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Cyprus has been a member of the European Union since 2004, and a member of the Eurozone since 2008. In addition to the inherent benefits of the EU membership, Cyprus offers high-quality health care, stable and attractive legal system based on English common law, education at the highest standards, both, public and private schools, including British universities based in Cyprus. English language is widely spoken and is now accepted “business language” on the island. Cyprus Permanent Residency Programme, grants the right to travel within the EU with less complex visa requirements and can be seen as a first step towards acquiring Cypriot citizenship (subject to meeting various criteria). In this context, Cypriot authorities have simplified the procedure for granting a permanent residence permit (PRP) to non-EU citizens.

Benefits of PRP
  • Permanent Residence Permit gets issued within two months;
  • Cyprus has the lowest crime rate in the EU;
  • Favourable Tax Regime: 12.5% corporate tax rate;
  • Dividends and interest income tax exemption for new residents for at least 17 years;
  • Over 60 International Double Tax Treaties;
  • Travel within EU with less complex visa requirements;
  • High-Quality Healthcare and Education;
  • Valid for Life.
  • The applicant and his/her spouse shall confirm that they do not intend to undertake any sort of employment in Cyprus.
  • Obtain a clean criminal record issued by their country of origin.
  • Make a bank deposit of at least €30,000 for the period of three years, originating from outside Cyprus;
  • Have a secured annual income of at least €30,000 originating from abroad. This annual income should increase by €5,000 for every dependent person of his/her family (spouse and children) and by €8,000 for every dependent parent. This income should derive from abroad, and may include salaries from employment, pensions, dividends from shares, fixed deposits, rents and so on;*
  • Purchase of new residential property for a minimum amount of €300,000 (plus VAT if applicable) this means, that it must be bought for a “first-time” from a developer.
  • One visit required to provide biometrics for PR Permit, then minimum once every 2 years thereafter.

You can read more information about the program by downloading our brochure.

Permanent Residence Permit
  • PRP_Eng.pdf 2.15 Mb


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