Description of the visa, its purpose, conditions, peculiarities of issuance, and guidelines for utilization.
The Cyprus Permanent Residence Program (Golden Visa) offers permanent residency to non-EU citizens who invest a minimum of €300,000 in qualifying real estate or local company shares. Applicants must also demonstrate a secure, annual foreign income of at least €50,000, maintain health insurance, and have a clean criminal record. Paid employment in Cyprus is not allowed.
Eligible individuals
The main categories of individuals for whom the visa is intended and who it is best suited for.
Investor, spouse, dependent children up to 25 years old
The primary characteristics that define the conditions for obtaining and using a visa. These conditions may vary depending on the individual circumstances of the applicant and the decision of the immigration authorities of the country.
Unlimited
Visa validity period
The period during which the visa remains valid and can be used for entry into the country. The validity period or expiration date is indicated directly on the visa itself.
<p>The residence permit is valid indefinitely. </p>
Unlimited
Duration of stay
The maximum duration for which one is permitted to stay in the country continuously from the date of entry.
<p>The residence permit is valid indefinitely, provided that investments are maintained and visits to Cyprus are made at least once every two years. The Permanent Residence Card is valid for 10 years for adults and up to the age of 18 for children.</p>
Not applicable
Extension of stay
The extension of the maximum duration of stay in the country initially permitted by the visa, subject to approval by the immigration authorities. This is typically processed within the country without the need for departure.
<p>The right to permanent residence remains indefinitely subject to the conditions (preservation of investments and sufficient income).</p>
multiple-entry
The ability to enter and exit the country an unlimited number of times, unless otherwise specified, within the visa's validity period.
Number of entries
A parameter specifying the number of times the visa holder can enter the country during its validity period. Visas can be single-entry, multiple-entry, or with a specified number of entries.
<p>The number of entries with residence permit is unlimited as long as the criteria for such entry are met and all applicable rules and laws are complied with.</p>
2 months
Processing time
The period during which the immigration authorities review the application and make a decision regarding the issuance of the visa. Only business days are counted, excluding weekends and public holidays.
<p>After submitting the full set of documents, the application takes approximately two months to process. The review period may be extended by decision of the state authorities.</p>
€500 (~$587)
Consular fee
A fee levied for the processing and evaluation of an application. This charge is non-refundable under any circumstances. In certain instances, the payment of supplementary fees may be required.
<p><span data-sheets-root="1">A fee of €500 is charged upon application submission, as well as a fee of €70 for each person included in the application for issuing the Alien Registration Certificate (ARC), where it does not already exist.</span></p>
A list of documents required for visa application. The exact list depends on the chosen visa type, the purpose of the visit, and the individual conditions of the applicant.
The essential minimum documents required for a visa application, such as a passport or visa application form. These are necessary regardless of the location, method, or conditions of the application.
Passport
Issued less than 10 years ago, with a validity period exceeding the duration of the visa by at least three months and with at least two blank pages.
Visa
A valid short-term visa for entering Cyprus (for example, tourist).
Documents that specify, substantiate, and confirm the purpose of the visit, as well as provide necessary information about the applicant and their future activities in the country.
Proof of the annual income
Tax return declaration from the country the applicant declares tax resident for the proof of the annual income (original documents and affidavit or declaration).
Investment in a house/apartment
Title of ownership or contract of sale duly stamped by the Stamps Commissioner and the Department of Lands & Surveys (original or certified copy) and proof of payment for at least €300.000 (plus VAT). Search Certificate of Immovable Property from the Department of Lands & Surveys, if necessary.
Investment in real estate (excluding houses/apartments)
Title of ownership or contract of sale duly stamped by the Stamps Commissioner and the Department of Lands & Surveys (original or true copy) and proof of payment for at least €300.000 (plus VAT). Search Certificate of Immovable Property from the Department of Lands & Surveys, if necessary.
Investment in Cyprus Company’s share capital
Investment in Cyprus Company’s share capital, with business activities and personnel in the Republic: - Share Purchase Agreement of a minimum value of €300.000 - Shareholders Certificate and Certificate of Incorporation by the Registrar of Companies and Official Receiver - Business profile of the company including business objectives etc. - Evidence regarding the personnel employed by the company issued by the Social Insurance Services.
Investment in units of a Cyprus Investment Organization of Collective Investments
Investment in units of a Cyprus Investment Organization of Collective Investments (forms of AIF, AIFLNP, RAIF): - Titles or other proof of the purchased units of a minimum value of €300.000 - Confirmation by the CySEC on the setup of the Fund - Memorandum of the Fund or the Investment Fund
Proof of accommodation
Title of ownership or contract of sale and proof of payment of the property or rental agreement (original or true copy), in case of investments in non-residential real estate or company shares and for the cases where the investment property does not satisfy the needs of the applicant’s family.
Statements of no intention to work in Cyprus
Official Statements by the applicant and his/her spouse that they do not intent to undertake any sort of employment in Cyprus, with the exception of their employment as a Director in a Company in which they have invested according to the provisions of the criteria for granting an Immigration Permit to third country nationals who invest in Cyprus.
Criminal Record Certificate
Original Criminal Record Certificate for the applicant and his/her spouse, duly certified and officially translated from their country of origin and their country of residence, if different.
Health insurance
Health Insurance Policy Certificate for medical care covering inpatient and outpatient care, for the applicant and his family members.
Proof of family ties
Marriage Certificate duly certified and officially translated. Children’s Birth Certificates dully certified and officially translated.
Documents required vary depending on individual circumstances, specific visa conditions, the place, and the method of application.
Current immigration or residence status
National passport or ID card; residence permit or other document confirming the right to legally reside in the country of residence, if it differs from the one stated in the applicant's passport.
Medical documents
Depending on the purpose of visit may be required: HIV, syphilis, hepatitis B, hepatitis C blood tests and report of x-ray for Tuberculosis.
*Foreign official documents must be apostilled and legalized in accordance with the regulations of the country whose consular or diplomatic mission they are being submitted to. Additionally, they must be accompanied by a certified translation into the official language of that country or into English, unless otherwise specified by the mission's requirements.
**Prior to submitting the documents, it is strongly advised to verify the specific procedures and requirements with the relevant mission.
The minimum criteria that each visa applicant must meet. If these criteria are not met, justifications and convincing evidence of intent to visit the country must be provided.
Clear purposes of the visit and documents confirming them, in accordance with the visa conditions.
Sufficient means to support oneself and their dependents for the duration of their stay in the country.
The applicant does not pose a threat to public order, internal security, public health or international relations of the country.
The characteristics of a visa according to its classification by types, categories, and visit purposes. These are selected by the applicant during the application process, typically indicated on the visa application form and reflected in corresponding annotations on the visa itself.
Type of visa
The primary purpose of the visa and the conditions under which it is issued. This typically includes several general categories of visas and/or visit purposes based on the type of activity or reasons for entering the country.
Permanent residence permit
Category
The classification within a visa type that specifies more specific conditions, characteristics of obtaining, and using the visa. Categories may vary in terms of duration, stay conditions, and the rights granted by the visa.
Investor visa
Links to official resources upon which the information presented on the website is based. Information portals of government bodies or diplomatic representations of the country responsible for visa issuance and immigration policy in general.
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support@terrana.orgLast updated 2026-04-20