How Much Money Do You Need to Get Residency in Cyprus?

The financial requirements depend on which residency option you choose. Cyprus offers several accessible pathways that appeal to retirees, digital nomads, families, and investors.

1. Temporary Residence Permit (“Pink Slip”)

Requires:

• Proof of enough funds to live comfortably for a year

• Typically €15,000–€20,000 per person

• Health insurance

• Rental agreement or property ownership

This permit is renewed annually.

2. Category F Permanent Residency

Ideal for retirees:

• Minimum annual income: approx. €20,000–€30,000

• Additional €5,000–€7,000 per dependent

• Must show funds come from outside Cyprus

• Clean criminal record

This leads to long-term residency with minimal requirements.

3. Digital Nomad Visa

For remote workers:

• €3,500 monthly income after tax

• Valid health insurance

• Proof of remote employment

Valid for 1–3 years.

4. Property-Based Permanent Residency

Requires purchasing qualifying real estate (exact thresholds vary by program rules).

This option grants faster approval and includes family members.

Other Costs to Consider

• Private health insurance: €300–€600 annually

• Application fees

• Apostilles and translations

• Living expenses (lower than U.S.)

Bottom Line

You may need anywhere from €15,000 per year (temporary stay) to €30,000+ income (permanent residency). Cyprus remains one of Europe’s most affordable and accessible residency destinations.

Use CitizenCY to streamline your application.

Download the CitizenCY app for residency calculators, documentation checklists, and expert guidance.