Cyprus•EuropeGolden Visa - Permanent Residence by Investment (Regulation 6(2))
At a Glance
2 months
From EUR €500
Other charges may apply
Indefinite (permanent residence; biennial visit to Cyprus required)
Renewable
Renewal
Renewable
Family
Dependents allowed
PR Pathway
Yes
Sponsor
No job offer needed
Work
Remote not required
Overview
EUR 300,000+ investment route to permanent residence in Cyprus for non-EU nationals, with EUR 50,000 secured annual income from abroad.
Cyprus's Immigration Permit for Investors, under Regulation 6(2) of the Aliens and Immigration Regulations (revised May 2023), is permanent residence for third-country nationals who invest at least EUR 300,000 plus VAT in Cypriot assets. The Migration Department issues it on an expedited basis for investments in new-build property, other real estate, Cyprus company shares, or AIF/RAIF fund units.
Applicants must also show EUR 50,000 secure annual income from abroad, rising EUR 15,000 for a spouse and EUR 10,000 per child, plus private health insurance and a clean criminal record. Fees are EUR 500 per application and EUR 70 per ARC. Decisions arrive in about two months; the permit does not expire, but holders must visit once every two years and cannot work locally.
This visa is ideal for financially independent non-EU investors and families who want indefinite EU residency, can hold EUR 300,000 in Cypriot property or funds, and earn enough abroad to live without local employment.
Cost Breakdown
Stay & Extensions
| Status type | Permanent / indefinite |
Conversion Paths
Visas you can typically switch to from this status.
CyprusRequirements
PUBLISHED REQUIREMENTS
Third-country national (non-EU/EEA)
Minimum investment: EUR 300,000 plus VAT in qualifying Cyprus asset (real estate, company shares, or AIF/RAIF units)
Investment funds must be transferred to Cyprus from abroad
Secure annual income of at least EUR 50,000 from sources abroad (+ EUR 15,000 spouse, + EUR 10,000 per dependent child)
Clean criminal record from country of origin and country of residence
Health insurance covering inpatient and outpatient care
Declaration of intention not to take employment in Cyprus (except as director of invested company)
Holder must visit Cyprus at least once every two years
KEY CRITERIA
Min. Income
50,000 EUR/yr
Investment
300,000 EUR
REQUIRED DOCUMENTS
Valid passport (applicant and dependants)
Title deed or sale contract filed with Department of Lands and Surveys (for real-estate investment)
Proof of payment of at least EUR 300,000 (excluding VAT) and evidence funds came from abroad (SWIFT remittance, bank certificate)
Proof of EUR 50,000+ annual income from abroad (tax return, accountant's certificate)
Clean criminal record certificate from country of origin and country of residence
Health insurance policy certificate covering inpatient and outpatient care
Declaration of non-employment in Cyprus (except as director of invested company)
For company-share investments: Shareholders/Incorporation certificates, business profile, Social Insurance evidence of 5 employees
For fund investments: titles of units, proof of payment, CySEC confirmation, fund memorandum
Marriage certificate and birth certificates for dependants (officially translated/certified)
Advantages & Considerations
Key Benefits
- Permanent residence with no expiry — no renewal cycle
- Expedited examination, typically around two months
- Covers spouse and children under 18 on a single application
- Investment can be real estate, Cyprus company shares, or AIF/RAIF fund units
- Income may come from salaries, pensions, dividends, rents, or interest
- EU residency footprint without giving up tax residency abroad
- Adult children up to 25 (and students) can be included via separate application
Worth Knowing
- Minimum EUR 300,000 investment plus VAT must be transferred to Cyprus from abroad
- Secure annual income of at least EUR 50,000 from abroad (more for dependants)
- Holder must visit Cyprus at least once every two years to keep the permit
- Investment must be maintained; liquidating it cancels the permit
- Application must be submitted in person (or via authorised representative)
- No employment in Cyprus permitted (except as director of an invested company)
- Open to third-country nationals only; EU/EEA citizens not qualifying
- Clean criminal record required from country of origin and country of residence
Application Process
Choose and complete a qualifying EUR 300,000+ investment (new-build property, other real estate, Cyprus company share capital, or AIF/RAIF fund units)
Transfer investment funds to Cyprus from abroad and pay the seller from a Cyprus bank account; keep remittance evidence
Assemble supporting documents
title deed/sale contract filed with Lands & Surveys, source-of-funds proof, EUR 50,000+ income proof, clean criminal record, health insurance, declaration of non-employment
Complete Application Form MIP2 and the document checklists from the Migration Department website
Book appointment and submit the application in person (or via authorised representative with certified authorisation letter) at the Migration Department; pay EUR 500 application fee + EUR 70 per person ARC fee
Migration Department processes under the expedited procedure and forwards to the Deputy Minister of Migration and International Protection for decision (~2 months)
On approval, collect the Immigration Permit and Alien Registration Certificate; visit Cyprus at least once every two years to keep status
Application Forms
| Application Form (MIP2) | — |
| Checklist of documents submitted with the application | — |
| Checklist of documents for children studying abroadOptional | — |
| Affidavit / Official Statement of annual income | — |
| Official Statement of non-employment in Cyprus | — |
Related visas
More visas in Cyprus
Investment visas in other countries
Ready to see if the Golden Visa - Permanent Residence by Investment (Regulation 6(2)) is your visa path?
Discover how your answers compare with the published requirements. 2 minutes. Free to use.
Start Visa Discovery