The Cabinet of Ministers of Cyprus has approved amendments to the program of permanent residence by investment. When the new rules of the program will come into force, it is not yet known. According to the new rules, the minimum annual income of investors wishing to obtain permanent residence in Cyprus must be 50,000 €, which is an increase in requirements compared to the previous amount of 30,000 €. Moreover, if the applicant is a spouse, 10,000 € will be added to this amount, and 5,000 € for each minor child.
Changes in the conditions of the permanent residence program in Cyprus
However, parents and adult children will not be included in the permanent residence application and require a separate immigration permit as well as a separate minimum investment of €300,000. The investment options and the minimum amount of €300,000 remain the same. Investors can purchase residential or commercial real estate, shares or securities in Cyprus. In return, investors receive permanent residence in Cyprus for five years, and after that they can apply for citizenship.
Properties in Cyprus
Catalogue
Special offers
- € 433 000
- Apartment, For sale
- ID: AE-34-88444
- UAE, Dubai, Business Bay
Luxury apartments with stunning views of the Dubai Canal
- € 670 000
- Apartment, For sale
- ID: AE-74-73313
- UAE, Dubai, Dubai Marina
One bedroom apartment in an ultra premium complex on Bluewaters Island
- € 420 000
- Apartment, For sale
- ID: AE-34-123931
- UAE, Dubai, IMPZ
Modern three-room apartment with interest-free installments for 5 years!
- € 2 500 000
- House, For sale
- ID: LV-126525
- Latvia, Jurmala and region, Melluzi
Brand new private villa in the quiet area of Jurmala for sale
- € 1 820 000
- Golf real estate, For sale
- ID: ME-197-129547
- Montenegro, Lustica, Lustica
Luxury townhouse for sale in Montenegro
- € 1 650 000
- House, For sale
- ID: ID-141-78851
- Indonesia, Bali, Umalas
Luxury technologically advanced villa in the premium location
- € 345 000
- House, For sale
- ID: ID-160-72120
- Indonesia, Bali, Jimbaran
Premium villa in Bali at a luxury resort
- € 859 500
- Apartment, For sale
- ID: ME-197-129703
- Montenegro, Lustica, Lustica
2 bedroom luxury apartment with sea view
- € 415 000
- Apartment, For sale
- ID: AE-34-123932
- UAE, Dubai, Al Furjan
Three-room apartment in an apart-hotel with installments for 5 years