The Cypriot Government has published amendments to the Cyprus Permanent Residence Programme, an
investment route open to non-EU nationals wishing to obtain
residency status in Cyprus. The main aim of the amendments to
Regulation 6 (2) of the Aliens and Immigration Regulations are to
further attract foreign investment and help economic recovery after
Covid-19.
While the minimum investment required remains unchanged at
€300,000, new investment options have been
introduced and thus investment is no longer solely based on real
estate purchase. Investors may now invest not only in new
residential properties but also in new or resale commercial
properties such as shops and offices. In addition, the applicant
can now invest in the share capital of a company with physical
presence in Cyprus which employs at least five (5) persons.
Additionally, investors may also choose to invest in Cyprus
Undertakings for Collective Investment in Transferable Securities
(UCITS) such as AIF,
