Cyprus Residency

Permanent Residency Permit 

Non-EU citizens who purchase a property can benefit from the new and accelerated procedure for obtaining a  Permanent Residency Permit. 

  • Application StepsSubmit the application supplemented with a title deed or contract of sale for a property obtained in Cyprus, valued as €300.000 and with proof of payment for at least €200.000.
  • Prove that they have at their disposal a minimum annual income of €30.000 transferred from overseas. The amount requirement increases by €5.000 for each dependant.
  • Submit a letter from a Cypriot Bank confirming they have deposited an amount of minimum €30.000, to be deposited in the account for 3 consecutive years. The amount should be sourced from overseas. The amount must be transferred to Cyprus from abroad.
  • Submit a clean criminal record certificate issued by the Authorities of their country of origin.Submit a statement confirming they will not be working or be engaged in any form of business in Cyprus.
  • Visit Cyprus at least once every two years. Provided that the criteria described above are fulfilled, the application shall be examined by the Minister of the Interior and the permit shall be granted within 1-2 months. Contact us to find out how we can assist you in the process of gaining your residency permit.