Cyprus (Republic) Immigration Permit

What Is the Cyprus (Republic) Immigration Permit?

The Immigration Permit under Regulation 6(2) of the Aliens and Immigration Regulations is the Republic of Cyprus's residence-by-investment route for non-EU nationals, administered by the Migration Department of the Deputy Ministry of Migration and International Protection under an expedited procedure.

Applicants must invest at least EUR 300,000 in one of four categories and show a minimum secure annual income; for the new-home category this income must come from abroad, while for the other categories it may partly come from Cyprus. This page covers the Republic of Cyprus programme only.

The Four Investment Categories

You must invest at least EUR 300,000 in one of these four categories. A EUR 500 application fee also applies, plus EUR 70 per person for the Alien Registration Certificate (ARC), where one has not already been issued.

Who Can Apply?

In addition to the investment, the applicant must:

• Be a national of a country outside the EU.
• Show a personal secure annual income of at least EUR 50,000 (the spouse's income can be counted), plus EUR 15,000 for a spouse and EUR 10,000 per dependent minor child. For the new-home category this income must come from abroad; for the other categories it may partly come from Cyprus.
• Pay the investment amount from the applicant's own bank account to the seller's account at a Cyprus financial institution.
• Not intend to work in Cyprus, other than as a director of the company in which the investment is made.

Who Can Be Included in the Application?

The Immigration Permit is issued to the applicant and covers, as dependent persons:

• The applicant's spouse.
• Their children under the age of 18.
• Unmarried children aged 18 to 25 who are full-time university students abroad and financially dependent on you can file their own application (separate fee), with an extra EUR 10,000 of annual income per child. Adult children who are not dependent can be covered by increasing the investment by EUR 300,000 per adult child (EUR 600,000 for one, EUR 900,000 for two); the investment may be in your name, and each adult child must show their own income of at least EUR 50,000.

Application Process

1. Choose one of the four investment categories and complete the qualifying investment.
2. Gather the required documents, including evidence of the investment and of the personal annual income.
3. Submit the Immigration Permit application (form MIP2) to the Migration Department.
4. Submit separate applications and checklists for any dependent children who are students abroad.
5. Receive the Migration Department's decision on your application.

The Migration Department estimates the examination period at approximately two months from the submission of a complete application; this is an official estimate, not a guaranteed timeframe.

Why the Cyprus (Republic) Immigration Permit?

Official source: Migration Department — Immigration Permits for Investors (gov.cy)

This page follows the Migration Department's published criteria for granting an Immigration Permit within the scope of the expedited procedure to investors (Regulation 6(2) of the Aliens and Immigration Regulations, 4th Revision, May 2023). Amounts and requirements are set by the Cyprus authorities and can change.