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Updated: November 14, 2024
Cyprus permanent residency is a legal status that entitles non-EU citizens and qualifying dependents to enter and stay as permanent residents in Cyprus with no limitations. It does not expire; therefore, the holder does not need to renew it. It is also known as a Cyprus immigration permit or unlimited residency.
To become a permanent resident in Cyprus, you must either live in Cyprus for five years with a valid temporary residence permit, invest a minimum of €300,000 in the country, marry a Cypriot, secure permanent employment or own a company registered with the migration department.
The investment option is a fast track that can be completed within 2-3 months. This residency can cover the whole family and does not expire.
A holder of such a permit can apply for citizenship in Cyprus after eight years of residing there.
The legal basis of the permanent residence scheme is Regulations 5 and 6(2) of the Aliens and Immigration Regulations.
A PR in Cyprus is divided into several main categories.
“Cyprus residency by buying a property” type of permit is for investors who purchase property in Cyprus and have sufficient income from abroad:
Here is an example of the Cyprus permanent resident card obtained through investment:
This type of permit is for owners and employees of companies with foreign interests:
To learn more about this type of permit, read about Cyprus business visas.
Non-EU citizens who resided legally and continuously in Cyprus for five years before the application filing and had a valid Cyprus temporary residence card for the entire period are entitled to apply for the so-called long-term residence permit.
After 5 years of continuous legal residence in Cyprus, European Union citizens and their family members who are also EU citizens can apply for permanent residency.
Applicants married to Cypriot Citizens, their minor children from a previous marriage, and parents of the Cypriot citizen or parents-in-law are allowed to apply for an unlimited-duration residency permit that entitles them to residency rights.
Read more about PR by marriage.
To qualify for Cyprus residency, investors must follow certain criteria.
If you’re an investor looking to obtain permanent residency in Cyprus through means other than real estate investment, you have two options available (same amount of €300,000):
If the investor wishes to sell the investment or the property, he/she must replace it with another of equal or higher value and follow all the abovementioned conditions.
Annual income
The investor must show an annual secured income of at least €50,000 from abroad. This income is increased by €15,000 for the spouse and €10,000 for each underage family child.
It can be any income, including salaries, pensions, dividends, fixed deposits, rents, etc. The spouse’s income (if any) can be included in calculating income.
The permanent residency permit covers the spouse and children up to 18 years old.
Also, children between 18 and 25 years old can apply separately for a student immigration permit, provided they fulfil the following:
The PR is kept by the children for life even if they exceed the age of 25 or do not continue to fulfil the above (unmarried, financially dependent, students).
However, their future spouse or child cannot be added as dependents on their PR. If children want to study at the University of Cyprus, they must apply for a temporary residence permit as students. When they finish their studies, regardless of their age, they can apply for PR with the condition of an extra annual income of € 10,000.
Applicants must also comply with the following:
To be eligible for this type of permit (slow-track permanent residency), the applicant mainly needs to show:
Cyprus permanent residency category F is flexible and requires no strict property purchase. However, it is recommended that you buy a property in Cyprus for any amount. It can even be a resale property. The money for the purchase does not need to be transferred from abroad.
The applicant must show a yearly income of at least €9568 for one applicant plus €4613 for each dependent person. This income must be from abroad and from salaries, pensions, stock shares, and rents.
The applicant should deposit an amount of approximately €15.000 to €20.000 in his bank account in Cyprus, which is not pledged. This amount is a simple deposit which can be used after applying.
Only children up to 18 can apply as a dependent, and their permanent residency will be valid until they turn 18. The parents of the applicants cannot apply as dependents.
Applying for PR category F with a rented property is also possible. However, the Migration department may decline the application. Based on our experience, we recommend applying after purchasing a property.
Read more about Category F permits.
Category F only
The applicant must submit to the Civil Registry and Migration Department a confirmation that they retain the following.
Submitted every year (annually):
Submitted every three years:
The residence permit will be withdrawn if these documents are not submitted or verified.
The requirement to annually submit proof of the necessary income level has been abolished.
To obtain a permanent residency permit in Cyprus, the applicant needs to apply with the following required documents:
Please note that Criminal Record certificates, marriage certificates, and children’s birth certificates should be translated into English and certified by the Ministry of Foreign Affairs (or Embassy) of the country that will issue them. This can be done by the Cyprus Embassy of that country or by bearing the APOSTILLE stamp.
The application to obtain a permanent residency can be submitted by the investor’s lawyer, who does not need to be present at the submission. Applications are only provided at the Civil Registry and Migration Department in Nicosia, not at the district immigration units of each city.
After the submission, the applicants must provide a photo and fingerprints so that the residency cards can be issued upon approval. This can be done any time before the final approval at any migration district unit in any city.
Below are the addresses of each city’s immigration unit.
