Cyprus
Cyprus offers permanent residence to eligible investors and their families through qualifying investments in property, companies or funds.
Explore the programCyprus - ResidencyProgram overview
Cyprus offers permanent residence to eligible investors and their families through qualifying investments in property, companies or funds.
- Minimum investment
- โฌ300,000
- Investment routes
- Residential property ยท Other real estate ยท Cyprus company shares ยท Eligible Cyprus investment funds
Review the official program criteria for current requirements and fees.
Check the official program detailsCyprus - ResidencyLegal framework
Regulation 6(2) of the Aliens and Immigration Regulations provides an expedited immigration permit route for eligible third-country investors.
Applicants must show that the investment funds came from abroad. To retain the permit, keep the qualifying investment or immediately replace it with an eligible investment of equal or greater value.
Cyprus - ResidencyProgram benefits
Permanent residence
Eligible investors can obtain permanent residence in Cyprus. Permit cards have separate validity and renewal requirements.
Family applications
A spouse and minor children can be included. Eligible unmarried students aged 18 to 25 may apply separately under the applicable conditions.
Investment choices
Choose qualifying residential or other real estate, shares in an eligible Cyprus company, or units in an eligible Cyprus investment fund.
Cyprus - ResidencyApplication process
Preparation and consultation
Review the program criteria with I Visa Services and gather identity documents, income evidence and other supporting records.
Investment and documentation
Choose an eligible investment, arrange the transfer of funds from abroad and collect the transaction records for the application.
Submission and decision
Submit the application and supporting documents to the Migration Department. If approved, complete the steps for issuing residence cards.
Cyprus - ResidencyEligibility requirements
Qualifying investment
Invest at least โฌ300,000 in an eligible route. VAT applies to property purchases where required.
Secured annual income
Show at least โฌ50,000 a year, plus โฌ15,000 for a spouse and โฌ10,000 per dependent minor child. The permitted income sources depend on the investment route.
Supporting requirements
Provide the applicable criminal record certificates, health coverage evidence and proof of accommodation.
Required documents
Personal and family documents
- Valid passports
- Marriage and birth certificates where applicable
- Required criminal record certificates
- Health insurance evidence where applicable
- Proof of accommodation in Cyprus
Investor documents
- Form MIP2 and applicable declarations
- Evidence of secured annual income
- Proof of funds transferred from abroad
- Investment agreement, receipts and ownership or subscription evidence
Cyprus - ResidencyFrequently asked questions
Can I work in Cyprus on this permit?
Employment is generally restricted. A limited exception may apply to serving as a director of the company in which the qualifying investment was made.
Can the permit lapse?
The permit can cease to be valid after two years of absence from Cyprus. It can also be cancelled if the qualifying investment is disposed of without immediate eligible replacement.
Does residency grant citizenship?
This route grants residence in Cyprus. Citizenship has a separate naturalization process with its own requirements.
What fees should I plan for?
In addition to the qualifying investment and applicable taxes, the Migration Department lists a โฌ500 application fee and a โฌ70 registration fee per person who does not already have an Alien Registration Certificate.