The Cyprus Ministry of Interior implemented significant amendments to the criteria for granting Permanent Residency under Regulation 6(2) since May 2, 2023.
Cyprus, over the last few years has attracted continues to attract HNWI who are looking to relocate to another country for tax, business or personal reasons.
On July 11, 2024, the Cypriot Parliament enacted the EU Blue Card, designed to attract highly skilled non-EU nationals to work and reside in Cyprus and across the European Union.
