What is Cyprus PR by investment (fast-track 6.2)?
Cyprus permanent residence by investment — Category 6.2, the fast-track scheme — is granted under Regulation 6(2) of the Aliens and Immigration Regulations (Cap. 105) to non-EU nationals who invest at least €300,000 in Cyprus and show sufficient income from abroad. The Migration Department (formerly the CRMD) targets about two months' processing. It confers indefinite residence, not citizenship or an EU passport.
Key facts at a glance
- Minimum investment
- €300,000 (+ VAT where applicable)
- Income
- secured income from abroad, with per-dependant uplift — indicative
- Timeline
- ~2 months (CRMD target); allow longer in practice
- Authority
- Migration Department
- Legal basis
- Regulation 6(2), Aliens & Immigration Regulations (Cap. 105)
What is the Cyprus fast-track PR scheme?
Category 6.2 is the shorthand for permanent residence by investment under Regulation 6(2). It lets non-EU investors skip the standard five-year temporary-residence route: invest €300,000 in a qualifying Cyprus asset, show passive income, and the CRMD can issue a permanent residence card in around two months. The card is renewed every ten years, but the residence right is indefinite. It is residence only — not citizenship or an EU passport.
What investments qualify?
Four asset types meet the €300,000 minimum: a new residential property bought from a developer; commercial or other real estate; share capital in a Cyprus company with real substance and staff; or units in a Cyprus-regulated (CySEC) investment fund. New residential property attracts VAT on top — 5% if it qualifies as your main residence, otherwise 19%. The funds must be transferred to Cyprus from abroad.
What income and conditions apply?
You must show secured income from abroad — pensions, dividends, rents or interest, with an addition for a spouse and each child; a Cyprus salary does not count. You also need a clean criminal record, health insurance and clear source-of-funds documents tracing the €300,000. The CRMD targets about two months from a complete application. The permit can be lost if you do not visit Cyprus at least once every two years.
Related
Browse all Immigration & Residency FAQsPermanent Residency in Cyprus (Category 6.2): the complete guideAll Cyprus law FAQsHarris Koufettas
Managing Partner · Cyprus Bar R.N.4466 · Harris Koufettas & Associates LLC (R.N.655)
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