Cyprus Permanent Residence with

Cyprus Permanent Residence

Tax incentives and access to the European business markets

Conditions for obtaining of Cyprus permanent residence

Investors can choose one of the following options in order to apply for Cypriot permanent residence:

Buy residential property;
Purchase commercial real estate;
Invest in a Cypriot company;
Invest in units of Cypriot investment funds.

Each of these options requires an investment of €300,000.

Applicants who fulfill the investment condition, pass

the Due Diligence process conducted by the Cyprus Migration Department and fulfill the other requirements of the program will be able to obtain a permanent residence permit.

€300,000+ Investment amount

4 options for investors

3 months obtaining period

Benefits of Cyprus permanent residence

1 Opportunity to own a business in Cyprus

Cypriot permanent residence allows foreign citizens to do business in Cyprus. They have the right to invest in a Cypriot company, receive dividend income and enjoy tax benefits for managing a company.

2 High level and quality of life

Cyprus has a developed infrastructure, health care system, and education system. In the Global Lifestyle Review conducted by Knight Frank, Cyprus was ranked fifth in the list of the best relocation destinations.

3 Prospect of obtaining a Cypriot passport

Permanent residence holders can apply for citizenship through naturalization. Before applying, they need to have lived in Cyprus for a total of five years in the previous eight years, including the entire 12 month period before submission of their citizenship application.

Who can get Cyprus permanent residence?

Investor

No criminal record
With proven legal income of €50,000 outside Cyprus
Buy or rent property in Cyprus

Spouse

No criminal record

Children under 18 years old

Financially dependent on the investor

Children aged 18 to 25

Students Single
Financially dependent on the investor

Investor’s options

1 Purchase residential property from €300,000+

The investor buys residential property in Cyprus, such as a house or apartment. They can purchase up to 2 housing units, provided both properties are new builds and their total market value is at least €300,000. The investor must also pay the associated fees.

	Investor	Family of 2 or more persons
Purchase property	€300,000+	€300,000+
Legal support of the transaction by a Cypriot lawyer	€3,000+	€3,000+
Fee for processing permanent residence application	€500	€500 for the investor + €500 per additional family member
Issuance of a permanent residence card	€70	€70 for the investor + €70 per additional family member
Medical insurance policy	€200	€200 for the investor + €200 per additional family member
Other fees and charges • Stamp duty • VAT on purchase of real estate • Submission of a purchase-sale contract to the Land Department	€15,000+	€15,000+
Total	From €318,770	From €319,540

2 Purchase Commercial real estate €300,000+

Investment in offices, shops, hotels or similar properties. Commercial real estate is purchased in the same way as residential property, apart from the fact that the investor can buy property on the secondary market.

	Investor	Family of 2 or more persons
Purchase property	€300,000+	€300,000+
Legal support of the transaction by a Cypriot lawyer	€3,000+	€3,000+
Fee for processing permanent residence application	€500	€500 for the investor + €500 per additional family member
Issuance of a permanent residence card	€70	€70 for the investor + €70 per additional family member
Medical insurance policy	€200	€200 for the investor + €200 per additional family member
Other fees and charges • Stamp duty • VAT on purchase of real estate • Submission of a purchase-sale contract to the Land Department	€57,000+	€57,000+
Total	From €360,770	From €361,540

3 Investment in a Cypriot company €300,000+

Investment in shares of companies that are physically located in Cyprus and have at least five employees. The minimum investment is the same as for the other options: €300,000

	Investor	Family of 2 or more persons
Purchase property	€300,000+	€300,000+
Fee for processing permanent residence application	€500	€500 for the investor + €500 per additional family member
Issuance of a permanent residence card	€70	€70 for the investor + €70 per additional family member
Medical insurance policy	€200	€200 for the investor + €200 per additional family member
Total	From €300,770	From €301,540

Application process

Choose one of four investment options.

Collect documents for personal identification and documents confirming the sources of the invested funds. Preparation by a lawyer of a package of documents for the selected investment option.

Make the investment.

Submit the required documents to the Civil Registry and Migration Department (CRMD). The application is considered by the government for 2-4 months.

A letter of approval of the application is issued by the relevant government department.

Visit Cyprus to give your biometrics.

The permanent residence card is issued within 40 days from the date of submission of biometrics.

Move to Cyprus. Within one year from the date of approval of the application, the holder of the residence permit must become a permanent resident of Cyprus. To maintain Cypriot permanent residence, you must visit Cyprus once every two years.

Permanent Residence with Open Window

Open Window is a licensed agent of the Cyprus permanent residence by investment
We accompany our clients from the first consultation to obtaining the permanent residence
We provide extra services such as selecting real estate and opening a bank account.