George K. Konstantinou LLC
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Updated: June 04, 2023
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 obtain a Permanent Residency permit in Cyprus with the fast-track option, the applicant must invest at least €300,000 in real estate. This residency can cover the whole family and does not expire.
A holder of such a permit can apply for Cyprus citizenship after five years of residing in the country.
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.
Permanent Residence by 5 years of stay
Non-EU citizens who had resided legally and continuously in Cyprus for five years before the filing of the application and had, for the entire prementioned period, a valid Cyprus temporary residence card are entitled to apply for the so-called long-term residence permit.
Permanent Residency for EU citizens
This type of residency can be applied by European Union citizens and their family members, also Citizens of the EU, after 5 years of continuous legal residence in Cyprus.
Permanent Residency by marriage to Cypriot
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 a residency permit with an unlimited duration which entitles them to residency rights. Read more about PR by marriage.
The following criteria apply to investors looking for Cyprus residency:
The delivery date does not matter, so properties under construction can be included.
The property can be bought in the name of a company whose absolute owner or ultimate beneficiary will be the investor or his/her spouse. The investor may buy up to two properties provided the total sales price is as mentioned above and can be any of the following combinations:
If the investor wishes to sell the property, he 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 EUR 50,000 from abroad. This income is increased by EUR 15,000 for the spouse and EUR 10,000 for each underage child of the family.
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 fulfill the following:
The PR is kept by the children for life even if they exceed the age of 25 or do not continue to fulfill 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 only condition of the extra annual income of €10000.
Applicants must also comply with the following:
To be eligible for this type of permit, the applicant mainly needs to show:
Cyprus permanent residency category F is flexible and has no strict property purchase requirement. However, it is recommended to 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 can be from salaries, pensions, stock shares, and rents.
The applicant should deposit in his bank account in Cyprus an amount of approximately €15.000 to €20.000, which is not pledged. It is a simple deposit which can be used after applying.
Only children up to 18 years old 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 the PR category F with a rented property is also possible. However, the application could be declined by the Migration department. Based on our experience, we recommend applying after purchasing a property.
Read more about Category F permits.
Category F only
Each year the applicant must submit to the Civil Registry and Migration Department a confirmation that they retain the following:
The residence permit will be withdrawn if these documents are not submitted or verified.
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 & children's birth certificates should be translated into English and be certified by the Ministry of foreign affairs (or Embassy) of the country that will issue them. And also by the Cyprus Embassy of that Country or bear the APOSTILLE stamp.
The application to obtain a permanent residency can be submitted by the lawyer of the investor, who does not need to be present at the submission. Those 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 give a photo and fingertips 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 is obtained in about two months. On approval, the lawyer can collect the cards on behalf of the investors.
As of May 2023, 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.
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, 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.
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.
How to get permanent residency in Cyprus after the study?
According to Cyprus immigration rules, the only way is to follow either of the residency by investment programs.
George K. Konstantinou LLC
Office Opening Hours
Our Address
Gladstonos 55, Roussos Center Point, 5th Floor, Office 5e, 3040, Limassol, Cyprus
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