ARTICLE · 04 MAY 2021

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Permanent Residence By Investment Scheme

Ernst & Young Cyprus Ltd

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Pursuant to the provisions of Regulation 6 (2) of the Aliens and Immigration Regulations, the Minister of Interior decided on the 24th of March, after informing the Council of Ministers, to issue Immigration Permits to third-country national applicants.

CyprusTax

Riginos Polydefkis

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1. PERMANENT RESIDENCE BY INVESTMENT SCHEME: RECENT REVISIONS

Pursuant to the provisions of Regulation 6 (2) of the Aliens and Immigration Regulations, the Minister of Interior decided on the 24th of March, after informing the Council of Ministers, to issue Immigration Permits to third-country national applicants, in cases of investments that meet the below conditions.

1.2The applicant must satisfy at least one of the criteria of paragraph 2.1, as well as the quality criteria as per paragraph 3. It is noted that the money that will be used for the investment must be proven to have been transferred to Cyprus from abroad.

2. INVESTMENT CRITERIA

2.1 The applicant must make an investment of at least € 300,000 in one of the following investment categories:

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