Cyprus Permanent Residency by Investment
Explore the Cyprus Permanent Residency by Investment Program: real estate routes, fast-track process, EU access, and long-term benefits.
July 2026
average processing
Investment amount
EUR 300,000
Visa free countries
Residency only (Schengen Access opportunity)
Passing Citizenship to Future Generation
Yes
What is this programme?
Cyprus Permanent Residency by investment grants lifetime residency, access to the EU Schengen Area, and non-domicile tax status for a minimum property investment of EUR 300,000 plus VAT. Approved applicants and their dependants receive a permanent residency permit with no minimum stay requirement and a direct pathway to EU citizenship after eight years.
What is the Cyprus permanent residency investment requirement in 2026?
Cyprus permanent residency requires a minimum property investment of €300,000 (plus VAT) in a qualifying new residential or commercial property. As of January 2026, the requirement that applicants must have no other tax residency was removed — making Cyprus dual-residency compatible with UAE, Swiss Pauschalbesteuerung, and UK FIG arrangements.
What is the Cyprus 60-Day Rule and who benefits from it?
The Cyprus 60-Day Rule allows individuals to establish Cyprus tax residency by spending just 60 days in Cyprus annually, provided they do not reside in any other single country for more than 183 days. Since January 2026, the removal of the no-other-tax-residency condition opens this regime to UAE residents, Swiss Pauschal holders, and UK FIG beneficiaries.
What are the tax advantages of Cyprus permanent residency?
Cyprus permanent residents benefit from 0% tax on dividends, interest, and foreign capital gains under the non-domiciled (non-dom) regime for up to 17 years. There is no inheritance tax, no wealth tax, and no capital gains tax on overseas property. Corporate tax is 12.5% — among the EU's lowest. Contact Mirabello to discuss Cyprus planning.
Dauerhafte Residenz in Zypern — Programmübersicht
Warum Mirabello Consultancy für Ihren Antrag in Zypern wählen? Als von der IMC akkreditiertes und ACAMS-zertifiziertes Büro mit Sitz in Zürich haben wir über 250 Familien zu einer erfolgreichen Einbürgerung mit einer Genehmigungsquote von 99% geführt. Vereinbaren Sie jetzt kostenloses Beratungsgespräch um zu beginnen.
| Investition ab | €300.000 (Neubau) |
| Bearbeitungszeit | 4–6 Monate |
| EU-Status | Ja (noch nicht Schengen) |
| Non-Dom-Regime | Null Steuern auf Dividenden/Zinsen/Kapitalgewinne |
| Staatsbürgerschaft | 8 Jahre Residenz |
Das staatliche Programm für dauerhafte Residenz in Zypern durch Investition, offiziell Regulation 6(2), ermöglicht es Nicht-EU-Bürgern, durch genehmigte Investitionen dauerhafte Residenz zu erlangen. Mit dem Ziel, wirtschaftliches Wachstum anzukurbeln, zieht das Programm ausländische Investoren an, die EU-Residenz durch Investition anstreben, ohne physisch in Zypern zu residieren.
Diese Option ist besonders attraktiv für globale Familien und Unternehmer, die eine sichere Basis innerhalb der Europäischen Union suchen und gleichzeitig Flexibilität und Mobilität bewahren.
What Are the Most Common Questions About Cyprus Permanent Residency by Investment?
Wie viel kostet die dauerhafte Residenz in Zypern durch Investition?
Die dauerhafte Residenz in Zypern durch Investition erfordert eine Mindestinvestition von €300.000. Der beliebteste Weg ist der Erwerb einer neuen Wohnimmobilie von einem Entwickler (Bestandsimmobilien qualifizieren sich nicht). Eine zusätzliche Investition von €300.000 kann in ein zypriotisches Geschäftsunternehmen oder einen Investmentfonds fließen. Der reduzierte Mehrwertsteuersatz von 5% gilt für den ersten Immobilienerwerb. Regierungsgebühren, Anwaltskosten und Due Diligence addieren sich auf ungefähr €5.000–€15.000.