Nicosia | Agamemnonos 6, Engomi, 2411 Nicosia |
Limassol | Franglinou Rousvelt 223, Zakaki, Building ¨D. Nikolaou¨, 2nd floor, 3046 Limassol |
Larnaka | Piale Piasha 75, 6027 Larnaka |
Pafos | Eleftheriou Venizelou & Kaningos 22, 2nd floor, 8021 Pafos |
Famagusta | Eleftherias 83, Tatolos Bld, Derynia Plaza, 1st floor, 5380 Derynia |
On approval, the lawyer will collect the PR cards.
The fast-track Cyprus residency by investment takes about two months to obtain. Once approved, the lawyer can collect the cards on behalf of the investors.
As of November 2024, the processing time for the application examination under category F can not be estimated. The applications are submitted normally but not processed until further notice by the immigration department.
The cost of the fast-track permanent residency program is €300.000, and it does not include the following fees:
Applicant / applicants’ spouse / children under 18 | €500 for all €70 for each person for registration |
Adult children (each) | €500 €70 for registration |
The fees are the same for Category F permits.
Action | Citizenship | Permanent Residence |
---|---|---|
Open bank account | Yes | Yes |
Register a company | Yes | Yes, but whether you can work in it depends on the type of permit. |
Buy real estate | Yes | Permission from the Council of Ministers |
Rent real estate to third parties | Yes | Depends on the terms of the permission. |
Work | Yes | Depends on the type of permit. |
Make a contract | Yes | Yes, except for some contracts, like employment (depending on the permit). |
Education and healthcare | Yes | Yes |
Everyday transactions and activities, marriage | Yes | Yes |
Travel to all EU member states | Yes | No. Only Bulgaria and Romania. |
Live and work in other EU member states | Yes | No |
Vote | Yes | No |
Travel and return to Cyprus with no formalities | Yes | Yes |
Duty not to leave Cyprus for more than two years | No | Yes |
Our team of immigration lawyers in Limassol, Cyprus, is ready to advise and prepare any of the above permanent residency applications. We will support you through all the procedures, from initial property purchase to advice on required documents, preparation and submission of the immigration permit applications, and collection of the PR cards.
Contact us for a free personal consultation and learn about our competitive fee services.
Can a student get permanent residence in Cyprus?
No, students cannot obtain permanent residence in Cyprus during their studies. However, they may apply for permanent residence upon completing their studies, provided they meet the necessary criteria.
How to get permanent residency in Cyprus after the study?
According to Cyprus immigration rules, the only way to obtain residency is through investment programs or a work permit.
What is the difference between permanent residency in Cyprus for non-EU and EU citizens?
EU citizens do not need to apply for permanent residence in Cyprus. They register after three months to receive a registration certificate. Non-EU citizens with permanent residency cannot travel visa-free to the EU (except Bulgaria and Romania) or the Schengen area.
Additionally, Cyprus permanent residency does not grant the right to live and work in other EU countries.
How can I get permanent residency in Cyprus?
Cyprus grants permanent residence to those who have either legally lived there for 5 years, invested a minimum of €300,000 in the country, married a Cypriot, secured permanent employment, or established a company registered with the migration department.
The investment route is the fast-track permanent residency category 6.2 and can be obtained in 3 months.
Is a Cyprus permanent residency the same as Cyprus citizenship?
No, Cyprus permanent residency and citizenship are not the same, although they share similarities. Both allow the holder to live in Cyprus, register a business, and access education and healthcare. They also protect human rights and non-discrimination laws. Permanent residency permits land purchases and, in some cases, employment within the Republic, though with certain limitations and exceptions.
Is it allowed to travel to Europe with a Cyprus residence permit?
No, if you are referring to the European Union. You can travel only to Bulgaria and Romania. For other EU member states and European countries, you must adhere to their specific rules and regulations regarding third-country nationals (TCNs).
What is a Cyprus alien card? Does it give any rights?
It is merely a registration certificate, is not considered a valid permit, and does not grant any right to stay.
Can I get permanent residency by buying a house in Cyprus?
You can get permanent residency by buying a house worth at least 300,000 euros plus VAT. You will also need a secure income of at least 50,000 euros from abroad, with an additional 15,000 euros for your spouse and 10,000 for each dependent child.
The Category F permanent residence permit only requires a secure income of 9,568 for yourself and an additional 4,613 euros for each of your dependents. The income must come from abroad. This permanent residence permit does not require buying a house or apartment, but it is advisable.
How much should you invest in property to get residency in Cyprus?
For the permanent residence by investment programme, you must invest at least 300,000 euros plus VAT (19%).
Can I buy an apartment in Cyprus and get citizenship?
The answer is no. Nevertheless, eight years of permanent residence (along with specific other requirements) may result in citizenship.
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