Coastal Cyprus View | Savory & Partners
Crest of Cyprus

Program

Cyprus Residency by Investment

Program Overview

QUALIFYING ROUTES

4 Investment Options

Minimum Investment

€300,000

APPLICATION EXAMINATION

Approx. 2 Months

RESIDENCE STATUS

Permanent Residence

Cyprus Residency by Investment Requirements

Cyprus’s expedited investor permanent-residence procedure is available to third-country nationals who make a qualifying investment of at least €300,000 and meet the policy’s income, criminal-record, health-insurance and source-of-funds requirements. The current policy does not require a three-year bank deposit.

Main Applicant Requirements

  • Third-country national
  • Minimum €300,000 qualifying investment
  • Secure annual income of at least €50,000
  • Clean criminal record from country of origin and country of residence, if different
  • Health insurance covering inpatient and outpatient care
  • Qualifying investment funds transferred to Cyprus from abroad and evidenced through the required payment trail
  • No employment in Cyprus, except permitted director employment where the qualifying investment is made in a Cyprus company under the policy

Eligible Dependents

  • Spouse of the main applicant
  • Children under 18
  • Unmarried children aged 18-25 who are tertiary students abroad at the date of application and financially dependent; they submit a separate permit application

Cyprus Residency by Investment Benefits

Dual residency

Permanent Resident status

The residence right is of unlimited validity for the holder and adult dependants. Adult residence cards are valid for 10 years and are replaced on expiry.

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Family Inclusion

The permit can cover a spouse and children under 18. Qualifying unmarried students aged 18-25 may apply separately if they remain financially dependent.

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Investment Flexibility

Applicants may qualify through new residential property, other real estate, a Cyprus company investment or qualifying collective-investment units, from €300,000.

Health & Education

Residence Maintenance

Applicants living outside Cyprus must take up residence within one year of approval. The permit ceases if the holder and dependants are absent from Cyprus for two consecutive years.

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Business Participation

The applicant and spouse may hold shares in Cyprus companies and may act as unpaid directors. Employment is generally restricted, except for director employment in the company used for the qualifying company-investment route.

Legal Basis

CYPRUS | Residency by Investment

Legal Basis

Cyprus investor permanent residence is granted under Regulation 6(2) of the Aliens and Immigration Regulations and the current expedited investor policy, 4th Revision, effective 2 May 2023. Applicants must satisfy one of the qualifying investment criteria and the applicable quality criteria. Complete applications are examined by the Migration Department under the expedited procedure and are submitted for decision to the Deputy Minister of Migration and International Protection. The residence right is of unlimited validity; adult residence cards are replaced every 10 years.

Costs of Cyprus Permanent Residency

You must prove that you meet the following requirements:
1) Applicants must invest at least €300,000 in one of the following categories:
A) House / apartment: first-sale property purchased from a development company, minimum €300,000 plus VAT. B) Other real estate: offices, shops, hotels or related developments, including qualifying resale property, total minimum €300,000. C) Cyprus company share capital: minimum €300,000 in a qualifying Cyprus company with physical presence in Cyprus and at least five employees. D) Cyprus collective-investment units: minimum €300,000 in qualifying AIF, AIFLNP or RAIF units whose investments are held in Cyprus. The qualifying investment must be maintained. Disposal without immediate replacement by another qualifying investment of the same or greater value may result in cancellation of the Immigration Permit.

Minimum investment

€300,000

2) Proof of income
You should prove a designated income as a solo investor and an adjusted one if applying with dependents. For the house / apartment route, the qualifying income must derive from abroad. For the other three investment routes, all or part of the income may also derive from activities in Cyprus. The spouse’s income may be included in the calculation.

MAIN APPLICANT

€50,000 secure annual income

SPOUSE

+€15,000

EACH DEPENDENT MINOR CHILD

€10,000

EACH QUALIFYING STUDENT CHILD AGED 18-25

+€10,000

GOVERNMENT FEES

APPLICATION SUBMISSION FEE

€500 for the application / persons included

ALIEN REGISTRATION CERTIFICATE (ARC)

€70 per person, where an ARC does not already exist

Application Process For Cyprus Permanent Residency

Complete applications are handled under an expedited procedure. The Migration Department estimates approximately two months for examination from the date a complete application is submitted, provided the policy criteria are met and there are no criminal-record, public-order or public-security concerns.

Application Process

Approx. 2 Months

*Sample of Residence Card
Cypriot Residency Permit | Savory & Partners
  • Step 1
    Confirm the qualifying investment route, income requirement, family eligibility and source-of-funds position.
  • Step 2
    Prepare Form MIP2 and the required supporting documents. If an authorised representative will submit the file, include the required certified authorisation.
  • Step 3
    Complete the qualifying investment and prepare the payment evidence. For a real-estate route, submit the title deed or sale contract filed with the Department of Lands and Surveys and evidence of at least €300,000 paid excluding VAT; the investment funds must be evidenced as coming from abroad.
  • Step 4
    Submit the complete application to the Migration Department in person or through an authorised representative and pay the €500 application fee plus any applicable €70 ARC fee.
  • Step 5
    The Migration Department handles the file under the expedited procedure and submits it for decision. The published examination estimate is approximately two months from a complete submission.
  • Step 6
    After approval, applicants residing abroad must take up residence in Cyprus within one year. Maintain the qualifying investment and required health-insurance position; the applicant and adult family members submit clean criminal-record certificates every three years. The permit ceases if the holder acquires permanent residence abroad or is absent from Cyprus for two consecutive years.
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PORTUGAL | RESIDENCY BY INVESTMENT

READY TO APPLY?

