Permanent residence permit

Permanent Residence Permit

Permanent residency in Cyprus

Permanent residency in Cyprus

The Cyprus residence permit under the Cyprus law of immigration regulations combines a fast process and simple criteria with no nationality restrictions.
When the permanent residence permit is issued it is valid forever with no renewal needed.
The permanent residence permit applies to:

  • The applicant
  • The spouse
  • Unmarried dependent children of the applicant up to the age of 25 years old
  • The applicant’s parents and parents in law
  • Permanent residence holder can apply for Cyprus EU passport after 7 years

Requirements to obtain the Cyprus’ permanent residence

  • Purchase of new property with a minimum value of 300000 euro (excluding VAT)
  • Fixed deposit of 30000 euro in a Cyprus bank account for 3 years
  • Annual income from abroad of 30000 euro plus 5000 euro per dependent person, plus 8000 euro per parent and parent in law
  • Declaration that the applicant and the dependents will not work in a Cypriot company unless they have their own company.
  • Clear criminal record certificate for the applicant and the dependents over 16 years old

The time needed to examine the application is around 2 months.

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