Updated on July 15, 2025
Cyprus Permanent Residence
Tax incentives and access to the European business market
€300,000+
Investment amount
9+ months
Obtaining period
Once every 2 years
Mandatory visit to
the island
Non-EU citizens obtain Cyprus permanent residence by investing at least €300,000 in real estate or securities.
Permanent residents may not pay taxes on global income, including dividends and capital gains. The country has no inheritance tax and low income and property tax rates.
The Cypriot jurisdiction is one of the best places to register the tax residency of an international business or open a new company. The corporate tax rate in the country is only 12.5%.
A permanent resident can obtain Cyprus citizenship after 8 years of living in the country. Citizens travel without visas to 170+ countries, including the European Union and the UK.
Benefits of Cyprus permanent residence
1
Tax optimisation
There is no tax on global income and inheritance and low property and income taxes rates. The corporate tax rate is one of the lowest in Europe — 12.5%.
There is no tax on global income and inheritance and low property and income taxes rates. The corporate tax rate is one of the lowest in Europe — 12.5%.
2
Income from investments in real estate
Prices on Cypriot real estate grow by 1—4% every year. The same yield is applied to leases of residential property.
Prices on Cypriot real estate grow by 1—4% every year. The same yield is applied to leases of residential property.
3
Prospect of obtaining a Cypriot passport
Permanent residence is issued for life, while an ID card is renewed every 10 years. 8 years after receiving permanent residence, its holder can apply for Cyprus citizenship and become a full-fledged citizen of the European Union.
Permanent residence is issued for life, while an ID card is renewed every 10 years. 8 years after receiving permanent residence, its holder can apply for Cyprus citizenship and become a full-fledged citizen of the European Union.
4
Opportunity to own a business
Unlike under many other investment immigration programs, investors with Cyprus permanent residence can buy shares in local businesses, open their own companies or transfer operating companies to the island’s jurisdiction.
Unlike under many other investment immigration programs, investors with Cyprus permanent residence can buy shares in local businesses, open their own companies or transfer operating companies to the island’s jurisdiction.
5
Creating a “safe haven” or moving to Cyprus
Investors may visit Cyprus anytime and stay for as long as they wish. They may move to the country or create a “plan B”, with housing and financial safety cushions in Cypriot banks.
Investors may visit Cyprus anytime and stay for as long as they wish. They may move to the country or create a “plan B”, with housing and financial safety cushions in Cypriot banks.
6
High quality of life
Cyprus has been included in the IMF list of developed economies since 2001. According to the Human Development Index, Cyprus ranks 29th in the world.
Cyprus has been included in the IMF list of developed economies since 2001. According to the Human Development Index, Cyprus ranks 29th in the world.
7
Access to quality healthcare and education
Cyprus residents may get an education in local schools and universities and turn to medical help from local facilities.
Cyprus residents may get an education in local schools and universities and turn to medical help from local facilities.
8
Fast procedure
Application processing lasts for about 4 months, and the entire procedure takes 9+ months.
Application processing lasts for about 4 months, and the entire procedure takes 9+ months.
9
Residency for the whole family
Investors’ spouses and children may participate in the program.
Investors’ spouses and children may participate in the program.
10
Investment return
If an investor acquires citizenship or ordinary permanent residence after living in the country for 5+ years, they may return the investment, for example, by selling their properties.
If an investor acquires citizenship or ordinary permanent residence after living in the country for 5+ years, they may return the investment, for example, by selling their properties.
Get maximum information about the process
Step by step procedure
Requirements for applicants
Necessary documents
Answers to frequently asked questions
Trusted by 500+ investorsWho can get Cyprus permanent residence
Investment options for Cyprus permanent residence
The investor can choose from several investment options of €300,000: buy residential or commercial real estate, shares of Cypriot companies or units of local investment funds.
If the applicant has chosen to invest in non-residential property, buying or renting housing on the island will also be necessary. In this case, there are no space or cost requirements.
Investments can be returned only after the permanent residence expiration or obtaining citizenship.
1 option
Purchase of residential property — €300,000+
The investor can buy one or two new properties with a total value of €300,000 plus VAT. The standard VAT rate is 19%. But if the property is the only housing and the investor plans to live there and not rent it out, VAT is reduced to 5%. It is not possible to buy a resale property.