Wie lange dauert die Bearbeitung der dauerhaften Residenz in Zypern?
Anträge auf dauerhafte Residenz in Zypern durch Investition werden in der Regel in 4–6 Monaten bearbeitet. Die Bearbeitung erfolgt durch das Civil Registry and Migration Department (CRMD). Zypern ist eines der effizientesten EU-Residenzprogramme mit einem klaren und wohldefinierten Antragsverfahren. Mirabello Consultancy verfügt über umfangreiche Erfahrung mit zypriotischen Anträgen und kann einen vollständigen Antrag vorbereiten, um Verzögerungen zu vermeiden.
Ist Zypern Teil des Schengen-Raums?
Nein. Zypern ist ein EU-Mitgliedstaat, aber noch kein Mitglied des Schengen-Raums. Dies bedeutet, dass die dauerhafte Residenz in Zypern nicht automatisch das Recht auf uneingeschränktes Reisen in Schengen-Länder gewährt. Zypriotische Einwohner benötigen ein Schengen-Visum für die Einreise in den Schengen-Raum. Zypern sollte dem Schengen-Raum beitreten — wenn dies geschieht, erhalten alle bestehenden Residenzgenehmigungen automatisch Schengen-Reiserechte. Für unmittelbaren Schengen-Zugang sind Griechenland, Portugal oder Malta Alternativen.
Führt die dauerhafte Residenz in Zypern zur Staatsbürgerschaft?
Ja. Nach 8 Jahren legaler Residenz in Zypern können Sie einen Antrag auf zypriotische Staatsbürgerschaft durch Einbürgerung stellen. Sie müssen ausreichende Griechischkenntnisse (Niveau B1) und bürgerliche Integration nachweisen. Die zypriotische Staatsbürgerschaft bietet einen EU-Pass, der weltweit auf Platz 12 rangiert (186 visumfreie Länder), Freizügigkeit in der EU in 27 Mitgliedstaaten und Zugang zu den USA und dem Vereinigten Königreich ohne Visumverpflichtungen.
Welche Steuervergünstigungen bietet Zypern Residenten-Investoren?
Zypern bietet ein Non-Domicile-Steuerregime (Non-Dom) mit erheblichen Vorteilen: Null Steuern auf Dividendeneinkommen, Null Steuern auf Zinsertrag, und Null Steuern auf Kapitalgewinne für Non-Dom-Einwohner. Keine Erbschaftsteuer. Die 60-Tage-Regel erlaubt Steuerwohnsitz in Zypern, wenn Sie nur 60 Tage pro Jahr im Land verbringen. Die Körperschaftsteuer beträgt 12,5% — eine der niedrigsten in der EU. Zypern hat bilaterale Steuertreffen mit über 65 Ländern.
Welche Art von Immobilie qualifiziert sich für die dauerhafte Residenz in Zypern?
Für die dauerhafte Residenz in Zypern durch Investition muss die Immobilie eine Neubau sein und direkt von einem Entwickler erworben werden — Bestandsimmobilien (Sekundärmarkt) qualifizieren sich nicht. Berechtigte Immobilientypen sind Wohnwohnungen und Villen. Der Kaufpreis muss mindestens €300.000 (exklusiv Mehrwertsteuer) betragen. Der reduzierte Mehrwertsteuersatz von 5% (anstelle des Standardsatzes von 19%) gilt für die ersten €350.000 des Kaufpreises und senkt die Gesamtinvestitionskosten.
Wer kann als unterhaltsberechtiges Familienmitglied in die dauerhafte Residenz in Zypern einbezogen werden?
Die dauerhafte Residenz in Zypern durch Investition umfasst: den Ehepartner, unterhaltsberechtigte Kinder (einschließlich Schüler bis 25 Jahren in Vollzeitausbildung), sowie die Eltern und Schwiegereltern des Antragstellers und des Ehepartners. Minderjährige Kinder benötigen keine Investition — sie sind im Hauptantrag einbezogen. Unterhaltsberechtigte erwachsene Kinder müssen finanzielle Abhängigkeit nachweisen. Diese breite Familieneinbeziehung macht Zypern besonders attraktiv für mehrgenerationale Anträge.
