Cyprus Permanent Residence Program

Individuals who are interested in obtaining an immigration permit for Cyprus from abroad are eligible to apply if they meet the following requirements:

Basic Eligibility Requirements

  • Have a clean medical record.
  • Should not have any intention to work in the country.

Financial Eligibility Requirements

  • The applicant should deposit a minimum amount of EUR 30,000 in a Cypriot financial institution.
  • Have a secure annual income (can be combined with spouse) of at least EUR 30,000 transferred to a bank account in Cyprus from abroad. This annual income should increase by EUR 5,000 for every dependent person (children under the age of 18).
  • The applicant and/or his spouse should purchase a property or other buildings:

1. Two residences (apartments or houses), OR;
2. A residence and a shop, OR;
3. A residence and an office.

The property purchased should worth at least EUR 300,000 (excluding VAT).