The applicant must invest at least €300,000 in one of the following investment categories:
(A) Investment in a house/apartment
(B) Investment in real estate (excluding houses/apartments)
(C) Investment in Cyprus Company’s share capital, with business activities and personnel in the Republic
(D) Investment in units of Cyprus Investment Organization of Collective Investments.
The Immigration Permit is issued to the applicant, and it covers his/her spouse and their children under the age of 18 as dependent persons. If for any reason the Immigration Permit granted to the investor is cancelled, this will result in the cancellation of the dependents persons Permit.
The residence right of such permits is of unlimited validity, for the holder and his/her adult dependents. The residence permit (card), however, has an expiry date of ten years from the date of its issuance and must be renewed with its expiration.
The residence permit which is issued to the underage dependents is valid until the age of 18.