A Three-Hundred-Thousand-Euro Route Built Entirely on a Residual Discretion in a Regulation of 1972
Answer
The general rule applies to you
No exception is recorded for citizens of Panama on this topic. That is the answer, not a gap - everything below is the rule you get, unchanged.
172 exceptions recorded across 63 countries · none match Panama to Cyprus · Residency through investment
Cyprus has no investor category. Regulation 5 of the Aliens and Immigration Regulations lists six kinds of person who may be granted an immigration permit and an investor is not one of them. What the investor route rests on instead is Regulation 6(2), the escape hatch: notwithstanding anything in Regulation 5, the Minister may grant an immigration permit to an immigrant who does not belong to any of the listed categories, if he thinks it expedient and is satisfied that the person's immigration is not to the detriment of the inhabitants of the Republic generally. On that one sentence the Migration Department has built a published policy, now in its fourth revision and in force since 2 May 2023, under which a third-country national who invests at least EUR 300,000 gets an immigration permit under an expedited procedure. The investment may be a first-sale house or apartment, other real estate, the share capital of a Cyprus company with physical presence and at least five employees, or units in a Cyprus collective investment organisation. On top of the investment the applicant must show a secured annual income of at least EUR 50,000 from abroad, rising by EUR 15,000 for a spouse and EUR 10,000 for each dependent minor child, and must confirm that he does not intend to take up employment in the Republic except as a director of the company he invested in. An adult child who wants the same permit multiplies the investment: EUR 600,000 for one, EUR 900,000 for two. The route to citizenship by investment that once sat beside this one is gone - subsection (2) of article 111Α of the Civil Registry Law, which carried the Cyprus Investment Programme, now reads Deleted.
At a glance
- Minimum investment
- EUR 300,000
Paragraph 2.1 of the Migration Department's criteria, fourth revision, in force from 2 May 2023.
- Income on top of the investment
- EUR 50,000 a year, plus EUR 15,000 for a spouse and EUR 10,000 per dependent minor child
Paragraph 2.2 of the criteria, which requires the income to derive from abroad where the investment is in a house or apartment.
- Legal basis
- Regulation 6(2) of the Aliens and Immigration Regulations, the residual discretion
Paragraph 1.1 of the criteria says so itself. There is no investor category in Regulation 5.
- Adult children
- The EUR 300,000 is multiplied by the number of adult children relying on the same investment
Paragraph 6 of the criteria: EUR 600,000 for one adult child, EUR 900,000 for two.
- Employment
- Not permitted, except as a director of the company invested in
Paragraph 3.3 of the criteria, which both the applicant and the spouse must confirm.
- Fee
- EUR 500 on submission, plus EUR 70 per person for the Aliens Registration Certificate
Paragraph 7 of the criteria.
- Decision time
- About two months
Paragraph 8 of the criteria, measured from a completed application.
- Citizenship by investment
- Repealed - article 111Α(2) of the Civil Registry Law now reads Deleted
Deleted by the Civil Registry (Amending) (No. 2) Law of 2025. Article 111Α(2Α) preserves the deleted subsection only for a re-examination ordered by a court on an application lodged up to 30 October 2020.
Requirements
- An investment of at least EUR 300,000 in one of four categories, paid from abroad into a Cyprus institution
- A secured annual income from abroad of at least EUR 50,000, plus EUR 15,000 for a spouse and EUR 10,000 per dependent minor child
- A clean criminal record from the country of origin and of residence, for the applicant and the spouse
- Health insurance covering inpatient and outpatient care
- A confirmation that you will not take employment in the Republic, other than as a director of the company invested in
Country-level policy
The Office of the Law Commissioner prints bound editions of Cypriot statutes and the Republic serves them as PDFs from gov.cy. The edition of the Aliens and Immigration Law, Cap. 105, is dated August 2024 and carries the amendments down to Law 111(I) of 2024. Its own legal notice then withdraws most of what a reader would take it to be: the edition does not constitute a consolidation in the proper sense of the term, because the sections were not renumbered and it was never approved by the House of Representatives; it is published for practical convenience and does not replace the text of the laws it brings together; and only the texts published in the printed Official Gazette are authentic. The English edition of the free-movement Law 7(I)/2007 says the same thing in English, and adds that it is a translation. What fills the gap is a commercial service: CyLaw, run by the Cyprus Bar Association, publishes consolidated texts that are materially more current than the state's own - its Income Tax Law carries the rate bands that apply from tax year 2026, where the Tax Department's own PDF of the same Act still prints the bands of 2008. The Health Insurance Organisation, a statutory body of the Republic, links its readers to CyLaw for the consolidated text of its own founding Act rather than to anything the state publishes.
