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ARTICLE · 28 SEPTEMBER 2023

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Permanent Residence In Cyprus

Oneworld Ltd
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The Cyprus Government introduced in May 2023 revised the criteria and conditions for Cyprus Permanent Residency permits to foreign investors, to promote investments to Cyprus.

European UnionReal Estate and Construction
Savvas Shiatis
Savvas Shiatis
Alexandros Philippides
Alexandros Philippides
George Hadjipavlou
George Hadjipavlou
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Legal Basis

The Cyprus Government introduced in May 2023 revised the criteria and conditions for Cyprus Permanent Residency permits to foreign investors, to promote investments to Cyprus.

Benefits

  • Granted for indefinite duration, no renewal required
  • No minimum residence stay required
  • Can move to house purchased immediately
  • Fast track residency can be granted in 2 months
  • Exempts holders from immigration entry procedures
  • Applies to whole family
  • Can lead to Cyprus citizenship
  • Easier travel within the EU

Other Considerations

  • Granted to non-EU nationals
  • Enter and remain in Cyprus with no limitations
  • Does not expire if the applicant visits Cyprus once every two years

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