Permanent Residence And Work Permits

As of the 27^th May 2022, the Council of Ministers of the Republic of Cyprus has approved new Regulations governing immigration permits which can be granted to individuals coming from 3^rd countries (non-EU), as follows:

• Aliens can be employed or reside in Cyprus, when they have an insured income of €40,000 per year, privately owned accommodation valued at €250,000, when they are investors or self-employed or even employees, under certain conditions.

The above is provided based on the regulations that have been approved by the Council of Ministers and states that an immigration permit can be granted to aliens who fall into the following categories:

A. Self-employed alien, for example a person intending to be self-employed in a company or profession or science in the Republic, provided that the following are cumulatively met: