Cyprus Golden Visa

Nadia Dardón

Immigration Content Writer

Last update 16 November, 2025

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Quick Visa Facts

Visa length Permanent

Possible to extend? Not required

Who can apply? Non-EU nationals investing ≥€300,000

Minimum Income Requirements €50,000/year for main applicant (+€15,000 spouse, +€10,000 per child)

Time for visa applications 2–3 months approximately

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Thinking about securing a safe, stable, and sun-soaked base in the European Union? The Cyprus Golden Visa has quickly become one of the most appealing residency options for international families, entrepreneurs, and investors looking to benefit from EU access without the complications of relocation. With its strategic location, investor-friendly policies, and high quality of life, Cyprus offers a residency pathway that’s both practical and future-proof.

Whether you’re exploring real estate investment, planning for your family’s long-term mobility, or simply want a second home in a country known for its lifestyle and stability, the Cyprus Golden Visa is a program worth understanding in detail. In this guide, we’ll break down everything you need to know, from eligibility and requirements to application steps and official rules, using only trusted government sources so you can make confident, informed decisions.

Cyprus Golden Visa Overview

The Cyprus Golden Visa, more precisely the Permanent Residence Permit under Regulation 6(2), is an investor-residency program that allows non-EU nationals to obtain permanent residency in Cyprus through a qualifying investment. The most recent regulatory framework came into effect on 2 May 2023, when the Council of Ministers revised the criteria.

This permit is designed to attract reliable third-country investors who commit capital to the Cypriot economy, giving them and their immediate family the right to live in Cyprus indefinitely.

Who Is It For?

Non-EU (third-country) nationals interested in permanent residency in an EU member state.
High-net-worth individuals willing to invest at least €300,000 in Cyprus via real estate, business, or funds.
Those who can demonstrate a secure annual income, derived from abroad, of at least €50,000 (plus additional sums for dependents).
Investors who want to bring their spouse and dependent children under a permit; however, the 2023 changes limited the eligible dependents (e.g., removed parents/in-laws).
Individuals who may not necessarily want to work in Cyprus, since this visa does not automatically grant the right to take up paid employment in many cases.

What Does It Allow You to Do?

Live in Cyprus permanently, under a 10-year immigration permit that can be renewed.
Bring your immediate family (spouse, dependent children) under the same permit, subject to meeting the financial criteria.
Bypass certain entry procedures, since permanent residents under this scheme are generally exempt from some standard visa restrictions.
Maintain your investment in Cyprus (e.g., real estate or business) and periodically demonstrate compliance:
- Proof of maintaining the investment annually.
- Proof of health insurance (if not in the national health system).
- Criminal record check every three years.
Apply for citizenship (naturalization) after a period of residence, in some cases, after 8 years of permanent residency.

Cyprus Golden Visa Requirements

Below is a summary of the required documents and key criteria you need to meet to apply for the Cyprus Permanent Residence Permit under Regulation 6(2).

Basic documentation needed:

Completed application form.
Valid passport (copies and, if needed, the original) for the main applicant and all dependents.
Passport-sized photographs of each applicant / dependent.
Curriculum Vitae (CV) of the main applicant, including academic and professional background.
Birth certificates (for children) and, if applicable, marriage certificates, properly translated and legalized/apostilled.
Criminal record certificate (“clean criminal record”) from the applicant’s country of origin — and, if different, also from the country of residence — duly certified/translated
Proof of accommodation in Cyprus (e.g., title deed, contract of sale, or rental agreement) if the investment involves real estate.
Statement (declaration) confirming that the applicant (and spouse) do not intend to be employed in Cyprus, unless specific exceptions apply (e.g., director of a company they invested in)
Health insurance certificate covering medical care (inpatient and outpatient) for the applicant and all dependents.

Proof of Financial Self-Sufficiency

Applicants must demonstrate that they have a secure annual income originating from outside Cyprus. Under the current rules, the minimum required income is €50,000 for the main applicant, with an additional amount required for each dependent family member. This income may come from salaries, foreign business profits, dividends, pensions, or other verified sources. Proof typically includes official tax returns from the applicant’s country of tax residence or a certificate issued by a licensed accountant confirming the income’s source and stability. The goal is to ensure that applicants can sustain themselves and their families in Cyprus without local employment.