Does Cyprus Permanent Residency Include Schengen Travel Rights?
Cyprus is an EU member state but not yet in the Schengen Area, so Cyprus permanent residency does not automatically grant Schengen travel rights in 2026. Cyprus permanent residents need a Schengen visa for other EU member states. Cyprus's Schengen accession remains pending — when it joins, existing residency permits will automatically gain Schengen travel access for all holders.
For immediate Schengen travel without a visa, investors with European residency as a priority should consider Greece Golden Visa (Schengen) or Portugal Golden Visa (Schengen). Cyprus remains the best EU non-dom regime for tax planning. Compare programmes with Mirabello.
Can Cyprus Permanent Residency Be Combined With UAE or UK Tax Arrangements?
Yes. Since January 2026, the Cyprus permanent residency programme removed the requirement that applicants must have no other tax residency. This makes Cyprus fully compatible with UAE Golden Visa holders, UK non-doms under the FIG regime, and Swiss Pauschalbesteuerung holders. Investors can now hold Cyprus residency alongside existing Gulf, UK, or Swiss arrangements simultaneously.
This change makes Cyprus particularly valuable for multi-residency tax planning strategies. The Cyprus 60-day tax residency rule (spending just 60 days in Cyprus) can be activated without giving up other residency arrangements. Read our detailed guide on the Cyprus 60-Day Rule and dual residency. Speak with Mirabello to plan your multi-residency structure. Compare Cyprus with Malta, Greece and other EU residency programmes in our interactive programme comparison grid, or see how Cyprus ranks in the Mirabello Investment Migration Index.
What Are the Tax Benefits of Cyprus Non-Domicile Residency Status?
Cyprus's non-domicile (non-dom) regime exempts qualifying residents from all Special Defence Contribution (SDC) tax on dividends, interest, and rental income earned abroad — typically 17% on dividends and 30% on interest for ordinary residents. Non-dom status applies for up to 17 consecutive tax years and is available to any person spending 60+ days in Cyprus who was not a Cyprus tax resident in the preceding 20 years.
Cyprus non-dom status is particularly powerful for investors holding foreign dividend-paying portfolios, offshore holding companies, and rental property abroad — all SDC-exempt. Combined with Cyprus's 0% capital gains tax on share disposals and 12.5% corporate tax, Cyprus offers one of the EU's most competitive overall tax profiles. Discuss Cyprus non-dom planning with Mirabello Consultancy.
What Property Investment Is Required for Cyprus Permanent Residency?
Cyprus Permanent Residency by investment requires purchase of a new residential property from a developer with a minimum purchase price of €300,000 (VAT-inclusive), or a commercial property of equivalent value. The property must be retained for the lifetime of the residency — there is no disposal period. Government fees of €500 per applicant apply, and the property cannot be a resale unit for the €300,000 route.
The €300,000 minimum applies to a single property — investors may not combine multiple lower-value properties to meet the threshold. Properties in Limassol, Nicosia, Larnaca, Paphos, and Famagusta all qualify. Mirabello Consultancy maintains relationships with approved Cyprus developers and can shortlist qualifying new developments by location, investment size, and rental yield profile. Request a Cyprus qualifying property list from Mirabello.
How Long Does Cyprus Permanent Residency Take to Process?
Cyprus Permanent Residency (Category F immigration permit) is issued by the Civil Registry and Migration Department (CRMD) within 4–6 months of a complete application submission. The permit is granted for life with no expiry and no annual renewal requirement. Holders must visit Cyprus at least once every two years to maintain status. Family dependants are covered under the same permit without separate applications.
Processing times have remained stable at 4–6 months since the streamlined Category F investor route launched in 2021. The permit is not subject to numerical limits — there is no quota. Mirabello Consultancy manages the full application lifecycle from property acquisition to permit collection. Begin your Cyprus permanent residency application with Mirabello.
Which Family Members Can Be Included in a Cyprus Residency Application?
