The Cyprus Residency programme is appealing to those that are attracted to the Mediterranean style, Greek-island-influence living that Cyprus offers. The Cyprus Residency programme is one of the most affordable Residency Programmes in Europe, is easy to comply with, and offers fast processing time of approximately 2 - 3 months. A Residency Permit requires investors to only visit Cyprus once every two years, and is permanent. 

The current permit procedure opens the doors of the European Union to third country nationals. Besides ensuring free movement within Cyprus, the Cyprus Residency Programme also provides foreign investors with the opportunity to expand their business activities in the European market through the utilization of Cyprus' highly favourable tax regime.

According to the provisions of Regulation 6(2) of the Aliens and Immigration Regulations, Permanent Residency may be granted to non-European nationals who fulfill the following criteria:

Cyprus is expecting to gain Schengen status soon following which, by gaining Cyprus Residence, you would automatically qualify with a Schengen Visa, meaning you can travel to any of the Schengen Counties without the need for a Visa.

Qualifying criteria

In addition to making a financial investment, applicants must also meet the following requirements:


* Dependents are defined as follows: