The fast-track Permanent Residence Program enables the granting of a permanent residence permit to foreigners who intend to invest in Cyprus.
( Invest more than € 300,000 )
FAST TRACK RESIDENCY
Investor selects property/ies either by visiting Cyprus or through correspondence
Purchase agreement signed
Minimum requirement of € 200,000 as initial payment and €30.000 to be blocked in a
Cyprus financial Institution for3 years
Required residency documents need to be prepared and submitted to the Civil Registry
and Migration Department, or to the District offices
Residency permit is issued within two (2) months
Upon approval, the applicant is required to visit Cyprus within one year to obtain the actual
permit and digital ID cards
The Immigration Permit may not be canceled, provided that the applicant and his/her
dependents visit Cyprus at least once every two (2) years
The fast-track Permanent Residence Program enables the granting of a permanent residence permit to foreigners who intend to invest in Cyprus, provided that the following
requirements are met:
With a minimum market value of E 300,000 + VAT purchased in Cyprus
Income from abroad and from sources other than employment in Cyprus
From abroad and deposited in a Cyprus Bank in a three-year Fixed Deposit Account
Holder must visit Cyprus at least once every two years to maintain his/her status