minimum €300,000 + vat are entitled to residency.
  • No need to reside in Cyprus.
  • Fast process (only two months).
  • Language examination is not required.
  • Ability to reside in Cyprus with no limitation.
  • Free education for children.
  • Ability to establish a business.
  • The right to apply for citizenship in due course.
  • The Residency can apply to the applicant/s (single or couple), their parents and to their children – 3 generations.

Requirements

  • Proof of a guaranteed annual income of €30,000 which is not sourced from employment in Cyprus, but rather from other sources. This annual income increases by €5,000 for each dependent family member and €8,000 for each dependent parent (of the applicant and/or his spouse.
  • Provision of a letter from a bank in Cyprus confirming that the applicant/s have deposited a minimum amount of €30,000 secured for a period of at least three years.
  • The applicant/s must provide proof confirming that they/he/she don’t have a criminal record/s.
  • Declare that he/she is not planning to work or be employed in Cyprus.