Cyprus Permanent Residence Program

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).