Revised Cyprus Permanent Residency Rules As Of May 2023

Fancy a Mediterranean island lifestyle on the beach? Or perhaps wine-tasting in family-owned vineyards is more like your cup of tea? Why not both and more? From gold sandy beaches with clean water, to more mild temperate scenic mountain villages, Cyprus has you covered.

How do you get there, you ask?

1. An investment of at least €300,000 is required, but there's a few ways you can achieve that.
   • Buy a house or apartment from a development company at a first sale of min €300,000 (plus VAT).
   • Purchase of other types of real estate i.e., offices, shops, hotels or similar with a total value of €300,000 - This can result from a combination of said assets.
   • Invest €300,000 in the shares of a newly registered Cyprus company or in the case of an existing company, an increase in the share capital worth €300,000. The company must be based and operating in Cyprus with physical presence and at least 5 employees.