Cyprus Limits Golden Visa Program

The Cyprus Golden Visa Program changes approved in April 2023 have become effective.

Key Changes
  • The dependent determination has changed to no longer include the principal applicant’s parents or parents-in-law.
  • The principal applicant’s minimum income requirement has increased from €30,000 to €50,000.
  • Applicants must annually prove that they are earning the minimum income requirement based on family size.
  • Investors must also prove they have not divested from their initial €300,000 minimum investment asset.

Golden visa holders who cannot meet the above criteria will have their immigration permit and their family’s permit canceled.

Erickson Insights

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