Immigration Permits for Investors - 4th Revision May 2023

Main investment criteria for Immigration Permit to third country applicants

• Invest at least €300,000 + VAT with proven transfer of funds to Cyprus from abroad.
• Purchase of a house or apartment (up to two units) from a development company, which must be a first sale worth at least €300,000 + VAT. The immigration permit can include an adult child not financially dependent on the applicant, and for each child, an investment of an additional €300,000 +VAT applies
• Investment of other types of real estate (including resales) such as offices, shops, hotels or related estate developments, or a combination thereof, with a total value of €300,000.
• Investment worth €300,000 in a newly registered Cyprus company’s share capital, with business activities based and operated by a minimum of 5 employees.
• Investment worth €300,000 collectively in units belonging to Cyprus Organizations and activated in the Republic of Cyprus.

Additional requirements and criteria

• • Personal secure annual income that derives from abroad of at least €50,000 (including spouse’s income) + increase by €15,000 for his/her spouse + €10,000 for each dependent minor child. Depending on the type of Cyprus investment, the income or part of it may also come from sources through activities within the Republic.
  • All applicants need clean criminal record certificate from their country of origin and their country of residence.
  • The applicant and his/her dependent family members must submit a health insurance policy certificate.
  • Applicant’s employment in the Republic is prohibited, with the exception of their employment as Directors in a Company related to this policy.

Additional information

If all the policy criteria are met, the examination and decision by the Minister of Interior is approximately 2 months. The Duration of immigration permit is of unlimited validity, for the holder and his/her adult dependents (until the age of 18). Permanent Residents need to be present in Cyprus for 1 day every 2 years and can be eligible for Citizenship after 7 years.