Permanent Residency (PR) explained

Permanent Residency (PR) Explained

Fast-Track your way to Permanent Residency! The Ministry of Interior announced that Non-EU Citizens who purchase property in Cyprus can obtain a Permanent Permit within 3 months

• Purchase a property of a minimum value of €300,000 plus Vat.  Can apply only when €200,000 has been paid. Funds must be transferred from abroad.
• Deposit of €30,000 pledged for at least 3 years in a bank in Cyprus.
• Prove a minimum annual income of €30,000 per applicant. The amount increases by €5,000 for each dependant.
• Dependant children up to the of 25 who are students may obtain Permanent Residence for life.
• Submit a statement confirming they will not be employed in Cyprus. The applicant is allowed to be a shareholder of a Cyprus company and earn dividends.
• Visit Cyprus at least once every two years.

• • Money for the acquisition of real estate must come from abroad through legal sources
  • Applicants must have evidence of sufficient income from abroad
  • Applicants must have a clean criminal record
  • Download Residency PDF
  • Download Detailed Residency PDF