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
Special offers of real estate abroad
- upon request
- Penthouse, For sale
- ID: CY-193-98877
- Cyprus, Limassol, Limassol Coastal road
Luxury residence for sale in Cyprus
- upon request
- Commercial apartment building, For sale
- ID: LV-143885
- Latvia, Riga, Centre
For sale Exclusive Household in the center of Riga
- € 426 000
- Apartment, For sale
- ID: TH-245-157216
- Thailand, Phuket, Bang Tao
Luxury 2-Bedroom Apartment in Iconic Bang Tao Resort Condominium – 100 sqm with Exceptional Amenities
- € 552 000
- Apartment, For sale
- ID: TH-245-157229
- Thailand, Phuket, Bang Tao
Exclusive 2-Bedroom Luxury Apartment Just 50 Meters from Bang Tao Beach – 100 sqm in a Wellness & Nature-Focused Community
- upon request
- Apartment, For sale
- ID: OW-OAE-133859
- UAE, Dubai, Business Bay
Beautiful apartment in one of the top buildings by premium developer Select Group called the Edge.
- € 300 000
- Apartment, For sale
- ID: HU-226-136082
- Hungary, Budapest
2-studio apartment FOR SALE in Budapest Corvin Promenade city center
- € 550 000
- House, For sale
- ID: ME-103-100396
- Montenegro, Budva riviera, Krimovica
Two new villas in Krimovice
- € 14 700 000
- Penthouse, For sale
- ID: CY-193-99928
- Cyprus, Limassol, Germasogeia
Luxury penthouse in a new project in Cyprus for sale
- upon request
- Mansion, castle, estate, For sale
- ID: IT-39-141640
- Italy, Toscana, Montepulciano
Estate for sale with views of Montepulciano - Tuscany
