Cyprus Permanent Residency 6.2: A Premier Opportunity for Investors in Limassol
Since its update in March 2021, the Cyprus Permanent Residence (P.R. 6.2) permit remains one of the most attractive and secure residency-by-investment schemes in the European Union. Designed for third-country nationals, this fast-track program offers a streamlined path to permanent residency in Cyprus for you and your family, without the need for a temporary residence permit or a Schengen visa.
Our law firm, Georgios Diogenous & Associates LLC, specializes in guiding investors through the entire application process, ensuring a smooth and successful outcome.
Key Investment Pathways for Permanent Residency
To qualify for a Cyprus Permanent Residency Permit under Regulation 6.2, applicants must make a minimum investment of €300,000 (plus VAT) in one of the following four categories:
A. Residential Real Estate (New-build property) Purchase a new house or apartment from a registered Cyprus developer, with a minimum value of €300,000 (plus VAT). The property must be a first-time sale. You can purchase up to two properties to meet the minimum investment threshold.
B. Commercial or Other Real Estate (New or Resale) Invest at least €300,000 (plus VAT) in offices, shops, hotels, or similar properties. This option is flexible, as it includes both new and resale properties.
C. Investment in a Cypriot Company Invest at least €300,000 in the share capital of a Cyprus-registered company that operates and has a physical presence in the Republic of Cyprus and employs at least five people.
D. Collective Investment Funds Invest €300,000 in units of a Cyprus-based Collective Investment Organization (AIF, AIFLNP, or RAIF), with all relevant documentation from the Cyprus Securities and Exchange Commission (CySEC).
Financial and Other Essential Requirements
In addition to the investment, applicants must meet the following criteria to be eligible for the Cyprus P.R. permit:
- Secure Annual Income: The main applicant must demonstrate a secure annual income of at least €50,000 from abroad. This amount increases by €15,000 for a spouse and €10,000 for each dependent child. For investments in Categories B, C, or D, the income can be derived from sources within Cyprus.
- Clean Criminal Record: The applicant, spouse, and all adult dependents must provide a clean criminal record certificate from their country of origin and residence.
- No Employment in Cyprus: The applicant and adult dependents must declare that they will not work in Cyprus, with the exception of holding a directorship in a company in which they have invested under the P.R. 6.2 scheme and receive dividends, but not a salary.
- Proof of Residence: If you invest in commercial property, company shares, or collective funds, you must provide proof of a permanent place of residence in Cyprus (owned or rented).
- Regular Visits: To maintain the permit, the holder must visit Cyprus at least once every two years.
Benefits and Family Inclusion
The scheme offers significant benefits, including the ability to include a spouse and financially dependent children up to 25 years old. This makes it an ideal solution for families seeking a secure and stable future. The process is fast, with applications typically processed within a few months.
Ready to secure your future in Cyprus? Contact Georgios Diogenous & Associates LLC in Limassol today for a confidential consultation on your permanent residency application and investment options.