Cyprus on March 24 introduced some new investment options and criteria for obtaining permanent residency, according to which one can obtain permanent residence by investing at least 300,000 euros in a new house/apartment (reselling property does not apply); or investing in new or resale commercial property; or investing in a Cypriot company's capital; or investing in funds that are regulated in Cyprus. Further, you will need to prove an additional purchase agreement or rental agreement for the property/household that you will be residing. Now if you invest in residential or commercial property, you can rent the place, but it is advisable to send the rent money in a bank account abroad. Further, you have the right to become a shareholder in a Cypriot company and receive dividends.