Visa-free Countries with Cyprus Residency

When you become a permanent resident of Cyprus, you can travel freely to and from Cyprus. As Cyprus is not part of the Schengen, you cannot travel freely within the Schengen area; there are exceptions for some countries, but certain conditions apply.

Visa-free countries

1 Country

Visa-free access

  • Cyprus

Client Success Stories

World-Class Healthcare as an EU Citizen

The Challenge

Our client, a Pakistani entrepreneur, had always dreamt of providing his family with a better future, both in terms of opportunities and quality of life. After hearing about Malta's Residency by Investment program, he decided to take action.

In 2022, he successfully secured residency for himself, his wife, and their elderly parents. This allowed them to live in Malta while enjoying the benefits of an EU residency. The program promised eventual citizenship after one year of residency, which was exactly what they hoped for.

However, shortly after they moved to Malta, the client's mother was diagnosed with breast cancer. The news came as a shock, and the gravity of the situation hit hard. His mother, who had always been a source of strength for the family, now faced a life-threatening illness.

With her health at risk, the family’s immediate concern became securing the best possible treatment. This meant having access to world-class medical facilities without delay, as they didn’t have the luxury of time to wait for appointments or referrals.

The client knew that Malta's healthcare system was ranked among the best in Europe, but he wasn’t sure how quickly they could get the care his mother urgently needed. He reached out to us for guidance, hoping we could help expedite her treatment in this crucial time.

Our Solution

We immediately got to work, leveraging our extensive knowledge of Malta’s Residency by Investment program. Thanks to his status as a resident, our client had already been granted access to Malta's renowned healthcare system.

The country ranks 5th globally in healthcare quality according to the World Health Organization. It was a relief to know that his mother would receive top-notch treatment, but now we had to make the process as smooth and quick as possible.

We guided our client through the available healthcare options, helping him navigate the local medical landscape to ensure his mother could get the immediate care she required.

We recommended one of the top breast care clinics in Malta, known for its cutting-edge treatments and specialized care. She was able to get an immediate consultation, and the team quickly devised a treatment plan to address her condition.

During this time, our client’s family was in the process of completing their citizenship application, which they were eligible for after just one year of residency. As soon as they were granted citizenship, our client and his parents could travel across Europe more easily. This proved invaluable when the family made the decision to seek additional treatment in France, one of the leading countries in cancer care.

The Result

With the support of Malta’s exceptional healthcare system, the client’s mother successfully completed her treatment. Now fully recovered, the family has returned to Malta, enjoying the security of citizenship, access to free public healthcare, and the social benefits of living in a safe and vibrant country.

Why Choose Malta Citizenship?

Malta's Citizenship by Investment program offers a multitude of advantages that make it an ideal choice for investors and their families:

  1. Access to Malta’s top-tier healthcare system, ranked among the world’s best
  2. Visa-free travel to over 160 countries, including the USA and Canada
  3. Ability to live, work, and study anywhere within the EU
  4. Long-term security with family inclusion options
  5. Free public healthcare, education, and social services
  6. Stable and growing economy with opportunities to establish a business

Investment Requirements:

  • A contribution of at least €750,000 for a minimum residency period of 12 months and €600,000 for 36 months.
  • Property Investment: Minimum of €700,000 for purchasing a property or €16,000 annual rental agreement.
  • Donation: €10,000 to a charitable cause designated by the government.
  • Residency Requirement: 12 months of residency before applying for citizenship.

Download brochure

Content

  • Cyprus Country profile
  • Benefits of the program
  • Investment requirements
  • Investment process

Length

4 pages

Language

English & Arabic

size

1 mb

ABOUT CYPRUS

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CAPITAL

Nicosia

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TOTAL AREA

9,251 km²

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POPULATION

1.347 million

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LANGUAGE(S)

Greek, Turkish

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CURRENCY

Euro (EUR)

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EXCHANGE RATE

$1 = €0.92

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GDP – PER CAPITA (2025)

$41,130

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GDP – TOTAL (2025)

$61.30 billion

About Cyprus

Officially known as the Republic of Cyprus, the nation has a population of over 1.3 million.

With a GDP of more than $40,000 per capita, the country is an advanced, high-income economy with a respectable score on the UN Human Development Index.

Cyprus boasts an established offshore banking sector and amongst the lowest corporation taxes in the EU, making for attractive international tax-planning possibilities, plus many tax exemptions exist for non-residents with free trade within The Island has signed double taxation treaties with 50+ countries.

Offering a warm Mediterranean climate, the island receives over 300 days of sunshine per year.

There is an excellent education system with some high standard schools and universities and first-rate healthcare.

Tourism, financial services and shipping contribute significantly to the economy, and offshore gas fields have been discovered in the 21st century.

Real estate yields and prices are increasing in a country that is proving increasingly attractive to property investors.

Where is Cyprus?

Cyprus is the third largest and third-most populous island in the Mediterranean. It lies east of Greece, north of Egypt, south of Türkiye, and west of Lebanon and Syria.

CYPRUS | Residency by Investment

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