Cyprus Permanent Residence by Investment: Regulation 6(2)

Cyprus Regulation 6(2) is an expedited permanent-residence policy for qualifying third-country investors. It grants an immigration permit, not EU citizenship, and every investment, income, family and maintenance condition must be proved independently.

Four eligible investment categories

The current policy requires at least EUR 300,000, excluding VAT where applicable, in one of four categories:

1. first-sale house or apartment purchased from a developer;
2. other qualifying real estate, including commercial property;
3. share capital in a qualifying Cyprus company with physical presence, activity and at least five employees; or
4. units in a qualifying Cyprus collective investment undertaking.

New residential property is therefore only one route. The investment and payment evidence must satisfy the category-specific policy.

Secured income

The baseline is EUR 50,000 annual secured income for the applicant, increased by EUR 15,000 for a spouse and EUR 10,000 for each dependent child. For first-sale residential investment the income must come from abroad; other categories permit the broader sources stated in the current policy. Tax returns or other independent evidence and source-of-funds documents are required.

Personal and family evidence

The current file includes criminal-record, insurance, family, accommodation, source-of-funds and declaration evidence. Adult children and parents are not covered by a single universal rule; use the exact dependant category and investment attribution required by the current policy.

Work and company roles

There is no general right to take employment in Cyprus. The current policy has limited category-specific rules: the company-share-capital route can support employment as directors of that company; for other investment categories the applicant and spouse may be shareholders and hold an unpaid directorship. These rules do not authorise unrelated employment or services.

Status, card and maintenance

The immigration status is of unlimited duration while its conditions continue. The residence card is issued for ten years and replaced on expiry. Absence from Cyprus for two years can terminate the permit. The qualifying investment and periodic compliance evidence must be maintained.

Processing

The policy publishes an estimated examination period of about two months for a complete application. This is not an approval guarantee or a promise that investment due diligence, document preparation, biometrics and card delivery will all be completed in that time.

Tax and citizenship

The permit does not make the holder Cyprus tax resident or non-domiciled. Those are separate tax tests. It also does not buy or guarantee citizenship. M127 naturalisation requires physical residence for the final 12-month period subject to up to 90 days' total absence, plus at least seven years accumulated within the preceding ten years and every other statutory condition.