Permanent Residence Permit In Cyprus Via Investing On Property

Cyprus has a favorable regime which allows a third country national to obtain Permanent Residency in Cyprus if he or she buys property in Cyprus worth a minimum of €300.000 and when certain conditions are met. Low crime rate, nice weather, high quality schools and a good living standard render Cyprus a very desirable location to invest on property and to seek to start a new life.

According to the provisions of Regulation 6(2) of the Aliens and Immigration Regulations, the criteria which have to be met for a third country national to obtain Permanent Residency in Cyprus are:

1. The applicant for the Permanent Residency must prove that he has a secured minimum annual income of €30.000 and that this income comes from abroad and not from working in Cyprus. Further, the required minimum annual income is increased by €5.000 for each dependent person.