Proof of Investment

To qualify for the Cyprus Golden Visa, the applicant must complete a compliant investment and submit documentation proving its validity. This usually includes the purchase agreement or title deed for real estate, or—if choosing another category—official documents relating to share purchases, fund participation, or business investment. Applicants must also provide bank statements and payment receipts showing that the required funds were transferred from abroad and that the investment has been fully paid or contractually committed. These documents verify both the legitimacy of the investment and the origin of funds.

Private Health Insurance

All applicants and their dependents must carry valid private health insurance in Cyprus if they are not eligible for coverage through the Cypriot national healthcare system. The policy must include both inpatient and outpatient care. After receiving the permit, applicants are required to maintain this health insurance continuously and present updated proof during routine compliance checks. This requirement ensures that investors and their dependents can access medical care without burdening the local public system.

Criminal Record / Good Character

The main applicant, and any dependent adult family members, must provide a clean criminal record certificate issued by their country of origin and, if different, their country of legal residence. These certificates must be recently issued, officially translated, and duly legalized. Cyprus also requires ongoing compliance: investors must resubmit updated criminal record certificates every few years to prove that they continue to meet the good-character requirement.

Declaration of Non-Employment

As part of the application, the applicant and their spouse must sign a clear declaration stating that they do not intend to work in Cyprus. The Golden Visa program provides residency, not an unrestricted right to employment. The only exception is when the applicant becomes a director of a company in which they have invested; however, even in this case, the position must not involve receiving local employment income. This declaration helps ensure that the purpose of the program remains investment-focused rather than employment-based.

Translation & Legalisation

Any documents issued outside Cyprus, such as birth certificates, marriage certificates, criminal record certificates, or financial papers, must be translated into Greek or English and authenticated according to Cyprus’ legal requirements. Depending on the issuing country, this may involve an apostille, consular legalization, or certified translations by an official authority. This ensures that all submitted documents are valid, readable, and legally recognized by the Cypriot authorities.

How to Apply for the Cyprus Golden Visa – Step-by-Step Instructions

Step 1: Choose Your Investment Route

The application process begins by selecting which qualifying investment you will use to apply under Regulation 6(2). Cyprus offers several eligible paths—most commonly the purchase of new residential property, investment in commercial real estate, acquiring shares in a Cypriot company, or subscribing to units in a Cyprus-regulated investment fund. Regardless of the option you choose, the minimum investment amount is generally €300,000, and the funds must come from abroad. Deciding on the investment type early is essential, as the documentation required for your application will depend heavily on this choice.

Step 2: Prepare All Required Documentation

Once your investment route is chosen, you should begin gathering all the documents needed for your application. These include your passport, civil status certificates, criminal record certificates, proof of health insurance, the completed application forms, and any receipts or contracts related to your investment. Foreign documents must be translated into Greek or English and properly legalized or apostilled to be accepted by Cypriot authorities. Preparing these documents carefully ensures your application is processed smoothly and avoids delays caused by missing or incomplete paperwork.

Step 3: Demonstrate Financial Eligibility

A key part of the Cyprus Golden Visa application is proving that you have a secure annual income from abroad. The minimum required income is €50,000 for the main applicant, and this threshold increases depending on the number of dependents included in your file. This income can come from employment, business profits, pensions, dividends, or other documented sources. You must also demonstrate that the funds used for your investment originate outside Cyprus through supporting evidence such as bank statements or accountant-issued certificates. This financial documentation reassures authorities that you can support yourself and your family without taking employment in Cyprus.

Step 4: Submit Your Application

After assembling all required documents, you can submit your file to the Civil Registry and Migration Department (CRMD) in Cyprus. Applications may be submitted either in person or through an authorized legal representative. At this stage, you will also include the signed declaration confirming that neither you nor your spouse intends to take up paid employment in Cyprus. Accuracy is critical here—incorrect, outdated, or incomplete documents may lead to delays or rejection.

Step 5: Pay the Application Fees

When submitting the application, you must pay the corresponding government fees. These fees typically include the main application fee and, if applicable, additional charges for registering applicants who do not already have an Alien Registration Certificate. Proof of fee payment is added to the application file and forms part of the official submission.

Step 6: Application Review and Due Diligence

Once the authorities receive your application, they begin a thorough review process. This involves verifying the legitimacy of your investment, confirming your financial self-sufficiency, examining your criminal record certificates, and reviewing your health insurance coverage. The due diligence stage ensures that only applicants who fully comply with the legal requirements are approved. If all documentation is complete and meets regulatory standards, this stage typically proceeds without complications.

