The Department of Interior of Cyprus has adopted a new law whereby third country citizens (non Europeans) who legally purchase property in Cyprus, of a value that exceeds €300,000, will be entitled to apply for and receive an immigration permit.  An immigration permit is the equivalent to a permanent residence permit in Cyprus allowing holders to not be subject to time consuming immigration procedures.  The new measure is expected to boost property sales by providing an extra incentive to third country citizens to choose Cyprus as their investment destination.

Download the following PDF document for more information: Immigration permits for Non Europeans