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What is the Cyprus Permanent Residence Program?
Cyprus Permanent Residence Permit under Regulation 6(2)
If you are looking for a secure, well-connected and business-friendly base in Europe, Cyprus offers an excellent, attractive option for non-EU nationals.
The Cyprus Permanent Residence Permit under Regulation 6(2) allows eligible applicants to obtain permanent residency in Cyprus through a qualifying investment. The minimum investment required is €300,000 plus VAT where applicable.
The process is relatively fast, straightforward and is suitable for individuals and families who wish to secure long-term residence in Cyprus without the need to relocate permanently.
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Advantages of the Cyprus Permanent Residence by Investment Program
Why Cyprus?
Cyprus combines a strategic location, EU membership, a stable legal system and a high quality of life.
As an EU and Eurozone country, Cyprus offers access to European markets while remaining closely connected to the Middle East, Asia and Africa. It is also a popular jurisdiction for international business, investment as well as family relocation.
Cyprus – key benefits
Cyprus offers a competitive tax environment, with a 15% corporate tax rate (as from 2026) and a range of incentives depending on the applicant’s tax residency and personal circumstances.
Investors may also benefit from opportunities in real estate, business ownership and regulated investment funds. Property investment may offer rental income and long-term capital appreciation.
Permanent residents may invest in Cyprus companies, hold shares and receive dividends. However, the permit does not allow salaried employment in Cyprus.
Quality of lifestyle
Cyprus offers an idyllic Mediterranean location and weather. Residents can enjoy the sunny climate, stunning beaches, rich history, wonderful cuisine, relaxed lifestyle and lively culture that Cyprus has to offer. Cyprus has been listed as a developed economy by the IMF since 2001 and the island ranks among the top countries globally in the Human Development Index (UNDP).
Stable business and economic landscape
Cyprus boasts a strong, service-oriented, contemporary economy that is driven by the market. It is backed by a stable democracy and is powered by a well-educated, bilingual and highly skilled workforce. Cyprus’ transparent regulatory framework instills confidence in both local and international investors.
High quality education and healthcare
Residents in Cyprus have access to several universities and international schools of a high standard, as well as a high standard of local medical services and facilities.
Fast-track application process
Applications are usually processed within approximately 2–3 months, provided that all documents are complete and the applicant satisfies the required criteria.
Applicants are typically required to visit Cyprus for biometric data submission.
No continuous stay requirement
There is no requirement to live in Cyprus full-time. However, the permit may cease to be valid if the holder is absent from Cyprus for a period of two consecutive years.
Who is Eligible for the Cyprus Permanent Residence Program?
Applicants must generally:
- Be over 18 years old;
- Have a clean criminal record;
- Not subject to applicable sanctions regimes;
- Show a secure and legal annual income;
- Complete a qualifying investment;
- Provide all required supporting documents, including verification of the source of funds for the investment.
Investment options
Applicants must choose one of the following investment options:
1. Residential property
Purchase of new residential property from a developer with a minimum value of €300,000 plus VAT. Off-plan properties also qualify.
2. Commercial property
Purchase of offices, shops, hotels or similar commercial property with a minimum value of €300,000, plus VAT where applicable. Resale commercial properties may qualify.
3. Investment in a Cyprus company
Investment of at least €300,000 in a Cyprus-based company. The company must have a physical presence in Cyprus and employ at least five people.
4. Investment in Cyprus funds
Investment of at least €300,000 in eligible Cyprus investment funds, such as AIF, AIFLNP or RAIF and regulated by CySEC.
Income requirements
Applicants must have a secure annual income of minimum €50,000, increased by:
- €15,000 for the spouse;
- €10,000 for each dependent minor child.
Income may include salaries, dividends, pensions, rental income and interest, provided it is properly documented.
Family members
The main applicant may include in the application his/her:
- Spouse;
- Minor children;
- Dependent unmarried adult children, subject to the applicable conditions;
- Children with disabilities, where applicable;
Family eligibility should always be reviewed before submission, as the rules depend on the applicant’s circumstances.osits. The income should be well-documented and backed by tax returns or auditor confirmation from the applicant’s tax residency country.
