Cyprus permanent residency: key requirements
Investment of €300,000 + VAT
Payment transfer from abroad
No employment in Cyprus
Clean criminal record
Provide proof of annual income from outside Cyprus
Alternative investment options also available
Purchase of newly-built residential or commercial properties (one or multiple units) from developers
Applicants must declare that they will not undertake employment in Cyprus. However, serving as an unpaid director of their own Cyprus-registered company is permitted
The funds must be transferred directly from a foreign bank account to the developer’s bank account in Cyprus
Applicants must provide an official certificate confirming they have no criminal convictions
Income proof is only required at the time of application
€50,000 minimum income (main applicant)
Additional €15,000 required for a spouse
Additional €10,000 required per dependent child