The Cyprus Investor Immigration Permit offers a fast-track route to permanent residence for eligible non-EU / non-EEA / non-Swiss nationals who make a qualifying investment in Cyprus and meet the applicable financial and personal requirements.
Who is eligible?
The programme is available to applicants who:
- Are non-EU / non-EEA / non-Swiss nationals;
- Make a qualifying investment of at least €300,000;
- Can demonstrate a secure annual income of at least €50,000, increased by €15,000 for a spouse and €10,000 for each dependent minor child;
- Meet the applicable health insurance, criminal record and public order requirements;
- Confirm that they will not be employed in Cyprus, except where permitted to act as a Director of the company in which they have invested.
Investment Options
The minimum qualifying investment is €300,000 and may be made through one of the following options:
A. New Residential Property
Purchase of a new house or apartment from a property development company, with a minimum first-sale value of €300,000 plus VAT, where applicable.
B. Other Real Estate
Investment of at least €300,000 in other types of real estate, such as offices, shops, hotels or similar developments. Resale properties may also qualify under this option.
C. Investment in a Cyprus Company
Investment of at least €300,000 in the share capital of a new or existing Cyprus company that has genuine business activity and physical presence in Cyprus and employs at least five employees.
D. Investment in a Cyprus Investment Fund
Investment of at least €300,000 in units of a Cyprus-based Collective Investment Organisation, such as an AIF, AIFLNP or RAIF, whose investments are carried out in Cyprus.
Income Requirement
In addition to the investment, the applicant must demonstrate a secure annual income of at least:
- €50,000 for the main applicant;
- €15,000 additional income for the spouse;
- €10,000 additional income for each dependent minor child.
Depending on the investment route, qualifying income may include salaries, pensions, dividends, interest, rental income and other permitted sources. Income may be derived from abroad and, for certain investment categories, may also include income generated in Cyprus provided that it is duly taxed in Cyprus.
Family Members
The main applicant may include:
- Spouse;
- Minor children under 18.
Certain unmarried dependent children between 18 and 25 may also qualify under specific conditions, including financial dependency and higher-education studies.
The programme also provides a mechanism for the inclusion of financially independent adult children, subject to a higher-value investment. The required investment increases by €300,000 for each additional adult child relying on the same investment.
Employment & Business Activities
The applicant and spouse are generally not permitted to undertake employment in Cyprus.
However, they may, subject to the applicable conditions:
- Act as Directors of the Cyprus company in which the investment has been made;
- Hold shares in Cyprus companies;
- Receive dividends from Cyprus companies;
- Hold an unpaid directorship in other Cyprus companies where permitted.
Residence in Cyprus
Applicants must have suitable accommodation in Cyprus. Depending on the investment route, this may be the investment property itself or another owned or rented property that adequately accommodates the applicant and family.
Application Process
01. Eligibility Assessment
We assess your investment structure, income, family circumstances and eligibility under the current criteria.
02. Investment & Preparation
We coordinate the investment structure and prepare the application in accordance with the requirements of the Migration Department.
03. Application Submission
The application is submitted to the Migration Department in Nicosia, either personally or through an authorised representative.
04. Fast-Track Examination
Qualifying applications are processed under the accelerated procedure and forwarded for consideration by the Deputy Minister of Migration and International Protection.
05. Approval & Residence Permit
Once approved, the applicant and eligible family members receive their residence permits and may establish permanent residence in Cyprus.
Processing Time
The official policy estimates an examination period of approximately 2 months, provided that the application is complete and all applicable criteria are satisfied.
Application Fee
- €500 application fee.
An additional €70 per person applies for the issuance of the Alien Registration Certificate (ARC), where required.
Duration of Residence
The approved residence right is unlimited in duration for the investor and eligible adult dependent family members.
The physical residence card is issued for 10 years and must be replaced upon expiry.
Residence permits issued to minor dependent children remain valid until they reach the age of 18.
Maintaining the Permit
The investment must be maintained in accordance with the programme requirements.
The applicant is also required to comply with the applicable ongoing requirements, including the submission of evidence concerning the continued investment and, where applicable, health insurance and periodic criminal record certificates.
Failure to maintain the required conditions may result in cancellation of the residence permit.
Permanent Establishment in Cyprus
If the application is approved while the applicant is outside Cyprus, the applicant must come to Cyprus for permanent establishment within one year from notification of approval.
Permanent residence may be lost if the holder remains outside Cyprus for at least two consecutive years or acquires permanent residence in another country.
Our Support
M.S. MyConsultancy Services Ltd provides end-to-end assistance with the Cyprus Investor Immigration Permit, including eligibility assessment, investment coordination, application preparation, document certification and submission, communication with the Migration Department, and support throughout the approval process.
Plan your investment. Secure your residence. Establish your future in Cyprus.