What applies to you
Nothing changes for a citizen of Panama
We have no rule recorded that treats your citizenship differently here, so the general rule above is the one that applies to you. That is an answer, not a gap.
What the law says
«(2) Ανεξαρτήτως οιουδήποτε διαλαμβανομένου εν τω κανονισμω 5 και τη παραγράφω (1) του παρόντος Κανονισμού, ο Υπουργός δύναται να χορηγήση άδειαν μεταναστεύσεως εις μετανάστην όστις δεν ανήκει εις μίαν των εν τω κανονισμω 5 εκτιθεμένων κατηγοριών, εάν ούτος θεωρη πρόσφορον να πραξη ούτω και εάν ικανοποιήται ότι η μετανάστευσις του τοιούτου προσώπου δεν είναι προς βλάβην των κατοίκων γενικώς της Δημοκρατίας.»Our translation - not official
(2) Notwithstanding anything contained in Regulation 5 and in paragraph (1) of this Regulation, the Minister may grant an immigration permit to an immigrant who does not belong to one of the categories set out in Regulation 5, if he considers it expedient to do so and if he is satisfied that the immigration of such person is not to the detriment of the inhabitants of the Republic generally.
The whole legal foundation of the investor route. Note what it does not contain: any sum, any category of investment, any income test, and any mention of notifying the Council of Ministers.
Read it at the sourceAbout this source
The Republic's law revision office. It prints bound editions of Cypriot statutes - a Greek consolidation of a colonial-era Chapter, an English translation and consolidation of a modern Act - and gov.cy serves them as PDFs from https://www.gov.cy/media/sites/287/. The Aliens and Immigration Law (Cap. 105) is at .../2026/03/o-peri-allodapon-kai-metanasteyseos-nomos-kef-105.pdf, 549,910 characters, August 2024 edition, amendments to Law 111(I)/2024. Its Regulations and the Visa Regulations 2004 are in one volume at .../2026/03/oi-peri-allodapon-kai-metanasteyseos-kanonismoi-toy-1972-mechri-2013-kai-peri.pdf, December 2017 edition. The free-movement Law 7(I)/2007 is at .../2026/06/L_7_I_2007.pdf, May 2024 edition, amendments to Law 96(I)/2023, in English. The addresses are stable and answer a plain request; no proxy, no warm-up, no session.
Standing: Maintains the text in force
Cannot be cited for: **Each edition says on its own first page that it is not a consolidation.** The Greek Cap. 105 edition prints, in terms, that it does not constitute a consolidation in the proper sense of the term because the sections were not renumbered and the House of Representatives never approved it, that it is issued for practical convenience without replacing the text of the laws consolidated, and that only the texts published in the printed Official Gazette of the Republic are authentic. The English Law 7(I)/2007 edition says the same and adds that it is a translation. So nothing here may be cited as the authentic text of anything, and the date on the title page is a cut-off rather than a statement about the law today - the Regulations edition is nine years old and the last regulation it carries is of 1 February 2013, which is why it still names the Minister where the Migration Department now names the Deputy Minister of Migration and International Protection. Two mechanical limits matter. The PDFs are set in two columns with the amending Act printed as a marginal note, and the project's extraction preserves the physical page, so a marginal reference lands inside the sentence it annotates: a quotation that crosses one cannot be taken whole, and several quotations in the Cyprus records stop short of the end of a subsection for that reason. The English edition's text layer is itself a recognition - it prints the amending Acts as 7(1) of 2007 and 8(0) of 2013, reading the Roman numeral I as a digit - so a citation copied from it has to be checked against the Act number rather than trusted. It consolidates only what it has published: there is no edition here of the Income Tax Law, the Civil Registry Law, the General Healthcare System Law, the Driving Licence Law or the payment accounts Law, and for those the only consolidated text is the Bar Association's.
