Cyprus Permanent Residency by Investment

Straightforward and fast permanent residency program in Cyprus for investors.

Program Quick Facts

Investment Amount

€300,000

Fees and Expenses

From €18,000

Income Requirement

€40,000/year

Residency (Visa) Length

Permanent

Time to Obtain

6-12 months

Complexity

Moderate

Non-EU nationals can obtain Cyprus Permanent Residency in 5-9 months.

The required investment amount is €300,000, with additional fees, including government and legal fees, totaling approximately €18,000 with some minor additions for family members.

An annual income of €50,000 is required to meet the eligibility criteria for the program. The annual income increases with family members by €15,000 per family member.

Restrictions include a prohibition on employment within Cyprus and ineligibility for EU citizens.

To maintain the visa, applicants must provide proof of a clean criminal record every three years and valid health insurance (unless they benefit from Gesy).

Citizenship eligibility requires seven years of continuous residency (2555 days total).

Dependents are included in the application. One visit to the immigration office is required, but the process can be initiated remotely.

The program operates under the legal framework of Regulation 6(2) of the Aliens and Immigration Regulations.

Who can apply for Cyprus PR by Investment?

Eligibility and requirements for the main applicant and family members.

Main Applicant Requirements

  • Must be 18 years of age or older Non-EU Citizen.
  • Have no history of criminal convictions or legal bans affecting entry to EU countries or the UK
  • Must not be subject to international sanctions
  • Demonstrate a strong personal and professional reputation
  • Provide proof of an annual legal income of €50,000 or more
  • Own or lease a residence in Cyprus
  • Submit a medical report
  • Hold valid health insurance

Program Options, Fees and Requirements

Option 1: Residential Property Purchase

Invest in new residential property worth €300,000 plus VAT to qualify for residency. The standard VAT rate is 19%, although for first properties you can get a reduced 5% rate.

Feature: Most PopularFeature: Fastest

Requirements:

Investment Amount

Investment in new residential property worth €300,000 or more.

Amount: €300,000

Fees:

VAT

5% VAT on the total investment if it's your first property in Cyprus.

Amount: 5%

Legal Services

1% of the transaction amount for legal services.

Amount: 1%

Registration Fee

Fixed fee for residency registration.

Amount: €70

Immigration Department Fee

Fixed fee for residency registration.

Amount: €500

Residency Card Fee

Fixed fee for residency registration.

Amount: €70

Option 2: Commercial Property Purchase

Invest in new commercial property worth €300,000 plus VAT to qualify for residency. The standard VAT rate is 19%, and it can be reduced to 0% if investing through a company.

Requirements:

Investment Amount

Investment in new commercial property worth €300,000 or more.

Amount: €300,000

Fees:

VAT

19% VAT or 0% if bought with a company.

Amount: 19%

Legal Services

1% of the transaction amount for legal services.

Amount: 1%

Registration Fee

Fixed fee for residency registration.

Amount: €70

Immigration Department Fee

Fixed fee for residency registration.

Amount: €500

Residency Card Fee

Fixed fee for residency registration.

Amount: €70

Option 3: Shares in Cyprus-Based Companies

Invest in shares of Cypriot companies to qualify for residency. The investment must meet the qualifying threshold set by the government.

Requirements:

Investment Amount

Investment of €300,000 in shares of Cypriot companies.

Amount: €300,000

Fees:

Legal Services

1% of the investment amount for legal services.

Amount: 1%

Registration Fee

Fixed fee for residency registration.

Amount: €70

Residency Card Fee

Fixed fee for issuing a residency card.

Amount: €70

Option 4: Purchase of Securities

Invest in Cyprus-based investment funds to qualify for residency. The investment must meet the qualifying threshold set by the government.

Requirements:

Investment Amount

Investment of €300,000 in Cyprus-based investment funds.

Amount: €300,000

Fees:

Legal Services

1% of the investment amount for legal services.

Amount: 1%

Registration Fee

Fixed fee for residency registration.

Amount: €70

Residency Card Fee

Fixed fee for issuing a residency card.

Amount: €70

Invest in new residential property worth €300,000 plus VAT to qualify for residency. The standard VAT rate is 19%, although for first properties you can get a reduced 5% rate.