Step 7: Wait for the Decision

After due diligence is completed, the Civil Registry and Migration Department issues its decision. Under the fast-track Regulation 6(2) category, the average processing time is around two months, although this can vary depending on workload or whether additional clarifications are needed. During this period, you are generally not required to take any action unless the authorities request supplementary documents.

Step 8: Complete Biometric Registration in Cyprus

Once your application is approved, you must travel to Cyprus within one year to complete biometric registration. This process includes fingerprinting, providing a digital photograph, and signing any final documents necessary for issuing the residence permit card. If you submit your application from abroad through a representative, this will likely be your first required visit during the application process.

Step 9: Maintain Ongoing Compliance

After receiving your Cyprus Golden Visa, you must continue to meet the program’s conditions to keep the permit valid. This includes maintaining your investment, submitting updated evidence of your financial means when requested, and providing proof of valid health insurance if you are not covered under Cyprus’ public healthcare system. You must also present an updated criminal record certificate every few years and travel to Cyprus at least once every two years to keep the permit active. Compliance ensures that your permanent residence status remains secure long-term.

Stay Requirements in Cyprus

Holders of the Cyprus Golden Visa (Category F Permanent Residency) are required to maintain genuine ties to Cyprus to keep their status valid. While this program is known for its flexibility, beneficiaries must visit Cyprus at least once every two years to maintain their residency. This visit is essential to demonstrate that they have not abandoned their residency status.

In addition, applicants must continue meeting the original conditions under which their residency was granted. This generally includes maintaining the qualifying residential property and ensuring that stable annual income from abroad continues to cover their living expenses without the need for employment in Cyprus. Failure to meet these criteria or extended periods of absence without the mandatory biennial visit may result in the revocation of the residency permit.

How Much Does the Cyprus Golden Visa Cost?

The total cost of obtaining the Cyprus Golden Visa (Category F Permanent Residency) is relatively straightforward, as the program is one of the more affordable residency routes in Europe. Applicants must submit government application fees, budget for document preparation and translations, and account for the property purchase required for eligibility.

The primary mandatory expenses include:

€500 application fee for the main applicant, paid to the Civil Registry and Migration Department.
€70 registration fee for the applicant’s biometric and residency registration.
€70 fee per additional family member included in the application.
Property investment starting at €300,000 (plus VAT), which is required to qualify for the program.
Legal fees, which vary depending on the representative you choose.
Document translation and certification costs, depending on the applicant’s country of residence and number of documents.

Although the government fees themselves are not high, the property investment requirement represents the largest portion of the total cost. Applicants should also consider ongoing expenses, such as maintaining the purchased property and holding valid private health insurance for themselves and all dependents.

Taxes for People With a Cyprus Golden Visa

Holding a Cyprus Golden Visa (Category F Permanent Residency) does not automatically make you a tax resident of Cyprus. Your tax obligations depend on where you are officially considered a resident for tax purposes, meaning most Golden Visa holders continue paying taxes in their home country unless they take steps to change their tax residency.

To become a tax resident of Cyprus, you must meet either the 183-day rule or the 60-day rule. If you do not meet either threshold, Cyprus will not tax your global income. Many Golden Visa holders choose not to become tax residents, benefiting from the residency rights of the permit without triggering new tax obligations.

If you choose to become a Cyprus tax resident, you may benefit from several notable advantages, including a favorable personal income tax regime and exemptions for foreign-source income under specific circumstances. Cyprus generally does not tax foreign dividends and may offer exemptions for certain types of passive income, depending on your tax residency status and domicile classification. Property owners in Cyprus are also subject to local taxes, such as municipal rates, waste-collection fees, and taxes related to property rental income if applicable.

Overall, the Cyprus Golden Visa provides flexibility: you can live in Cyprus without automatically triggering new taxes, but you also have the option to take advantage of Cyprus’s attractive tax framework if you choose to become a resident.

Living in Cyprus with the Cyprus Golden Visa

Living in Cyprus with the Cyprus Golden Visa offers a relaxed Mediterranean lifestyle, warm climate, and a strong sense of safety and stability. Residents enjoy access to modern infrastructure, excellent healthcare facilities, and a wide range of English-speaking services, making the transition especially smooth for international families. The cost of living is generally lower than in many Western European countries, and the island’s well-developed education options, including international schools, make it an appealing choice for long-term settlement. Whether you prefer a quiet coastal town or a more dynamic urban center, Cyprus provides a comfortable environment for work, family life, or retirement.

