1. Lifetime Validity   

The Cyprus Permanent Residency is valid for life and does not require renewal.

2. Eligibility for the Entire Family   

Your spouse, children under 18, and dependent family members (such as adult children) who meet the requirements can also obtain permanent residency.

3. Path to Citizenship   

After legally residing in Cyprus for 8 years, permanent residency holders are eligible to apply for Cyprus Citizenship (M127 scheme).

4. Fast Track Process   

Through the fast-track procedure, the PR card can be issued within two months.

5. Tax Advantages

PR holders can become Cyprus tax residents and enjoy the following tax benefits:    

• Exemption from taxes on worldwide dividend and passive interest income.   
• Exemption from taxes on profits from the sale of securities. 

6. Free Healthcare Services   

PR holders are entitled to free or low-cost healthcare services through Cyprus' General Healthcare System (GHS). 

How to Obtain Cyprus Permanent Residency (PR)

There are two main routes for obtaining Cyprus Permanent Residency

1. Through Real Estate Residential Property   

You must purchase a new residential property for a minimum of €300,000 + VAT. VAT is typically 19%, but for the first property purchased for personal use, a reduced VAT rate of 5% applies. 

Commercial Property   
Investors must purchase office buildings, hotels, shops, or other commercial properties worth at least €300,000. Resale properties are also eligible.   

• The investor must register the sales agreement with the Land Registry and pay the €300,000 (plus VAT).    
• Payments must be made to the seller’s bank account in Cyprus, and funds must be transferred from abroad.    
• The delivery date of the property does not matter, so properties under construction are also eligible.    Properties can be purchased in the name of a company, with the investor or their spouse as the ultimate beneficial owner. 

In summary, purchasing a property (residential or commercial) for over €300,000 can grant you Cyprus Permanent Residency

2. Temporary Residence Permit (Pink Slip / Visitor Visa)

Target Audience: Individuals with sufficient savings, passive income/dividend earnings, or early retirees (FIRE).

You must demonstrate that you have sufficient financial means to support yourself without working in Cyprus. Specifically, a single applicant must prove a minimum foreign-sourced income of €24,000 per year, with additional amounts required for dependents (approximately +20% for a spouse and +15% per child).

Proof of income can come from stable foreign sources such as pensions, rental income, or dividends.

You are also required to present comprehensive health insurance covering Cyprus, a valid lease agreement (or proof of property ownership), and a bank guarantee.

Note: Holders of this permit (Pink Slip) are not allowed to work locally in Cyprus. The permit is valid for 1 year and must be renewed annually.

3. Digital Nomad Visa

Target Audience: Freelancers and remote employees working for companies located outside Cyprus (via employment or contractor agreements).

To qualify, you must demonstrate a net monthly income of at least €3,500 originating from clients or employers based outside of Cyprus.

Our Fees

For Real Estate Investment

- 5% of the purchase price of the property (with €10,000 due at the time of contract signing, and the balance due when the Permanent Residency is granted)

Services Included 

• Search and introduction of properties eligible for permanent residency/arranging viewings. 
• Support with the real estate purchase process.  
• Support with the permanent residency application.  
• Assistance with transferring and moving funds.  - On-site assistance (for property viewings, real estate agencies, law offices, government offices, etc.).

*Legal fees and government fees will be charged at actual cost.


Pink Slip / Digital Nomad Visa Acquisition

€5,000 / +€1,500 (per dependent)

For more information, please contact us via our inquiry form.