Residency In Cyprus

To obtain permanent residency in Cyprus, you have a couple of investment options…

For Category 6.2 residency, called fast track permanent residency, you’d need to purchase new property (not resale) worth at least 300,000 euros (plus VAT at 5%). At least 200,000 of the amount should already paid at the time of application. You’ll also need to open a long-term deposit in a Cypriot bank of 30,000 euros which must stay put for at least five years. Dependent spouses and children require an additional 5,000 euros each and for dependent parents 8,000 euros each.

Permanent Residency Category F requires you to make a real estate investment of at least 100,000 euros (plus VAT) and show they have sufficient annual income (about 10,000 euros a year for a single applicant, plus another 5,000 for each dependent) to support themselves in Cyprus. You’ll need to open a long-term deposit in a Cypriot bank of 15,000 to 20,000 euros, but you can access these funds at will (as opposed to letting them sit in the previous residency route).

Both of those investment options are automatic permanent residencies without any time as a temporary resident.