RESIDENCY PROGRAMME

SHAPE YOUR FUTURE

Cyprus’ innovative Permanent Residency Program offers a unique opportunity for property buyers to establish a Mediterranean home away from home. This program allows you and your family to live freely in Cyprus and engage in business activities. As a permit holder, you have the right to own a business in Cyprus or establish a Cyprus company, benefiting from the country’s excellent business and tax advantages. Invest in Paphos real estate today and enjoy high rental yields, affordable luxury properties, and the charm of Mediterranean living.

  • ALL NATIONALITIES ELIGIBILITY

  • VISIT CYPRUS AT LEAST EVERY 2 YEARS

  • COVERS THE WHOLE FAMILY

  • €300.000 PROPERTY INVESTMENT

  • GRANTED WITHIN 2 MONTHS

  • APPROVAL RATE
    100%

MAIN REQUIREMENTS

To qualify for the Cyprus Permanent Residency Program through the Fast Track Route, applicants must meet specific criteria. Firstly, the applicant must demonstrate a secured minimum annual income of €30,000, derived from sources abroad such as overseas employment income, pensions, dividends, etc. Employment in Cyprus is prohibited. The minimum annual income requirement increases by €5,000 for each dependent person.

In addition, the application must include a title deed or a property contract of sale submitted to the Lands Registry. This should be for acquiring a house, apartment, or any other building in Cyprus with a minimum market value of €300,000 (excluding VAT). The applicant must also provide proof of payment of at least €200,000 (excluding VAT) towards the property.

By fulfilling these requirements, applicants can benefit from the Fast Track Route to secure permanent residency in Cyprus, enjoying its appealing lifestyle, business opportunities, and tax advantages.

FAST TRACK ROUTE

The Civil Registry and Migration Department of Cyprus offers a Fast Track Route for granting immigration permits, ensuring a swift and efficient process. To qualify, the property you purchase must be sold for the first time. Additionally, you must provide a confirmation letter from a Cyprus Banking Institution verifying a minimum deposit of €30,000, pledged for at least three years. Under this route, your immigration permit is typically granted within two months.

  • All amounts should be transferred to Cyprus from abroad.
  • The applicant must have a clean criminal record.
  • The applicant is required to visit Cyprus at least once every two years.

PROCEDURE HIGHLIGHTS

  • 1
    Purchase of the selected property
    2
    Submission of MIP1 application form
  • 3
    Feedback from Ministry Of Interior
    4
    Examination of application by the Civil Registry
  • 5
    Examination of application by the Immgigration department
    6
    Cyprus visit within the year to obtain the permit card