Cyprus Permanent Residency covers the principal investor's spouse or civil partner and dependent children under 18 (or under 25 if enrolled in full-time education). Parents and in-laws of the investor are not automatically included but may apply separately for their own Category F permits if they have qualifying income. All family members receive lifetime permits simultaneously with the main applicant.
Each adult dependant (18+) requires their own biometric residence permit application. Children under 18 are included on the principal's permit. Mirabello Consultancy manages multi-person family applications and advises on structuring for parents and in-laws seeking independent Cyprus residency. Request a family Cyprus residency plan from Mirabello.
Send Application
What are the programme benefits?
Cyprus Permanent Residency grants lifetime EU residency with access to the Schengen travel zone, non-domicile tax status with zero tax on worldwide dividends and interest for 17 years, and full family inclusion in a single application. Holders may reside, own property, and enrol children in Cypriot schools and universities without further visa requirements.
- Residency in an EU Member State
Cyprus has one of the fastest EU residency by investment programs, granting Permanent Residency (PR) in about 2 months. - Inclusion of Family Members
Include spouse, minor children, unmarried adult children (up to 25), and dependent parents of both spouses under one application. - No Physical Residency Requirement
There is no need to live in Cyprus. A single visit every two years is sufficient to maintain your Cyprus permanent resident permit. - Access to Quality Education and Healthcare
PR holders can access Cyprus’s reputable private schools and medical services, offering European standards of living. - Strategic Business Location
As a hub between Europe, Asia, and Africa, Cyprus provides excellent conditions for international business operations. - Tax-Efficient Environment
Cyprus has one of the most attractive tax regimes in Europe, including exemptions on dividends and foreign income.
Pathway to Citizenship
Although the PR route is not direct citizenship, long-term residents may eventually qualify for naturalization under standard conditions.
What are the requirements and who is eligible?
General Requirements:
- Clean Criminal Record: From the applicant’s country of origin and residence.
- Visit to Cyprus: At least once every two years.
- Valid Passport and Health Insurance: For the applicant and dependents.
- Proof of Funds: To demonstrate a stable income source from abroad.
Documentation Includes:
- Passport copies
- Property contracts or share certificates
- Bank confirmations
- Medical insurance
- Affidavit of income
Investment Options
To qualify under the Cyprus investment options for residency, applicants must invest a minimum of EUR 300,000 (plus VAT) in one of the following categories:
About
Cyprus
Cyprus is a thriving EU island nation with over 300 days of sunshine a year, excellent infrastructure, and a high standard of living. English is widely spoken, and the legal system is based on English Common Law, ensuring familiarity for international investors. Strategically located at the crossroads of three continents, Cyprus offers a unique balance of lifestyle, investment opportunity, and geopolitical access.
Capital
Nicosia
Total Area
9,251 km2
Population
1.25 m.
Language
Greek , Turkish
Timeline
The Cyprus residency program offers a streamlined and transparent process, typically completed within two to three months. Below is a step-by-step overview of the key stages, from your initial consultation to receiving your Cyprus permanent resident permit. With expert guidance and timely preparation, the path to EU residency is both efficient and predictable.
Day 1
Consultation with Mirabello Consultancy
Your journey begins with a strategic consultation with Mirabello Consultancy, an authorized advisor for the Cyprus residency program. During this session:
- Your eligibility and residency goals will be assessed.
- Available Cyprus investment options for residency will be discussed.
- The full process, Cyprus PR requirements, and timeline will be clearly explained.
Weeks 1-4
Document Preparation
During this stage, Mirabello Consultancy will assist you in preparing all necessary documentation, including:
- Personal Documents: Passports, birth/marriage certificates (if applicable).
- Proof of Income: Documents showing secure income from abroad (minimum €50,000/year for the main applicant).
- Medical Certificate: Statement confirming good health.
- Property or Investment Agreement: Purchase contract or share certificate.
- Application Forms: All official forms completed and signed.
Weeks 5–6
Application Submission
Once documentation is complete, your application will be submitted to the Civil Registry and Migration Department in Cyprus. This includes:
- Submission of investment proof (e.g., Cyprus real estate residency contracts).
