Fast-Track To Permanent Residence In Cyprus

The Republic of Cyprus has introduced a fast track procedure allowing high net worth individuals to acquire a permanent residence permit on an accelerated basis.

Third country nationals who purchase immovable property in Cyprus for €300,000 or more as their own residence and who can demonstrate an adequate secure income from abroad will be eligible to apply for a permanent residence card. Each case is examined on its own merits depending on the personal circumstances of the applicant.

To be eligible for permanent residence third country nationals must demonstrate:

• That they have stable and regular income sufficient to maintain the applicant and any dependants in Cyprus without recourse to its social assistance system;