Permanent Residence Permit in Cyprus

A simplified and fast-track procedure for obtaining a permanent residence permit in Cyprus, is only provided for buyers of new properties of the value at least €300,000 excluding VAT.

Application Criteria for Cyprus permanent residency

In addition to make a financial investment applicants must also meet the following criteria/supply the following documents:


Curriculum Vitae

Children’s Birth certificates

Police clearance certificate from country of origin

Marriage certificate (if applicable)

Official Statements by the applicant and his/her spouse that they do not intent to undertake any sort of employment in Cyprus.

Health Insurance Policy for the applicant and his/her dependents

Investment Criteria for permanent residency in cyprus

Fast track Cyprus Residence Permit may be obtained through a secure property investment, the financial criteria are as follows:

  • The Purchase Price must be at least 300,000 Euro (not including VAT) sold for the first time.
  • At least 200,000 Euro (not including VAT) should be paid to the Vendor.
  • Proofs of transfer of 200,000 Euro (not including VAT) from abroad must be provided.
  • The applicant should also have a deposit of €30.000 pledged in a bank account in Cyprus for 3 years.
  • The applicant should prove that has at disposal a secure annual income of at least €30.000.

Major Benefits for cyprus permanent residency


Residence permit is issued within 2-3 months.


Cyprus residence permit has life-long validity. No renewals needed.


Residence permit is granted to the applicant, the spouse and children up to the age of 18.


No requirement to stay in Cyprus other than to visit the island once every two years.