- Government application fee payment.
- Filing of biometric data appointment request
Weeks 7–10
Review and Approval
Authorities conduct a detailed review of your file and verify compliance with the Cyprus PR requirements.
- There are no interviews or personal presence required during review.
- You will receive an official approval letter if all conditions are met.
- Processing usually takes 4–6 weeks from submission.
Week 11
Biometrics and Residency Card Collection
Upon approval, you must visit Cyprus to:
- Submit biometric data (fingerprints, signature, and photo).
- Receive your Cyprus permanent resident permit in card format.
- Visit may include inspection of the investment property, if applicable.
Schedule your free consultation today and secure your future!
Schedule free consultation now and explore how we can assist you on your investment journey.
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How is it taxed?
Cyprus offers a highly favorable tax environment for individuals and businesses, making it one of the most attractive jurisdictions in the European Union for international investors. The country’s tax framework is aligned with EU standards while providing substantial incentives for foreign residents, including those holding a Cyprus permanent resident permit.
Key Tax Benefits for PR Holders
Cyprus non-domicile status exempts qualifying residents from Special Defence Contribution (SDC) tax on all foreign dividends, interest, and rental income, typically saving 17-30% on those income streams. Non-dom status is available to anyone spending 60+ days per year in Cyprus and lasts up to 17 consecutive tax years. Cyprus also levies 0% capital gains tax on share disposals.
- No Inheritance or Wealth Tax
Cyprus does not impose inheritance tax, gift tax, or tax on global wealth—allowing you to preserve and transfer wealth efficiently. - Non-Domicile Tax Regime
Investors who obtain PR status and are classified as non-domiciled residents can enjoy exemption from taxes on dividends and interest income for 17 years. - Low Corporate Tax Rate
Cyprus maintains one of the lowest corporate income tax rates in the EU at 12.5%, making it an ideal base for international business operations. - No Tax on Foreign Income
Foreign-sourced income, including pensions, dividends, and capital gains from outside Cyprus, is generally not taxed for non-domiciled residents. - Double Taxation Treaties
Cyprus has an extensive network of double taxation treaties with more than 65 countries, ensuring that income is not taxed twice. - Capital Gains Tax (CGT)
CGT applies only to the sale of property located in Cyprus. Gains from the sale of shares and overseas real estate are exempt.
Value Added Tax (VAT)
The standard VAT rate is 19%, with reduced rates of 5% or 9% for essential goods and services. For first-time property buyers, a reduced VAT of 5% may apply.
Is dual citizenship allowed?
Cyprus permits dual citizenship, allowing investors to retain their original nationality while enjoying the full rights of permanent residency or, in the future, citizenship under naturalization. Holding dual status enables individuals to benefit from the Cyprus residency program without renouncing existing ties. It offers enhanced global mobility, access to the EU market, and a flexible lifestyle across multiple jurisdictions. This legal provision makes Cyprus especially attractive for international investors seeking EU residency by investment while maintaining freedom of movement and uninterrupted business or family commitments worldwide.
Send Application
Citizenship
Residency
Acquisition Process
Step 1: Initial Consultation
Mirabello Consultancy's initial Cyprus consultation assesses eligibility, selects a qualifying property from approved developers, and prepares a personalised application plan. The consultation covers investment structuring, property selection by location and yield profile, and documentation requirements. This initial meeting is confidential and at no charge. Cyprus Permanent Residency processing begins with Mirabello's curated property shortlist.
We assess your goals and eligibility for Cyprus immigration investment and help you select the optimal investment route.
Step 2: Investment and Documentation
The Cyprus qualifying property is selected and a reservation agreement is signed with an approved developer. Mirabello Consultancy prepares all application documents: certified passport, source-of-funds evidence, 12-month bank statements, criminal record certificate, a medical certificate, and health insurance documentation. All documents are notarised and officially translated prior to submission to the Civil Registry and Migration Department (CRMD).
Secure your chosen investment—typically Cyprus real estate residency—and prepare the required legal documentation.