Immigrant Invest has a database with hundreds of reliable properties, including those at the construction stage, which our clients can buy without a commission. Our lawyers will organize a trip and accompany investors when choosing a property.
Investor
Married couple
Family of 3 or more people
Purchase of a residential property
€300,000+
€300,000+
€300,000+
VAT
€15,000+
€15,000+
€15,000+
Legal services
1% of the transaction amount
1% of the transaction amount
1% of the transaction amount
+ €500 per each additional applicant
Confirmation of income
€50,000+ per year
€65,000+ per year
€75,000 per year
+€10,000 per each child, starting with the 2nd one
Immigration submission fee
€500
€500
€500
+ €500 per child over 18
Registration fees
€70+
€140+
€210+
+ €70 per family member starting with the fourth one
Fee for a permanent residence card
€70
€140
€210
+ €70 per family member starting with the fourth one
2 option
Purchase of commercial property — €300,000+
The investor can buy one or two commercial properties with a total value of €300,000 plus VAT. The property can be new or for resale. Offices, shops, hotels or a combination worth at least €300,000 qualify as commercial properties under the option.
Investor
Married couple
Family of 3 or more people
Purchase of a residential property
€300,000+
€300,000+
€300,000+
VAT
€57,000+
€57,000+
€57,000+
Legal services
1% of the transaction amount
1% of the transaction amount
1% of the transaction amount
+ €500 per each additional applicant
Confirmation of income
€50,000+ per year
€65,000+ per year
€75,000 per year
+€10,000 per each child, starting with the 2nd one
Immigration submission fee
€500
€500
€500
+ €500 per child over 18
Registration fees
€70+
€140+
€210+
+ €70 per family member starting with the fourth one
Fee for a permanent residence card
€70
€140
€210
+ €70 per family member starting with the fourth one
3 option
Shares of Cypriot companies — €300,000+
Equity investment in a Cypriot company that conducts business and employs at least 5 people in Cyprus.
4 option
Purchase of securities — €300,000+
Investments in units of Cypriot investment funds in the form of AIF, AIFLNP, and RAIF.
Investor
Married couple
Family of 3 or more people
Investment option:
1. Shares of Cypriot companies
2. Units of Cypriot investment funds
€300,000+
€300,000+
€300,000+
Confirmation of income
€50,000+ per year
€65,000+ per year
€75,000 per year
+€10,000 per each child, starting with the 2nd one
Immigration submission fee
€500
€500
€500
+ €500 per child over 18
Registration fees
€70+
€140+
€210+
+ €70 per family member starting with the fourth one
Fee for a permanent residence card
€70
€140
€210
+ €70 per family member starting with the fourth one
Expenses for a family of 3
The investor, a spouse and a child
Individual cost calculation for Cyprus permanent residence
Get an individual calculation for your family with all associated costs and government fees
Trusted by 500+ investorsReal estate under the Cyprus permanent residence program
Cyprus, Limassol
€375,000 — €549,000
Apartments in a unique closed residential eco-project
96 m² — 102 m²
1—3 
1—3 
Cyprus, Paphos
€1,560,000 — €1,600,000
Turnkey premium villa with smart home system
327 m² — 341 m²3 3 
Cyprus, Limassol
€2,400,000+
Luxurious apartments in a new residential complex by the sea
182 m²3 3 Step-by-step procedure for obtaining Cyprus permanent residence
Obtaining Cyprus permanent residence by investment takes about 9 months. Everything can be done remotely, so flying to the island is unnecessary. The applicant only needs to collect documents and select an investment object.
1 day
Preliminary Due Diligence
Due Diligence is a mandatory step in any residency program for investors. Its results define whether the investor becomes a resident of the country.
To increase the chances of approval, Immigrant Invest conducts preliminary Due Diligence.
A certified Anti Money Laundering Officer checks the investor’s documents and searches for information about them in international databases. If there is a problem, we suggest a solution, such as attaching an affidavit to the application or choosing another program.
The check is confidential and takes only one business day. Thanks to it, the rejection risk reduces to 1%.
Take a short anonymous test and learn more about the nuances of Due Diligence checks.
