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Rank #38
Cyprus

Cyprus

LocationWestern Asia • UTC+3 • Asia/Nicosia
Monthly Cost
$1,714
-22% vs USA
Internet
201 Mbps
Mobile Avg

Permanent Residency Program

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For investors who wish to obtain permanent residency in Cyprus through real estate investment.

Min. Income

€30,000/year

Per Applicant

Min. Income

Processing

2–3 Months

Average Time

Processing

Validity

Indefinite

Permanent Residency

Validity

Citizenship

7 Years

Years to Apply

Citizenship
Info

Eligibility & Required Docs

Eligibility Requirements

  • CheckmarkInvestment in real estate of at least €300,000
  • CheckmarkProof of stable annual income
  • CheckmarkClean criminal record

Required Documents

  • CheckmarkProof of investment
  • CheckmarkIncome statements
  • CheckmarkCriminal record certificate
  • CheckmarkValid passport
Info

Residency Rules

Taxation

Permanent residents are taxed on worldwide income, similar to other residents.

Physical Presence

No strict physical presence requirement, but must visit Cyprus at least once every two years.

Info

Advantages

  • Permanent residency status
  • Access to EU markets
  • No requirement to reside permanently in Cyprus
Info

Disadvantages

  • High investment threshold
  • Limited public services
  • Potential for bureaucratic delays

Compare with

PortugalGolden Visa
GreeceGolden Visa
SpainGolden Visa