Documents Required to Apply for the Cyprus Permanent Residence by Investment Program
Applicants of the program must provide the below necessary documents:
| Document | Comments |
|---|---|
| Valid passport | Copies of passports of all applicants and family members if applicable; |
| CV | Latest Curriculum Vitae of each applicant; |
| Marriage certificate | If applicable, with a certified English translation with Apostille stamp or authentication by the Cyprus Ministry of Foreign Affairs and the Cyprus Embassy; |
| Birth certificates | If applicable, birth certificates of dependent children, translated into the English language and certified as explained above; |
| Confirmation of university enrollment | For dependents aged 18-25, proof of enrollment in a university, along with other required documents as per the requirements of the Ministry of Interior; |
| Clean criminal record certificate | From the applicant’s country of residence, along with an official English translation and the required certifications; |
| Non-employment declaration | A formal statement from the applicant as well as the spouse confirming that they will not participate in any paid employment in Cyprus, (apart from applicants who are directors of a company that they have invested in); |
| Proof of income | The applicant must provide original tax documents or auditor confirmations from their country of tax residency, along with a sworn affidavit, to validate the required income levels. Permissible income sources encompass salaries, dividends, pensions, fixed deposits and rental income and also the spouse’s income; |
| Health insurance | The applicant, spouse, and underage children must have valid health insurance coverage; |
| Representative authorization | A representative handling the application on behalf of the applicant must submit a signed and certified authorization form. |
Other Investment-related Documents Required to Apply for the Cyprus Permanent Residence by Investment Program
| Document | Comments |
|---|---|
| Proof of transfer | Documentation, such as bank transfer receipts, demonstrating the transfer of investment funds from overseas to Cyprus; |
| Residential or commercial property purchase | Sale contract and evidence of payment of at least €300,000, plus VAT where applicable. For real estate, a recent Land Registry valuation/survey certificate may also be required in certain cases. |
| Investment in a Cyprus company | Share purchase agreement, company certificates, shareholders certificate, certificate of incorporation, business profile, and proof from Social Insurance Services showing the company’s personnel. The company must have physical presence in Cyprus and employ at least five people. |
| Investment in Cyprus Investment Funds — AIF, AIFLNP, RAIF | Proof of purchased units and proof of payment for an investment of at least €300,000 in eligible Cyprus collective investment units. |
Application Process for the Cyprus Permanent Residence Program
- Assess eligibility and choose the investment option;
- Prepare and certify the required documents;
- Complete the qualifying investment;
- Submit the application to the Cyprus authorities;
- Attend biometric data collection in Cyprus;
- Receive the permanent residence permit upon approval.
Government fees
Government fees are generally payable for the application, registration and residence card issuance. Fees may change, so they should be confirmed at the time of application.
Permanent residence and citizenship
The Cyprus Permanent Residence Permit is not a citizenship program.
Permanent residents may apply for Cypriot citizenship by naturalisation only if they meet the separate legal requirements, including residence, physical presence, language and integration criteria.
Start your Cyprus permanent residence application
Our team can guide you through every stage of the Cyprus Permanent Residence process, from eligibility assessment and investment structuring to document preparation and application submission.
Frequently Asked Questions
Answers to common questions about the Cyprus Permanent Residence Program by investment, eligibility, documents, and the application process.
What is the Cyprus Permanent Residence Program?
The Cyprus Permanent Residence Program under Regulation 6(2) allows eligible non-EU nationals to apply for permanent residence in Cyprus through a qualifying investment, subject to meeting the required financial, personal, and documentation criteria.
What is the minimum investment required?
The minimum qualifying investment is generally EUR 300,000, plus VAT where applicable. Eligible options may include new residential property, certain non-residential property, investment in a Cyprus company, or investment in qualifying Cyprus investment funds.
Who can apply for Cyprus permanent residence by investment?
Applicants are generally required to be over 18, have a clean criminal record, demonstrate a good personal and business reputation, satisfy the investment and income requirements, and provide the required supporting documentation.
What income requirements apply?
The applicant must usually demonstrate a secure annual income of at least EUR 50,000. Additional income thresholds may apply for a spouse and dependent children, depending on the family members included in the application.
Can family members be included in the application?
Yes. The applicant’s spouse and dependent children may usually be included, subject to the applicable eligibility, documentation, and income requirements for each family member.
How long does the application process usually take?
Applications are commonly processed within approximately two to three months, provided that the application is complete, the supporting documents are properly prepared, and the applicant satisfies the relevant criteria.
Do applicants need to visit Cyprus?
Applicants are typically required to visit Cyprus for biometric data submission after approval, so that the residence permit can be issued.
Does Cyprus permanent residence allow employment in Cyprus?
The permit does not generally allow salaried employment in Cyprus. However, permanent residents may hold shares and receive dividends, and specific rules may apply where the applicant is connected to a Cyprus company in which they have invested.
