Your Gateway to Europe
Your procedure to obtain a Permanent Residence Permit in Cyprus
The Cyprus Permanent Residency Program (PRP) grants the right to travel within the EU with less elaborate
visa requirements and may be considered to be the first step towards gaining Cyprus citizenship (subject to
meeting various criteria).
∙ The PRP is issued after two months for three generations of your family.
∙ The PRP enables you to acquire a second home in Cyprus for life with no requirements for renewal.
∙ Residency requirements are limited to an obligatory visit to Cyprus every two(2) years.
∙ If you are a permit holder for a period of seven(7) years over a period of ten(10) years, you will be eligible to
apply for the Cyprus Investment Programme and acquire Cyprus citizenship
∙ There are no additional tax liabilities for your worldwide income.
∙ Main applicant in good standing
∙ A secured annual income of €30,000, originating from abroad
For each dependant: €5,000 increase
For each parent: €8,000 increase
∙ A three(3) year fixed deposit of at least €30.000, originating from outside Cyprus
∙ Residential property of €300.000 (plus VAT if applicable) as a ‘first time’ sale; this means that it must be
bought from a property development company
∙ 1 visit required in the 1st year to provide biometrics to obtain PRP. Consequently, visit Cyprus once every
∙ Residence Card holds no renewal requirement