Why should you apply for Permanent Residence Visa?
Immigration Permit, gives you a Non-EU national, the right to permanently reside in Cyprus.
Exempts you from immigration entry procedures (i.e Visitor’s Visa)
Your family can also obtain it (married spouse, children
under 18 years old and financially dependent children up to 25 years old)
As of February 2016 the parents of the investor and/or of
his/her spouse can also obtain Permanent Residence as dependents
A permanent residence permit is granted indefinitely by
means of a one off application and does not require renewal.
Can provide both a secure investment and a second family
Cyprus, as a popular Mediterranean island very much on
the tourist map, offers good investment opportunities.
Permanent residents do not pay tax on overseas income.
Permanent residents can establish businesses in the EU,
thereby expanding their opportunities.
High standard but low of living.
Strategic location on the crossroads of 3 continents
(Europe, Asia and Africa)
Member of the EU and the Eurozone
High level of services, including ﬁnancial, medical,
education, telecommunications etc
Mild climate and sunshine (320 days a year)
Beautiful scenery and pristine beaches
English language widely spoken
Safe, secure and cosmopolitan environment
The application is examined by the Civil Registry and Migration
Department and are then submitted to the Ministry of Interior along with all
the necessary documents for the final decision.
No personal interviews are required unless otherwise is requested.
The time frame for the completion of the process is approximately 2
months from the date of submission of the application.
Once the application is approved the Civil Registry and Migration
department issues the Certificate of Permanent Residence.
Copy of valid passport of the applicant and his dependants.
Copy of valid temporary residence permit (if the applicant resides in
Curriculum Vitae (including academic qualifications).
Original Letter from a financial institution in Cyprus (Bank, Coop) of a
deposit of €30.000, pledged for three years.
Declaration of a secured annual income from abroad of €30.000 at least,
(original documents and affidavit or declaration). The necessary annual income
is increased by €5.000 for each dependent person.
Title of ownership or contract of sale of a built property in Cyprus of
a minimum market value of €300.000 (original or true copy). If the title of
ownership has not been obtained yet, the applicant must submit the contract of
sale duly stamped by the Stamps Commissioner and the Department of Lands &
Surveys and proof of payment for at least €200,000.
Official Statement by the applicant and his/her spouse that he/she does
not intent to work or be engaged in any form of business in Cyprus.
Health Insurance Policy for the applicant and his dependants
Original Criminal Record Certificate duly certified for the applicant
and his spouse (if the applicant resides abroad, the certificate must be issued
from his country of residence, and submitted with an official and certified
Marriage Certificate duly certified (official and certified
Children’s Birth Certificates dully certified (official and certified
Other documents which the authorities may ask.
documents that are issued by a foreign authority should be translated to either
Greek or English and be duly authenticated. They should bear the stamp
«APOSTILE» if they are issued in a country that signed the Hague Convention.
Otherwise, they should be sealed by the Ministry of Foreign Affairs of the
issuing country and the diplomatic mission of the Republic of Cyprus in the
Permit Required Documents / Certificates
1. Copy of valid
2. Copy of valid
temporary residence permit (if the applicant resides in Cyprus)
(including academic qualifications)
4. Income tax
returns for all years (original or true copy), if applies
5. Statement of
Social Insurance Contributions for the previous year (original or true copy),
6. Bank Accounts
declaration from sources other than employment (original documents and
8. Title of
ownership or rental agreement (original or true copy). If the title of ownership has not been
obtained yet, the applicant must submit the deed of sale and proof of payment.
10. Criminal Record Certificate (if the applicant resides
abroad, official translation duly validated from his country)
11. Marriage Certificate (official translation duly
12. Children’s Birth Certificates (official translation
Date of last entry and point of entrance
Proof of income at least 30.000 Euro if only the applicant (Sources can
be: business activities abroad, salary, pension, dividends, fixed deposits,
rents, wife’s/husband’s income or other)
Swift confirmations for all the transfers in Cyprus (From which account
to which account)
· Letter from the bank confirming the deposit and the pledged of 30.000 Euro for 3 years along with Swift confirmatio Additional Information:
Investors are obliged to retain the investment.
Applicant does not become a tax resident in Cyprus, unless he/she spends
more than 183 days in any one calendar year
The approval of Residence Permit under the relevant Decision is granted
by the Minister of Interior, and the Minister has complete discretionary power
regarding these decisions.
The application processing usually takes 2 months from the date of
submission of all the necessary documentation.