How Non-EU Investors Can Secure Permanent Residency in Cyprus Through Property Investment

The Republic of Cyprus offers a clear, regulated path for third-country nationals to acquire permanent residence through investment — including real estate ownership. Below are the essential requirements, benefits, and procedural steps. Our law firm can guide you to facilitate such an investment.

1. What the Law Predicts

Under Regulation 6(2) of the Aliens & Immigration Regulations, Cyprus issues permanent residence (“immigration permit”) to non-EU nationals who make qualifying investments.

2. Key Requirements

What You Must Do / Provide

a. Minimum €300,000 (plus VAT)invested in Cyprus. Options include:

• Purchase of a house or apartment from a licensed development company, which must be first-time sale.

or

• Purchase of non-residential real estate such as offices, shops, hotels, or a combination of residential and non-residential. Resale properties are permitted in this category.

or

• Investment in share capital of a Cyprus company operating locally with physical presence and employing at least 5 employees,

or

• Investment in units of a Cyprus Investment Organisation (e.g. AIF, AIFLNP, RAIF).

b. The applicant must show legal origin of funds, plus a secure annual income from abroad of at least €50,000, increased by certain amounts for spouse and dependent children.

c. The applicant and his/her spouse must provide a clean criminal record certificate from country of origin and residence and generally must not pose threat to public order.

d. The applicant and his/her dependent family members must submit a health insurance policy certificate for medical care covering inpatient and outpatient care.

e. The applicant and his/her spouse shall confirm that they do not intend to undertake any form of employment in the Republic, with the exception of their employment as Directors in a Company in which they have chosen to invest.

f. In cases where the applicant doesn’t invest on a residential real estate, he/she should provide evidence of accommodation in the Republic (e.g. title of ownership or contract of sale and proof of payment for the property or rental agreement).

3. Benefits of Permanent Residence

• Lifetime Permit: Once issued, the permit is permanent and renewable without needing frequent renewals.
• Family Inclusion: Spouse, children can be included.

4. Step-by-Step Procedure

i. Initial Legal & Financial Planning

Engage a lawyer to check eligibility and make the necessary AML/KYC checks. Choose investment property or other qualifying asset, verify title deeds, developer licenses, etc.

ii. Secure the Investment

Sign Reservation and Sale Agreement and ensure payment according to regulation.

iii. Prepare Documentation Passport(s) and personal identification documents Clean criminal record certificates Proof of funds / source of income Family documents (marriage, birth certificates) Proof of payment, title deed or contract agreement, developer’s license etc.

iv. Submit Application

To the Cyprus Immigration Department / Ministry of Interior under Regulation 6(2).

v. Approval & Issuance

Once approved, receive the immigration permit (“permanent residence”)and obtain residence card as required.

We offer:

• Expert guidance to structure investments to comply fully with regulation.
• Due diligence on properties / developers to avoid legal, planning or title issues.
• Preparation and submission of all the necessary legal documents related to Real Estate transactions – liaison with government authorities.

Ready to Explore Your Options?

If you’re a third-country investor thinking of acquiring property in Cyprus and securing permanent residency, we’re here to help. Our team can provide a tailored assessment of your situation and handle all legal steps so you can invest with confidence and security.

Contact us today for immediate legal protection and support in maintenance matters. Schedule a meeting right away – even digitally.

Our team, GIORGOULA STYLIANOU LLC