2+ weeks
Preparation of documents
Immigrant Invest’s lawyers assist in preparing the required documents and completing government forms.
The main set of documents includes:
-
A completed MIP1 application form.
-
Originals and copies of valid passports of all the applicants.
-
A main applicant’s biography.
-
A declaration confirming an annual income of at least €50,000.
-
A confirmation of investment.
-
Proof of a permanent address in Cyprus.
-
A statement on the absence of employment in Cyprus.
-
A certificate of no criminal record for the main applicant and their spouse.
-
A marriage certificate.
-
A birth certificate.
-
Medical insurance for the whole family.
1+ months
Fulfilment of investment conditions
When buying a property, we submit documents to the Department of Lands and Surveys of Cyprus, including an application to reduce the VAT rate to 5%. The investor transfers €300,000 and VAT to the developer. The first instalment under the contract is paid with a standard VAT rate of 19%. Once a VAT reduction certificate is received, an excess of 14% will be deducted from future payments.
We have our own database of properties, including those under construction. We will help you decide on the type of investment or choose a property, draw up a contract of sale and conduct a deal.
3—6 months
Application submission and processing with documents
Immigrant Invest’s representative in Cyprus submits the application and required documents on behalf of the investor to the Civil Registry and Migration Department. The Department reviews the application and informs Immigrant Invest of the decision.
1+ days
Submission of biometrics
When the application is approved, the investor and their family members included in the application visit Cyprus to submit their biometric data.
Immigrant Invest’s lawyers schedule appointments in advance and assist with obtaining a visa that permits travel to Cyprus.
Up to 1.5 months
Application processing and obtaining permanent residence
Permanent residence cards are issued within 40 days of the biometric submission. The cards must be collected in person at the Civil Registry and Migration Department.
Case studies
Cyprus
Permanent residence and Immigrant Invest stay with you
Everyday life issues remain after obtaining permanent residence in Cyprus as the investor has to communicate with banks, the migration service and other officials. We will help to get the necessary documents and make everything go smoothly.
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Let's discuss the details
Schedule a meeting at one of the offices or online. A lawyer will analyze the situation, calculate the cost and help you find a solution based on your goals.
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Frequently asked questions
Cyprus permanent residence holders may live in the country or visit it anytime, optimise taxes, register a company, and get access to Cypriot education and healthcare. Also, investors may apply for citizenship after 8 years of living in the country and get even more benefits.
Spouses and children of investors may also participate in the program.
Yes. Investors may include spouses and children in their applications.
Adult children must be students under 25, unmarried and financially dependent on the investors. Children with disabilities may participate regardless of age.
Application processing for Cyprus permanent residence by investment usually takes about two months.
Yes, they are. All investments can be returned after the permanent residence expiration or obtaining citizenship. If you sell securities before this time, the status will be cancelled. If the investor sells real estate, they must buy another property for the same or higher price.
The minimum investment amount is €300,000. The investor also needs to pay €500+ for the application processing and get medical insurance. If the applicant invests in non-residential property, it will also be necessary to buy or rent a property on the island.
The citizenship by investment program is suspended in Cyprus. Previously, an investor could get the country’s passport by investing 2 million euros.
A Cypriot permanent resident can become a citizen after 8 years of living on the island. Additionally, they confirm knowledge of the language and culture of Cyprus, as well as pass an interview at the migration service.
It is mandatory to visit the country within a year after the approval of permanent residence — to submit biometric data and receive a permanent residence card. After that, it is enough to visit the island once every two years.
Investors are obliged to prove annually that they have not divested their investment of €300,000 and keep medical insurance for all family members. Every 3 years, all family members over 18 must also submit certificates of no criminal record from the country of citizenship and the country of residence.
A permanent resident without tax residency may not pay tax on global income, including the one from investments: taxes must be paid only on profits earned on the island.
Tax residents must pay income tax on all their income and other taxes. The income tax rate depends on the income amount, e.g. up to €28,000 per year are taxable under 20%, and €60,000 per year — is under 35%.
It is unnecessary to become a tax resident, even if you live in the country for more than 183 days a year.
Articles and news
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Complete guide to obtaining Cyprus permanent residence
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We will develop an individual solution, select a country and status that will solve your problems, and accompany the entire process.
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