We re-read it every 120 days. More about this source
«1.1. In line with the provisions of Regulation 6(2) of the Aliens and Immigration Regulations, the Minister of Interior, having notified the Council of Ministers, has decided to issue an Immigration Permit to third country applicants in cases of investments that meet the requirements of this policy.»The Department's own account of where the power comes from. It adds the step of notifying the Council of Ministers, which Regulation 6(2) does not require.
Read it at the sourceAbout this source
The department that decides every residence application in Cyprus, publishing at https://www.gov.cy/mip-md/ in Greek and at /mip-md/en/ in English. Its pages are the operative text for routes the statute leaves open: the Category A to F criteria for an immigration permit, the fourth revision of the investor criteria in force since 2 May 2023, the single-permit employment page with its fees and its four-year ceiling, the students page, the family-members-of-Cypriots page, and the entry page. Each carries a Posted On date. The site answers a plain request through the extraction service; a direct fetch with a default user agent is refused with 403.
Standing: Applies the rule
Cannot be cited for: **It publishes policy and calls it criteria, and much of that policy has no instrument behind it.** The entire investor route rests on Regulation 6(2) of the Aliens and Immigration Regulations, a residual discretion that names no sum; the EUR 300,000, the four investment categories, the EUR 50,000 income and the multiplication for adult children are the Department's and can change by a fifth revision without anything being published in the Gazette. The same is true of the policy for third-country family members of Cypriot citizens and of the four-year ceiling on employment. Where it restates a statute it sometimes does not match it: its Category F page adds three conditions Regulation 5(f) does not contain - that the income come from abroad, that it allow a decent living, and that the holder not work - and reads the First Schedule's figures as Cyprus pounds, publishing EUR 9,568 and EUR 4,613 where the Office of the Law Commissioner's edition prints EUR 5,600 and 2,700. Its Category A capital of approximately EUR 430,000 does not match the EUR 341,720 in the Regulations either. It cannot be cited for the text of Cap. 105 or of the Regulations, nor for visas: it says itself that where an entry visa is not required the competent authority is the Ministry of Foreign Affairs.
We re-read it every 60 days. More about this source
«2.1 The applicant must invest at least €300,000 in one of the following investment categories:»About this source
The department that decides every residence application in Cyprus, publishing at https://www.gov.cy/mip-md/ in Greek and at /mip-md/en/ in English. Its pages are the operative text for routes the statute leaves open: the Category A to F criteria for an immigration permit, the fourth revision of the investor criteria in force since 2 May 2023, the single-permit employment page with its fees and its four-year ceiling, the students page, the family-members-of-Cypriots page, and the entry page. Each carries a Posted On date. The site answers a plain request through the extraction service; a direct fetch with a default user agent is refused with 403.
Standing: Applies the rule
Cannot be cited for: **It publishes policy and calls it criteria, and much of that policy has no instrument behind it.** The entire investor route rests on Regulation 6(2) of the Aliens and Immigration Regulations, a residual discretion that names no sum; the EUR 300,000, the four investment categories, the EUR 50,000 income and the multiplication for adult children are the Department's and can change by a fifth revision without anything being published in the Gazette. The same is true of the policy for third-country family members of Cypriot citizens and of the four-year ceiling on employment. Where it restates a statute it sometimes does not match it: its Category F page adds three conditions Regulation 5(f) does not contain - that the income come from abroad, that it allow a decent living, and that the holder not work - and reads the First Schedule's figures as Cyprus pounds, publishing EUR 9,568 and EUR 4,613 where the Office of the Law Commissioner's edition prints EUR 5,600 and 2,700. Its Category A capital of approximately EUR 430,000 does not match the EUR 341,720 in the Regulations either. It cannot be cited for the text of Cap. 105 or of the Regulations, nor for visas: it says itself that where an entry visa is not required the competent authority is the Ministry of Foreign Affairs.
We re-read it every 60 days. More about this source
«2.2 The applicant should, in addition to the investment under Paragraph 2.1 above, be able to prove that he has at his disposal a personal secure annual income of at least €50,000. This annual income increases by €15,000 for his/her spouse and by €10,000 for each of his/her or his/her spouse’s dependent minor child. This income should derive from abroad and may include salaries or wages, pensions, dividends from shares, bank deposits interest, rents, etc., which can only be proved through a tax return declaration from the country he declares tax resident, in cases where the applicant chooses to invest as Section 2.1 (A). In calculating the total amount of income»The income test, and the restriction of the from-abroad requirement to the housing route.
