Permanent Residency

Secure your property investment in Cyprus with Mesitis Real Estate Agents Ltd. We provide premium real estate services across the island, connecting you with quality opportunities in key locations. For clients who wish to explore immigration options, we can support the process by introducing property investments that may meet the Cyprus Permanent Residency Program criteria, subject to meeting all current requirements and approval by the competent authorities.

With a reputation built on trust, expertise, and results, we are your partner in exploring the lifestyle and long term value Cyprus offers.

Why Choose Cyprus?

Cyprus Permanent Residence by Investment (Fast Track)

Cyprus provides a fast-track route to permanent residence for non-EU nationals through the Cyprus Permanent Residency Program for investors. The Minister of Interior, exercising authority under Regulation 6(2) of the Aliens and Immigration Regulations and after informing the Council of Ministers, may grant an Immigration Permit to applicants whose investment meets the programme requirements, subject to approval by the competent authorities.

Permanent residence is not automatic. Approval requires meeting all current programme requirements, passing necessary checks, and receiving acceptance of the application.

Minimum investment and eligible routes

A qualifying investment starts at €300,000, plus VAT if applicable. Applicants may qualify through approved routes including:

• New residential property purchased as a first sale from a developer
• Commercial real estate
• Share capital in a Cyprus company with real operations in Cyprus and at least five (5) employees
• Units in Cyprus regulated investment funds (AIF, AIFLNP, RAIF)

Investment funds must be traceable and transferred to Cyprus from abroad, in accordance with programme rules.

Income requirement

Applicants must show secure annual income of at least:

• €50,000 for the main applicant
• + €15,000 for a spouse
• + €10,000 for each dependent minor child

For the residential property route (first sale from a developer), the required income must be from abroad. For the other eligible routes, all or part of the required income may be accepted from activities in Cyprus, as permitted by the official criteria.

Who can be included

The application may include:

• Spouse
• Children under 18 as dependents

Unmarried children aged 18 to 25 who study abroad and remain financially dependent may qualify under additional conditions and requirements.
Parents and parents-in-law are not eligible as dependents under this programme.

What permanent residents can and cannot do

Permanent residents may own or participate in businesses and hold permitted roles such as directorships, subject to programme conditions. Salaried employment in Cyprus is not permitted unless specifically allowed by official criteria.

Keeping your status

Permanent residence remains valid as long as all programme conditions are maintained. Key points include:

• The right to reside is unlimited; however, the residence permit card has an expiry date and must be renewed upon expiration.
• If you reside outside Cyprus at the time of approval, you must establish residence in Cyprus within one year. Otherwise, the permit may become invalid.
• The permit may become invalid if you acquire permanent residence abroad or are absent from Cyprus for two years.
• Ongoing compliance is required, including maintaining the qualifying investment and fulfilling the programme's monitoring and documentation requirements.

Schengen outlook

Cyprus is not currently part of the Schengen Area. The government has stated its intention to join, with technical work expected around 2025 and a target of 2026. Accession depends on completing EU procedures and receiving unanimous approval from current member states. Any future visa-free travel benefit within the Schengen Area is a potential advantage, but not a guaranteed feature of Cyprus permanent residence at this time.

Official criteria

https://www.mip.gov.cy/dmmip/md.nsf/immigrationpfi_en/immigrationpfi_en?OpenDocument

Disclaimer

The information provided is for general informational purposes only and does not constitute legal, tax, or investment advice. The company accepts no responsibility for any decisions or actions taken based on this content.