Cyprus Offers New Permanent Residence Options for Foreigners

Cyprus's Immigration Department has announced two direct pathways for third-country nationals seeking permanent residence in the country. The first option is a fast-track investor immigration permit, requiring a minimum investment of €300,000 in one of four categories: purchasing newly built residential property, acquiring commercial real estate, investing in a registered Cypriot company that employs at least five people, or buying units in a qualifying investment fund.

Applicants must also demonstrate a personal annual income of at least €50,000, increasing by €15,000 for a spouse and €10,000 for each dependent child. The second pathway, Category F, is aimed at individuals wishing to live in Cyprus without working, requiring proof of an annual income from abroad of at least €9,568.17, with an additional €4,613.22 for each dependent.

Both routes necessitate a clean criminal record, comprehensive health insurance, and regular renewal of documentation.