Cyprus Residence Permit/Residency by Investment Program Requirements

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Becoming a Resident of Cyprus by Investment

Residence in the Republic of Cyprus

An additional requirement that applies, irrespective of the investment option chosen by the applicant, is the purchase of a residential property that will be declared as the applicant’s permanent privately-owned residence in the Republic of Cyprus, the purchase price of which must be at least €500,000 (Five Hundred Thousand Euro) plus V.A.T.

In the case that the applicant has invested in housing unit/ units on the basis of the aforementioned real estate option (02 (a.), the purchase of another permanent residence in Cyprus will not be required, if at least one of these housing units is worth at least €500,000 (Five Hundred Thousand Euro) plus VAT.

However, if the applicant has invested in housing units that are already being used for the purpose of acquiring the Cypriot citizenship via the programme, the above provision will be in force provided that the total amount of the investments including the privately-owned residence, is at least €2,500,000 (Two Million and Five Hundred Thousand Euro).

In case that the purchase value of the permanent privately owned residence in Cyprus exceeds the amount of €500,000 (Five Hundred Thousand Euro), this additional amount can be used for purposes of supplementing the total amount of the investment made on the basis of the criteria 2.(a)-(d) above.

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