Investment requirements

The investor has to buy a real estate of minimum EUR 300,000 plus VAT to be eligible for Cyprus Permanent Residency.

Other Requirements for the Program:

The applicant must maintain a fixed deposit of amount EUR 30,000 with a Cypriot bank, where the amount must be sourced from outside. This fixed deposit has to be maintained for a period of 3 years. After the expiration of the requisite term, the amount is returned to the applicant.
The applicant has to deliver additional document showing a secured annual income of at least EUR 30,000 which is generated outside Cyprus. However, this income increases with additional dependents.
The applicant has to visit Cyprus every two years to maintain his permanent residency status.

Family Coverage

The dependents of the applicant including spouse, children up to the age of 25, and parents are also
eligible to obtain the Cyprus Permanent Resident status.

Processing time

The application is swiftly processed and usually takes around 2-3 months for getting approved under the premium processing option.

Benefits of the Cyprus Residency Program

Looking at the current developments, Cyprus offers a promising economic future. The low cost of doing business and wider access to markets can enable the investor to start a business plan of his own in Cyprus.

The investor is granted the Permanent Resident status for life.

Children of the investor can be enrolled in remarkable educational institutions and can avail world class European schooling or can even go for higher studies.

It is not necessary for the investor to reside in Cyprus. The investor would just have to visit Cyprus once in every 2 years, along with his family.

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