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Glossary · Cyprus PR

Cyprus PR criteria - the programme rules, 4th revision

The current rules of the Cyprus permanent residence by investment programme, 4th revision of 02.05.2023: from €300,000 excluding VAT, income, family and documents.

Cyprus PR programme
€300,000minimum excl. VAT
€50,000applicant income
4threvision of the rules

01 / In 30 seconds

The short answer

What it is
The current rules of fast-track Cyprus permanent residence by investment
Revision
4th, in force since 02.05.2023, page updated 18.03.2026
Investment
From €300,000 excluding VAT
Income
€50,000 + €15,000 for a spouse + €10,000 per child

02 / In plain words

What Cyprus PR criteria means

The criteria are the current rules of the Cyprus permanent residence by investment programme under Regulation 6(2). The 4th revision has applied since 02.05.2023; the gov.cy page was updated on 18.03.2026.

The rules set the investment amount (from €300,000 excluding VAT), the investment options, the income to prove, the family composition and the document list. For example, when buying a home only a first sale from a developer counts, and up to two units may be bought.

The rules also describe monitoring: after PR is granted, the investment and insurance are confirmed every year. Anything not in the criteria is not counted by the department.

A simple example

A family with two children aged 10 and 15 buys a new apartment from a developer for €300,000 excluding VAT. Under the criteria they must prove income of €50,000 + €15,000 + 2 × €10,000 = €85,000 a year.

When the criteria matter

  • Choosing a property or investment option
  • Calculating the family's required income
  • Deciding who goes into the application
  • Assembling documents for Form MIP2

03 / What it covers

What the criteria define

01

Investment

  • From €300,000 excl. VAT
  • New home from a developer
  • Up to two units
02

Family

  • Spouse and children under 18
  • Students 18-25 - own application
  • Adult children - own investment
03

Income

  • €50,000 for the applicant
  • €15,000 for a spouse
  • €10,000 per child
04

After PR

  • Annual monitoring
  • Plan A insurance
  • Criminal records every 3 years

04 / How it works

How to apply the criteria to your case

Step 1

Family

Who is in the application, who files separately.

Step 2

Investment option

Home, commercial property, company or fund.

Step 3

Income

The amount for your family and how to prove it.

Step 4

Documents

The file according to the criteria list.

Step 5

Filing

Form MIP2 at the Migration Department.

05 / Key facts

Key facts

01Rules version

4th, in force since 02.05.2023

The authority assesses applications only under the current version. The gov.cy page was updated on 18.03.2026; terms from old articles do not apply.

02Investment

From €300,000 excluding VAT

The applicant pays from a personal foreign account before filing, VAT on top. For homes, only a first sale by a developer counts, up to two properties.

03Income

€50,000 + €15,000 spouse + €10,000 per child

The applicant proves annual income with a tax return or an auditor's certificate. A couple with two children needs €85,000 a year.

04Family

Spouse and children under 18, no parents

Students aged 18-25 file their own application without a separate investment. Adult children not studying need their own investment; parents are not included.

Common mistakes

Buying a resale home for PR

For homes, only a first sale by a developer counts. The exception is contracts submitted before 07.05.2013.

Counting the €300,000 including VAT

The threshold is excluding VAT. With 19% VAT, a €300,000 new home costs €357,000; the 5% rate for your main home applies only under specific conditions.

Including parents in the application

Under the 4th version, parents are not included. The application covers the spouse, children under 18 and students aged 18-25 with their own applications.

06 / Expert advice

Anna Kovalevskaya

How to prepare

Start with family composition and income: they decide whether one application and one investment are enough. Choose the property only after checking it against the criteria - otherwise you may buy something the department will not count.

What we do for you. We check your situation against the current criteria before you buy: family, income, investment option. That way your money goes only into what will be counted.

Anna KovalevskayaLead lawyer for EU citizenship and residency, 12 years of practice

07 / Questions

Frequently asked questions

The 4th version, in force since 02.05.2023. The gov.cy page was updated on 18.03.2026.

From €300,000 excluding VAT. The money is transferred from a personal account abroad and paid before you apply.

No, for homes only a first sale by a developer counts. The exception is contracts submitted before 07.05.2013.

No, under the current version parents are not included in the application.

Up to two homes, including from different developers, if their combined price meets the €300,000 threshold excluding VAT.

€50,000 a year for the applicant, plus €15,000 for the spouse and €10,000 for each child under 18. It is proven with a tax return or an auditor's certificate.

Every year, that the investment is kept and insurance is valid; every 3 years, police clearance for adults. This is a condition of keeping the status.

Cyprus PR glossary

Related terms

Author: Anna Kovalevskaya

Reviewed by: Sergey Evdokimov

Sources: Cyprus Migration Department, gov.cy - Immigration Permits for Investors (4th revision)

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Anna Kovalevskaya, lead lawyer at BRIDGES GLOBAL
Anna KovalevskayaLead lawyer, citizenship and residency, 12 years of practice