Individuals who are not interested in the Cypriot
naturalisation by investment scheme (resulting
in Cyprus citizenship and a passport) may be interested in the
permanent residence scheme that Cyprus offers.
The Permanent Residence Permit – Regulation 6 (2)
(Fast Track Route) concerns individuals who have fully and
freely at their disposal a secured annual income which suffices to
support a decent living in Cyprus for themselves, without having to
engage in any business.
Applications for a permanent residence permit under the Fast
Track Route are assessed within 3 months. The requirements for an
application for permanent residence are:
- evidence of a steady income from
abroad of at least €30,000, from sources other than employment
in Cyprus (dividends, fixed deposits, pensions, rents or salaries)
– this amount is increased by €5,000 for the spouse and
for each child and by €8,000 for each parent of the main
applicant and/or the spouse of the main applicant
