Revised Cyprus Permanent Residence Permit Criteria – Investor Visa

The Cyprus Minister of Interior has revised, pursuant to the provisions of Regulation 6(2) of the Aliens and Immigration Regulations, the criteria and processes for the issuing of Permanent Residence Permits to individuals investing in Cyprus under the relevant scheme, with effect as from the 2^nd of May 2023.

The main revisions include additional screening of applicants, as well as annual monitoring that the terms of the investment criteria are met (i.e. that the investors retain the investment and that their annual income remains within the minimum standards as applicable).

In parallel, a higher minimum annual income of 50,000 EUR (revised from the initial 30,000 EUR) for the applicant is required, and also a higher minimum annual income for the spouses of applicants (if applicable) of EUR 15,000 is required and EUR 10,000 for each dependent child. It is noted that related adult individuals, such as investor parents, can no longer obtain residency under the