Golden Visa holders also benefit from the freedom to reside in Cyprus indefinitely as long as they maintain the program’s requirements. While the permit does not grant the automatic right to work, it does provide the stability of permanent residency and the opportunity to build a life in an EU member state. This includes visa-free access to Cyprus for extended stays, the ability to enroll children in local or private schools, and the option to enjoy the island’s outdoor lifestyle year-round. For many, the Cyprus Golden Visa offers an ideal blend of long-term security and Mediterranean living.

Best Cities to Live in Cyprus

Nicosia

As the capital and largest city of Cyprus, Nicosia offers a unique mix of modern amenities and historic charm. Residents benefit from excellent healthcare, international schools, shopping centers, and a growing business scene. The city also has a rich cultural life, including museums, theaters, and traditional markets, making it ideal for those who want to combine convenience with cultural experiences. Nicosia’s central location provides easy access to other parts of the island, which is perfect for exploring Cyprus on weekends.

Limassol

Limassol is a vibrant coastal city known for its lively atmosphere, beautiful beaches, and thriving business hub. It is home to numerous international companies and offers plenty of opportunities for networking and entrepreneurship. The city’s cosmopolitan lifestyle includes high-quality restaurants, cafés, and entertainment venues. Limassol is particularly popular among Golden Visa holders who enjoy living near the sea while having easy access to commercial and cultural activities.

Larnaca

Larnaca offers a more relaxed pace of life compared to the larger cities, making it ideal for families and retirees. It is famous for its scenic waterfront promenade, historical sites, and welcoming community. The city has good schools, healthcare facilities, and a variety of leisure activities, including sailing, hiking, and local festivals. Larnaca also hosts Cyprus’s main international airport, providing convenient connections to Europe and beyond.

Cost of Living

The official currency of Cyprus is the Euro (€). €1 ≈ $1.08 USD (depending on the current exchange rate).

The average gross monthly salary in Cyprus is around €2,483, which equates to approximately $2,685 USD (using a € to USD rate of ~1.08).

Here’s a rundown of what you should expect to pay in different cities:

Nicosia

Rent (1 bedroom in city center): ~$790 USD/month
Rent (3 bedrooms outside city center): ~$1,360 USD/month
Basic Utilities: ~$205 USD/month
Wi‑Fi: ~$31 USD/month
Public Transport (one‑way): ~$2.60 USD
Groceries (2 people): ~$550–$900 USD/month

Limassol

Rent (1 bedroom in city center): ~$1,300–$1,730 USD/month
Rent (3 bedrooms outside city center): ~$1,440–$1,680 USD/month
Basic Utilities: ~$217–$260 USD/month
Wi‑Fi: ~$33–$49 USD/month
Public Transport (one‑way): ~$2.00 USD
Groceries (2 people): ~$650–$850 USD/month

Larnaca

Rent (1 bedroom in city center): ~$530–$745 USD/month
Rent (3 bedrooms outside city center): ~$840–$1,200 USD/month
Basic Utilities: ~$165–$275 USD/month
Wi‑Fi: ~$22–$33 USD/month
Public Transport (one‑way): ~$1.80–$2.70 USD
Groceries (2 people): ~$500–$800 USD/month

FAQs

What is the minimum investment required for the Cyprus Golden Visa?

To qualify under Regulation 6(2), applicants must invest at least €300,000 in Cyprus, typically through residential or commercial property, a business, or approved investment funds. All funds must originate from abroad and be fully paid or contractually committed.

Can family members be included in the application?

Yes. Spouses and dependent children can be included in the application. The 2023 reform limited eligibility for extended family members (such as parents or adult children over a certain age), so only immediate dependents generally qualify.

Does the Cyprus Golden Visa allow me to work in Cyprus?

No. The permit primarily grants permanent residency, not an automatic right to take up employment. Applicants must sign a declaration confirming they do not intend to work in Cyprus, although they can manage a business they have invested in under specific conditions.

How long does it take to receive the Cyprus Golden Visa?

If all documentation is complete and there are no issues during due diligence, the processing time is typically around two months under the fast-track Regulation 6(2) procedure. Travel to Cyprus is required after approval to complete biometric registration.

Does holding the Golden Visa make me a tax resident in Cyprus?

Not automatically. Residency under the Golden Visa does not confer tax residency. Applicants only become tax residents if they meet the 183-day or 60-day rules. This allows many investors to live in Cyprus without being subject to local income tax, unless they choose to become tax residents.

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