Permanent residency south


The Cyprus Permanent Residency (PR) program offers non-EU individuals a permanent visa for entering, staying and living for lifetime in Cyprus within 2 months, with a minimum real estate investment of €300,000 + VAT. The process is fast and easy and it covers all dependant children up to 25 years old.

Permanent Residency Visa is for Lifetime

Benefits of Cyprus Permanent Residency Program

  • Benefits apply to the entire family (incl. children up to 25 years old and spouse).

  • Applicants that obtain the PR have the right (under conditions) to apply for a Cypriot Passport within 7 years, provided that they stayed in the island for a total of 5 years.

  • Enables you to travel through Europe with ease.

  • Cyprus offer the lowest personal and corporate tax rates in the EU, and double tax treaties with almost 60 countries.

  • Reduced 5% VAT.

  • Cyprus has the lowest criminal rate in Europe.

  • Children gained PR visa don’t lose it when they become 25 years old nor when they get married.

  • Advantageous for the permit holder to establish a company or business of his/her own.

  • High standard educational Institutions and healthcare facilities.

  • There is no need to pay all the money from the beginning and the property does not have to be completed before getting the Permanent Residency.

  • Applicants that obtain the PR are entitled to apply for a Schengen Visa through any Schengen European Embassy.

Permanent Residency Requirements

  • Minimum investment of €300,000 + VAT in residential or other new-built property in Cyprus.
  • Source of funds must derive from abroad.
  • The applicant must show income of at least €50,000/year. This income to be increased by €15,000 for spouse and €10,000 for each adult financially dependent children, up to the age of 25.
  • At least 300,000 Euro (not including VAT) should be paid to the Vendor in order to apply for Permanent Residency.
  • The residence permit holder must visit Cyprus at least once every two years, if not a residing in Cyprus already.