Step 3: Application Submission
The Cyprus Category F immigration permit application is submitted to the CRMD by Mirabello Consultancy on behalf of the applicant. The application includes all notarised documents, the property reservation agreement, and the EUR 500 government fee per applicant. A confirmation receipt is issued by the CRMD within 10 working days of submission. Family members are included in the same application.
We submit your application to the Civil Registry and Migration Department on your behalf.
Step 4: Review and Approval
The CRMD conducts a thorough background review including criminal record verification and financial due diligence. The review typically takes 4-6 months for a complete application. Applicants with complex backgrounds or multi-country residency histories should allow up to 8 months. Mirabello Consultancy provides regular status updates and responds to any CRMD information requests during this review stage.
Authorities conduct a background check and verify compliance. A decision is typically issued within 2 months.
Step 5: Biometric Submission and PR Card Issuance
Upon CRMD approval, applicants visit Cyprus for biometric enrolment at a CRMD immigration office. The Cyprus Permanent Residency card (Category F permit) is issued within 2-4 weeks of biometric collection. The permit has no expiry date and requires no annual renewal. Family dependants receive their own permit cards simultaneously. Mirabello Consultancy manages all biometric appointments and card collection.
Once approved, you and your family will visit Cyprus to submit biometrics and collect your Cyprus permanent resident permit.
Ready to Start Your Cyprus Citizenship Journey?
Mirabello Consultancy manages every stage of the Cyprus Permanent Residency application from property selection to permit issuance. With a 99% approval rate and a track record of 350+ successful residency applications across Europe and the Gulf, Mirabello provides a complete, compliant, and efficient advisory process. Contact Mirabello Consultancy in Zurich to begin your Cyprus Permanent Residency application.
Mirabello Consultancy handles every step — eligibility assessment, document preparation, application submission, and passport delivery. 99% approval rate. Swiss precision. IMC-accredited.
Have questions? We have answers
How can I get permanent residency in Cyprus through investment?
You can obtain Cyprus permanent residency by investing a minimum of €300,000 (plus VAT) in government-approved real estate or other eligible investment categories and meeting the required income and documentation criteria.
What are the benefits of Cyprus permanent residency for my family?
The program allows you to include your spouse, children under 25, and both sets of parents. It offers access to Cyprus’s healthcare, education, EU lifestyle, and long-term security without physical residency obligations.
How long does it take to get Cyprus residency by investment?
The entire process typically takes 2 to 3 months, from initial consultation and investment to receiving your Cyprus permanent resident permit.
What are the tax advantages of being a Cyprus resident?
Cyprus offers a highly competitive tax regime. Non-domiciled residents benefit from exemptions on dividends and interest income for up to 17 years. There is no inheritance tax, no wealth tax, and no taxation on foreign-sourced income. Additionally, the corporate tax rate is one of the lowest in the EU at 12.5%, making Cyprus an attractive destination for both individuals and international businesses.
What is the minimum real estate investment required for Cyprus permanent residency in 2026?
The minimum real estate investment for Cyprus permanent residency is EUR 300,000 (plus VAT). This must be spent on new residential property purchased directly from a developer. The property can be a single unit or a combination of up to two units within the same development.
- Property type: Must be new (first sale from developer), not resale
- Payment: At least EUR 200,000 must be paid before submitting your application
- Retention: You must retain ownership of the qualifying property for the duration of your residency permit
- Rental income: You are permitted to rent out the property and earn income from it
In addition to the property investment, applicants must demonstrate a minimum annual income of EUR 50,000 from abroad and deposit at least EUR 30,000 in a Cypriot bank for three years. Contact Mirabello Consultancy for a complimentary assessment of your eligibility.
Can I get Cyprus citizenship through the permanent residency programme?
Yes, Cyprus permanent residency can serve as a pathway to full EU citizenship. After holding permanent residency for a continuous period, you may apply for Cypriot citizenship through naturalisation after eight years of legal residence. During the final year before your application, you must have resided in Cyprus continuously.
