Permanent Residence Scheme – Category (6.2)

1. Introduction

In accordance with the provisions of Regulation 6(2) of the Aliens and Immigration Regulations, non-EU citizens are entitled to apply for a Permanent Residence Permit in Cyprus with the fast-track procedure by investing not only in the real estate field, but also in the business sector.

2. Investment Options

A permanent residence permit can be obtained if the applicant invests in one of the following categories:

A. Investment in Residential Property (Category A)

• The investor may purchase a new house or apartment in Cyprus worth at least €300.000 (plus VAT).
• The property declared as the permanent residence of the family must have sufficient bedrooms for the needs of the applicant and their family members.