Cyprus Permanent Residence

Cyprus Permanent Residence VISA (Permit) / What it is?

  • A permit given to third country nationals which is valid forever – it grants easy access to cyprus without the need to issue a visa
  • Applies to people from third countries with a secured minimum annual income  who purchase a property in cyprus

Getting a Cyprus VISA / How?

ONLY 3 main Requirements:

  1. Purchase of cyprus property for €300,000 and above
  2. Proof of annual income of €30 000 and €5 000 for every dependant (wife/husband and children over 18 years old)
  3. Open a cyprus bank account and deposit the amount of € 30 000 to be blocked for 3 years


  1. Clean Criminal Records
  2. Birth Certificates
  3. Marriage Certificate
  4. Passports
  5. Health insurance (international)
  6. Statement of no intention to work in Cyprus

Fast Track Procedure - REG 6(2)

New regulation for a fast-track procedure for acquiring the cyprus permanent visa – it only takes 1-2 months

  • August 2012 amendment of the aliens immigration law of 1972/2012
  • Easier and faster procedure for acquiring a permanent cyprus visa

Some Important Facts

  • It is a requirement to submit, together with the application, a registered contract of sale and a confirmation that the amount of at least € 200 000 has paid or 80% of the property’s value
  • It is not compulsory for the applicant to be in Cyprus
  • In order for the Visa to be valid, the applicant and his/her dependants must visit Cyprus at least once every two years.