Non-EU citizens who purchase property in Cyprus obtain a Permanent Residence Permit within 2 months. Criteria:
€2,000,000 Investment. o For Individuals who wish to buy only 1 single residential property, then: Then they can invest only €2,000,000. o However, if individuals do not want to buy only 1 single residential property, then: The amount needed is €2,000,000 invested in Residential and /or Commercial Properties. For commercial investments, an additional €500.000 for a residential property is also needed. The investment of €2,000,000 should be kept for 3 years only and after this period the investor can sell the investment. The only requirement after the 3rd year is to maintain a residential property of minimum value €500.000. Additional Information The investment scheme covers the applicant and family.