The Cyprus Permanent Residence Investment Program requires an investment of at least €300,000 + VAT in primary real estate, offices, shops or hotels. The investor must prove that the funds came from abroad and prove an annual income of at least €50,000. Permanent residence is granted to the spouse, minor children and dependent adult children under 25 years of age. If the investment is sold without a similar replacement, the permanent residence may be cancelled. Additionally, it is necessary to register the sale and purchase agreement with the Land Registry.

Read more about obtaining Cyprus Permanent Residence on the website of our partner Shagal Estate.