The relevant program for obtaining permanent residence in Cyprus through investment offers four investment options. A non-European investor and their family members can obtain Permanent Residence in Cyprus by: 1. Investing a minimum of €300,000 in one of the following categories: (A) Investing in a house or apartment: This involves purchasing a house or apartment from a development company, with a minimum first sale value of €300,000 (plus VAT) as of 07/05/2013. Purchase and sale documents related to residential resales, filed with the Land Registry before 07/05/2013 (confirmed by the Department of Land Registry and Land Surveying), will be accepted for the implementation of this policy. (B) Investing in real estate (excluding houses/apartments): This includes purchasing other types of real estate such as offices, shops, hotels, or related estate developments, or a combination of these, with a total value of €300,000. The purchase can be the result of a resale. (C) Investing in the share capital of a Cyprus Company: This involves investing €300,000 in the share capital of a company registered in the Republic of Cyprus, which is based and operates in Cyprus, has a proven physical presence in Cyprus, and employs at least five (5) people. (D) Investing in units of Cyprus Investment Organization of Collective Investments (AIF, AIFLNP, RAIF): This requires an investment worth €300,000 in units of the Cyprus Investment Organization of Collective Investments. AND 2. The candidate must present documentation confirming a guaranteed annual income of no less than €50,000 from overseas. This amount should increase by €15,000 for the spouse and €10,000 for each dependent child of the candidate and/or their spouse. If the candidate decides to invest in a property, this income must be sourced from salaries, pensions, stock dividends, interest on deposits, or rental income from abroad, which can only be verified through their tax declaration in the country where they are considered a tax resident. However, if the candidate opts to invest in real estate (excluding houses/apartments) or in the share capital of a Cyprus Company or in units of the Cyprus Investment Organization of Collective Investments (such as AIF, AIFLNP, RAIF), then their total income or a portion of it may also come from activities within Cyprus, as long as it is subject to taxation in Cyprus.
