New Amendments To The Cyprus Residency Programme

Michael Kyprianou & Co. LLC

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Michael Kyprianou & Co. LLC

Cyprus has always been considered as an ideal destination for Permanent Residence by Non-EU Nationals. The Cypriot Government, in an attempt to further attract foreign investment to the island...

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Esme Palas

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Cyprus has always been considered as an ideal destination for Permanent Residence by Non-EU Nationals. The Cypriot Government, in an attempt to further attract foreign investment to the island and to help economic recovery and further economic growth, recently announced certain amendments to the provisions of Regulation 6(2) of the Aliens and Immigration Regulations, which became effective on 24^th March 2021.

An Immigration Permit under Regulation 6(2) gives Non-EU nationals the right to permanently reside in Cyprus. The recent revision of regulation 6(2) is in line with the Cyprus Government's objective to stimulate and increase foreign investment in areas other than merely real estate.

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New Amendments To The Cyprus Residency Programme

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