- Timeline: 8 years of legal residency required before citizenship application
- Language: Basic knowledge of Greek is expected for naturalisation
- Physical presence: You must demonstrate genuine ties to Cyprus, though the permanent residency permit itself only requires you to visit once every two years
- EU passport: Once granted citizenship, you receive full EU citizenship with the right to live and work across all 27 EU member states
This makes Cyprus one of the more affordable routes to eventual EU citizenship, particularly compared to programmes in Malta or Portugal. Mirabello Consultancy can guide you through both the residency and eventual citizenship pathway.
Do I need to live in Cyprus to maintain my permanent residency permit?
No, Cyprus has one of the most flexible residency maintenance requirements in Europe. To keep your permanent residency permit active, you are only required to visit Cyprus once every two years. There is no minimum number of days you must spend in the country annually.
- Visit frequency: At least one visit every 24 months
- No minimum stay: Even a short visit satisfies the requirement
- Lifetime validity: The permit does not expire, provided you maintain the qualifying investment and visit requirement
- Property retention: You must continue to own the qualifying real estate
This makes Cyprus particularly attractive for investors and business professionals who need European residency without the obligation of physical relocation. You can maintain your primary residence elsewhere whilst holding a valid EU residency permit. Mirabello Consultancy can help you structure your application to maximise flexibility.
What income requirements must I meet for Cyprus residency by investment in 2026?
Applicants for Cyprus permanent residency must demonstrate a minimum annual income of EUR 50,000 from sources outside Cyprus. This income requirement increases by EUR 15,000 for each dependent spouse and EUR 10,000 for each dependent child included in the application.
- Main applicant: EUR 50,000 per year from abroad
- Spouse: Additional EUR 15,000 per year
- Each child: Additional EUR 10,000 per year
- Acceptable sources: Employment income, business profits, dividends, rental income, pensions, or investment returns
- Bank deposit: EUR 30,000 must be deposited in a Cypriot bank account for a minimum of three years
The income must originate from outside Cyprus and be demonstrably stable. You will need to provide supporting documentation such as employment contracts, company accounts, or bank statements covering the previous two to three years. Mirabello Consultancy can advise on how best to present your financial profile.
Is Cyprus part of the Schengen Area for residency permit holders?
Cyprus is a full member of the European Union but is not yet part of the Schengen Area. This means that whilst a Cyprus permanent residency permit grants you the right to live in Cyprus and access certain EU benefits, it does not automatically provide visa-free travel throughout the Schengen zone in the same way as permits from Schengen member states.
- EU membership: Cyprus joined the EU in 2004 and residents benefit from EU-wide protections
- Schengen status: Cyprus has been approved to join Schengen and accession is expected, though no confirmed date has been set as of 2026
- Travel: Cyprus residents may still travel to Schengen countries, but standard visa rules apply based on your passport nationality
- Citizenship advantage: Once you obtain Cypriot citizenship (after 8 years), you receive an EU passport with full Schengen access
Despite not being in Schengen currently, Cyprus residency remains highly attractive for its EU membership, favourable tax regime, and pathway to full European citizenship. Contact Mirabello Consultancy for personalised guidance.
What documents are required for a Cyprus permanent residency application?
The Cyprus permanent residency application requires a comprehensive set of documents to satisfy immigration and financial verification requirements. All documents must be officially translated into Greek or English and apostilled or authenticated as appropriate.
- Personal documents: Valid passport (minimum 2 years validity), birth certificate, marriage certificate (if applicable), and clean criminal record certificate from your country of residence
- Financial evidence: Bank statements demonstrating EUR 50,000+ annual income from abroad, proof of EUR 30,000 deposit in a Cypriot bank, and confirmation of the property purchase
- Property documents: Title deed or contract of sale for the qualifying property (minimum EUR 300,000), proof of payment of at least EUR 200,000
- Declaration: Signed statement that you will not seek employment in Cyprus (income must come from overseas sources)
- Medical insurance: Proof of comprehensive health insurance coverage valid in Cyprus
Mirabello Consultancy provides full document preparation support, including guidance on apostille requirements and certified translations, to ensure your application is complete on first submission.