Through the Cyprus Permanent Residency Program (PRP), applicants can secure permanent residency in Cyprus through investment in real estate. The specific Programme is one of the fastest and simplest investor visa programmes in Europe.

Cyprus aims in strengthening its competitiveness as one of the main investment destinations in EU by continuously enhancing and developing its key economic sectors. On the 24th of March 2021, the Cyprus Government has announced a number of important changes to the provisions of the Aliens and Immigration Regulations 6(2) and introduced amendments with the intention not only to continue, but also to further stimulate economic growth. 

Under 18: The Immigration Permit is issued to the main applicant and may include the applicant’s spouse and dependent children up to the age of 18.

Above 18 to 25: Dependent children between the ages of 18 and 25 who are proven to be higher education students abroad on the date of application and who are financially dependent on the applicant, can submit an application for an Immigration Permit with the submission of the corresponding fee. In such a case the father or mother and / or both parents together must present an additional annual income of €5,000 for each such dependent child.

Dependents studying in the Republic: If the children are students in Higher and Higher Education Institutions of the Republic, they must apply for a temporary residence permit in the Republic as students under the relevant legislation.). After completing their studies in Cyprus, they will be able to submit their own application for an Immigration Permit, regardless of their age.

This Permit will continue to be valid after reaching the age of 25 even if the child is still not single and / or a student and / or financially dependent on his or her parents. 

Dependent Parents and in-laws:  An Immigration Permit can also be granted to the applicant’s parents and their spouse, by submitting separate applications for each person and paying the corresponding fee, provided that the applicant will present an additional annual income of €8,000 for each dependent parent.

Under 18: The Immigration Permit is issued to the main applicant and may include the applicant’s spouse and dependent children up to the age of 18.

Above 18 to 25: Dependent children between the ages of 18 and 25 who are proven to be higher education students abroad on the date of application and who are financially dependent on the applicant, can submit an application for an Immigration Permit with the submission of the corresponding fee. In such a case the father or mother and / or both parents together must present an additional annual income of €5,000 for each such dependent child.

Dependents studying in the Republic: If the children are students in Higher and Higher Education Institutions of the Republic, they must apply for a temporary residence permit in the Republic as students under the relevant legislation.). After completing their studies in Cyprus, they will be able to submit their own application for an Immigration Permit, regardless of their age.

This Permit will continue to be valid after reaching the age of 25 even if the child is still not single and / or a student and / or financially dependent on his or her parents. 

Dependent Parents and in-laws:  An Immigration Permit can also be granted to the applicant’s parents and their spouse, by submitting separate applications for each person and paying the corresponding fee, provided that the applicant will present an additional annual income of €8,000 for each dependent parent.

  1. The applicant has at his/her disposal an insured annual income of at least €30,000 (the income of the applicant’s spouse can also be taken into account).
  2. Additional €5,000 for each dependent family member and €8,000 for each dependent parent (of the same and / or spouse). This income may come from: salaries for wages, pensions, dividends on shares, permanent deposits, rents, etc. deriving from abroad. 
  3. The applicant and his / her spouse must submit a Police clearance certificate from their country of residence or from the Republic in case they reside in Cyprus.
  4. No intention to work declaration.
  5. Duly translated and certified Marriage Certificate.
  6. Duly translated and certified birth certificates of the dependants under 18.

Curriculum-vitae.

An Immigration Permit may also be granted to an adult child applicant who is not financially dependent, on a higher value investment. The investment can be made jointly in the name of the applicant and the adult child or exclusively in the name of the applicant. The market value of the  €300,000 property should be multiplied by the number of adult children (i.e. in case the applicant has an adult child he should invest in property worth €600,000, if he has two adult children the value of the property should amount to €900,000 etc. and at least 66% payment should be presented during the submission of the Residency applications).

Each adult child will be able to prove that he has at his disposal an insured annual income of at least €30,000, which will increase by €5,000 for each dependent.

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