Cyprus Residency by Investment

EU Residency for UK Nationals

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Cyprus Permanent Residency by Investment

Discover the Investment Programs in Cyprus

The Cyprus is an attractive place in which to reside, has a warm and stable climate, and is located in a convenient geographical position in the Eastern Mediterranean.

Cyprus Residency by Investment Program enables foreign investors to obtain a Cypriot permanent residence permit (PRP) in just 2 months through a property purchase from €300,000 (plus VAT). The property should be a first-time sale and may comprise of up to two housing units which must be purchased from the same developer.

Benefits of Cyprus Residency by Investments

The Residency by Investment Program in Cyprus offers these specific benefits:
FAST TRACK: The application procedure is highly efficient, within two months.
You and your family may permanently reside in Cyprus, including your parents and dependent children up to the age of 25
There is a high approval rate if all criteria are satisfied
Permanent Residency status will never expire and does not require renewal
As a Permanent Resident of Cyprus, traveling throughout the EU is easy. Permanent residency holders can obtain a Schengen Visa within one week.
As a Permanent Resident, you are exempt from immigration procedures upon entering Cyprus
Cyprus has a high standard of living, excellent infrastructure, medical facilities and a favorable Tax System
Cyprus’ well-known British elementary and high schools have very high standards with excellent connections to overseas universities
There are many Investment Opportunities in Cyprus, and you may own a Business and receive Dividends

Cyprus Investment Residency Requirements and Eligibility

You must own a residential property in Cyprus with a minimum market value of €300,000, plus Value Added Tax
You must have a minimum annual income originating from outside Cyprus of €30,000, as employment in Cyprus is forbidden
For your spouse and each dependent child, add €5000 to the minimum annual income
You must have a bank account with a Cyprus Bank and a minimum deposit of €30,000, pledged to remain on deposit for three consecutive years
You must have a valid passport from your country of origin
You must attest in a statement that you have no intention to work or be engaged in active business (NOTE: You may own a business and receive dividends)
You must purchase personal insurance of approximately €185 per person per year
You and any family members over the age of 16 years must provide non-criminal records from your country of residence
You must be a person not sanctioned by the EU

Procedures and time frame

A fee of EUR 500 is payable with the submission of the application and EUR 50 extra for biometric capturing. The application will then be examined by the Civil Registry and Migration Department and will be submitted to a permanent secretary of the Ministry of Interior, who will make a decision within two months. Once approval has been granted, the applicant and all the members of the family must visit Cyprus within one year to obtain the actual permit.
When in Cyprus, a visit is organized to the migration office in Nicosia in order to capture the biometric data for all members of the family applying. The biometric data can be submitted either with the submission of the application for residence, during the application process, or immediately after approval.