Frequently Asked Questions
What is Permanent Residency by Investment in Cyprus?
It’s a program allowing non-EU nationals to gain permanent residency by investing in the Cyprus economy, typically through real estate or business investment
Who is eligible for the Cyprus Permanent Residency by Investment program?
Non-EU nationals with a clean criminal record, no prior immigration bans to the EU, and sufficient financial resources are eligible
What are the main criteria for this residency program?
Investors must purchase property or invest in businesses totaling at least €300,000, prove a stable income of €30,000 annually, and deposit €30,000 in a Cypriot bank for three years
Can family members also gain residency?
Yes, spouses, dependent children under 18, and financially dependent adult children up to 25 years old can be included under one application
What types of investments qualify for the residency program?
Investments can include purchasing new residential properties, commercial properties, shares in Cypriot companies, or units in Cyprus-based collective investment funds
How long does the application process take?
The process usually takes about two months from the submission of all required documents
Is there a minimum stay requirement?
Residents must visit Cyprus at least once every two years to maintain their status
Can the investment be financed through a loan?
No, the investment must be made with funds transferred from abroad and cannot be financed through a loan within Cyprus
What documentation is required for the application?
Required documents include a valid passport, proof of income, a clean criminal record, a title of ownership or rental agreement in Cyprus, and a bank deposit proof
Are there any restrictions on the types of property purchased?
Investments must be in new properties or developments, as resale properties do not qualify for the fast-track residency program