Main Applicant
Spouse
(additional)
Child
(additional)
Requirements
Investment Amount
€300,000€0€0
Fees and Expenses
VAT
5% of investment
0% of investment
0% of investment
Legal Services
1% of investment
0% of investment
0% of investment
Registration Fee
€70
€70
€70
Immigration Department Fee
€500
€0
€0
Residency Card Fee
€70
€70
€70
Total Cost
€318,640
for main applicant
€318,780
for married couple
€318,920
for family of 3
* Items marked with an asterisk are not included in the total cost calculation

Benefits & Restrictions

Benefits

Restrictions and Drawbacks

Warm climate

Enjoy a Mediterranean climate with mild winters and long, warm summers, making Cyprus an ideal location for those seeking a relaxed lifestyle year-round.

Not allowed to work in the country

Permanent residency holders are not permitted to work in Cyprus, ensuring the program is ideal for investors and retirees rather than those seeking employment.

High quality of life

Cyprus offers a high standard of living with modern infrastructure, excellent healthcare, and a safe environment, making it perfect for families and individuals looking to settle in a welcoming community.

Not available for EU citizens

This residency program is exclusive to non-EU citizens, providing unique benefits for investors outside the European Union.

Path to citizenship

Cyprus provides a pathway to citizenship after seven years, allowing residents to eventually obtain an EU passport, which offers visa-free travel and additional benefits.

No access to public health system

Residency holders are not eligible for Cyprus’s public healthcare, requiring private health insurance for medical coverage.

No residency requirement

With no annual residency requirement, this program offers true flexibility, allowing you to maintain your status without needing to spend extensive time in Cyprus.

Family members included

The residency extends to family members, covering spouses and dependents, ensuring that the whole family can enjoy the advantages of living in Cyprus together.

Low tax jurisdiction

Cyprus is known for its favorable tax regime, with low income and corporate taxes, making it attractive for investors and businesses seeking tax efficiency.

No capital gains tax

Cyprus does not impose capital gains tax, a significant advantage for investors in real estate and other assets, allowing greater financial returns.

No dividend tax

With no tax on dividends, Cyprus supports wealth growth, making it appealing for investors who receive dividend income.

Low corporate tax

Boasting one of the lowest corporate tax rates in Europe, Cyprus is an attractive option for businesses seeking to optimize their tax liabilities.

PR by Investment vs other programs in Cyprus

CriteriaPermanent ResidencyCompanies of foreign interest>Visitors Visa>Yellow Slip>
Investment Amount€300,000€200,000€0€0
Residency TypePermanent ResidencyTemporary ResidencyTemporary ResidencyTemporary Residency
Application Fees€18,000€8,100€2,000€840
Annual Income Requirement€40,000€30,000€15,000€15,000
Annual Presence Requirement0 days183 days183 days0 days
Key Perks
Instant Permanent ResidencyNo Presence RequiredFast Tax Residency
Fast Tax Residency
Simple Setup
Simple SetupLow Cost Program
Ideal For
Investors
EntrepreneursInvestors
RetireesPerson of independent means
EU nationals

How to apply for PR by Investment - Timeline

1 day

Preliminary Due Diligence

A certified Anti-Money Laundering Officer reviews the applicant’s profile to identify potential obstacles to Cyprus residency.

Up to 2 weeks

Document Preparation

Lawyers assist the applicant in collecting, translating, and apostilling required documents, then send them to the local agent in Cyprus.

Up to several weeks

Fulfil Investment Conditions

The applicant purchases property, transferring €300,000 plus VAT to the developer, with legal support to verify and finalize the transaction.

1 day

Submit Application to Civil Registry and Migration Department

A representative submits the completed application on behalf of the applicant to Cyprus’s Civil Registry and Migration Department.

2-4 months

Obtain Cyprus Residence Card

Upon approval, the applicant and family visit Cyprus to submit biometric data, and permanent residence cards are issued in approximately 40 days.

Cyprus Taxation at a glance

Key Information

Taxation Type: Residence based

Special Regime: Non-Domiciled (Non-Dom) Regime

Normal Tax Residency: 183 days

Special Residency: 60 day rule

Income Tax Rate: 35

Dividend Tax
No
0 - Dividends are exempt for non-domiciled.
Capital Gains Tax
No
0 - dividends are exempt for non-domiciled.
Property Rental Income Tax
No
0 - Under non-dom, income arising from properties outside of Cyprus is exempt. Income from properties in Cyprus is taxed at a standard income tax rate.
Property Tax
No
Inheritance Tax
No
Wealth Tax
No
CFC Laws
No

Frequently Asked Questions

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