Revised Permanent Residency By Investment Scheme In Cyprus

New Criteria PR 6(2) – Time entered into force 02/05/2023

Further to the announcements made on 27/04/2023 and on 17/05/2023 by the Civil Registry and Migration Department of the Republic of Cyprus (CRMD), a new set of criteria were introduced for the submission of permanent residence by third country nationals under Regulation 6(2) of the Alien and Immigration Regulations.

The new criteria apply for all applications submitted on 02/05/2023 onward with the exception that applications where Sale Agreements were lodged at the Department of Lands and Surveys between 02/01/2023 until 28/04/2023, may proceed based on the previous criteria that applied as of 24/03/2021.

Criteria Applicable from 02/05/2023