Cyprus Permanent Residence Program
Cyprus Permanent Residence Permit
Individuals who are interested in obtaining an immigration permit for Cyprus from abroad are eligible to apply if they meet the following requirements:
Basic Eligibility Requirements
• Must submit a certificate of clean criminal record from the country of origin and from the country of residence (if it is different).
• Must present a Health Insurance Certificate for himself/herself and all the dependant family members (covering inpatient and outpatient care),
• Should not have any intention to work in the country (except for the case of being directors in a company they chose to invest).
Cypriot Golden Visa Financial Eligibility Requirements
1- The applicant must proceed with an investment of at least EUR 300,000 in one of the following categories:
• Investment in a house/ apartment (EUR 300,000 plus VAT and it should be a first-time sale); OR
• Investment in commercial real estate (other than house/apartment and it can be a resale); OR
• Investment in the share capital of a Cyprus Company with activities and personnel in Cyprus (investment in a new company of EUR 300,000 or of a share capital increase of EUR 300,000, a company registered in Cyprus, based and operating in Cyprus and employs at least 5 people); OR
• Investment in units of a Cyprus Collective Investment Fund (AIF, AIFLNP, RAIF type) (investments of EUR 300,000 units of a CCIF whose investments should be carried out in the Republic of Cyprus); AND
2- Additionally, the applicant must be able to prove that he/she has at his/her disposal a personal insured annual income of at least EUR 50,000. This amount increases by EUR 15,000 for the spouse and by EUR 10,000 for each minor child of the family.
Cyprus golden visa Frequently Asked Questions
1. Can the children studying in Cyprus be included to my Immigration Permit?
No. They must apply for a Temporary Residence Permit in Cyprus, as students.
2. Is there a minimum duration of personal presence in the country to maintain the residence permit?
There is no minimum duration of personal presence in the country to maintain the residence permit.
3. Can the children be included in my application?
Of course, they can, as long as they are minors with no further investment being required, but additional EUR10.000 annual income per child required. If they are adults between ages 18-25, they can be included, as above, but they should still be students in a Higher Education Institution abroad.
If the children are adults but not financially dependent on their parents, the application can still be one, but the amount of the investment should be multiplied by the number of adult children to be added to the application for Investor Immigration Permit and they adult children should be able to prove an annual income of EUR 50,000.
For more information, please fill out our Free Assessment and find out if you qualify.;