Read it at the sourceAbout this source
The department that decides every residence application in Cyprus, publishing at https://www.gov.cy/mip-md/ in Greek and at /mip-md/en/ in English. Its pages are the operative text for routes the statute leaves open: the Category A to F criteria for an immigration permit, the fourth revision of the investor criteria in force since 2 May 2023, the single-permit employment page with its fees and its four-year ceiling, the students page, the family-members-of-Cypriots page, and the entry page. Each carries a Posted On date. The site answers a plain request through the extraction service; a direct fetch with a default user agent is refused with 403.
Standing: Applies the rule
Cannot be cited for: **It publishes policy and calls it criteria, and much of that policy has no instrument behind it.** The entire investor route rests on Regulation 6(2) of the Aliens and Immigration Regulations, a residual discretion that names no sum; the EUR 300,000, the four investment categories, the EUR 50,000 income and the multiplication for adult children are the Department's and can change by a fifth revision without anything being published in the Gazette. The same is true of the policy for third-country family members of Cypriot citizens and of the four-year ceiling on employment. Where it restates a statute it sometimes does not match it: its Category F page adds three conditions Regulation 5(f) does not contain - that the income come from abroad, that it allow a decent living, and that the holder not work - and reads the First Schedule's figures as Cyprus pounds, publishing EUR 9,568 and EUR 4,613 where the Office of the Law Commissioner's edition prints EUR 5,600 and 2,700. Its Category A capital of approximately EUR 430,000 does not match the EUR 341,720 in the Regulations either. It cannot be cited for the text of Cap. 105 or of the Regulations, nor for visas: it says itself that where an entry visa is not required the competent authority is the Ministry of Foreign Affairs.
We re-read it every 60 days. More about this source
«3.3 The applicant and his/her spouse shall confirm that they do not intend to undertake any form of employment in the Republic, with the exception of their employment as Directors in a Company in which they have chosen to invest under this policy.»About this source
The department that decides every residence application in Cyprus, publishing at https://www.gov.cy/mip-md/ in Greek and at /mip-md/en/ in English. Its pages are the operative text for routes the statute leaves open: the Category A to F criteria for an immigration permit, the fourth revision of the investor criteria in force since 2 May 2023, the single-permit employment page with its fees and its four-year ceiling, the students page, the family-members-of-Cypriots page, and the entry page. Each carries a Posted On date. The site answers a plain request through the extraction service; a direct fetch with a default user agent is refused with 403.
Standing: Applies the rule
Cannot be cited for: **It publishes policy and calls it criteria, and much of that policy has no instrument behind it.** The entire investor route rests on Regulation 6(2) of the Aliens and Immigration Regulations, a residual discretion that names no sum; the EUR 300,000, the four investment categories, the EUR 50,000 income and the multiplication for adult children are the Department's and can change by a fifth revision without anything being published in the Gazette. The same is true of the policy for third-country family members of Cypriot citizens and of the four-year ceiling on employment. Where it restates a statute it sometimes does not match it: its Category F page adds three conditions Regulation 5(f) does not contain - that the income come from abroad, that it allow a decent living, and that the holder not work - and reads the First Schedule's figures as Cyprus pounds, publishing EUR 9,568 and EUR 4,613 where the Office of the Law Commissioner's edition prints EUR 5,600 and 2,700. Its Category A capital of approximately EUR 430,000 does not match the EUR 341,720 in the Regulations either. It cannot be cited for the text of Cap. 105 or of the Regulations, nor for visas: it says itself that where an entry visa is not required the competent authority is the Ministry of Foreign Affairs.
We re-read it every 60 days. More about this source
«The market value of the €300,000 investment should be multiplied by the number of adult children invoking the same investment for the purpose of obtaining an Immigration Permit. For instance, in case the applicant has one adult child he/she should make an investment worth €600,000, if he has/she two adult children the value of the investment should amount to €900,000 and so on.»About this source
The department that decides every residence application in Cyprus, publishing at https://www.gov.cy/mip-md/ in Greek and at /mip-md/en/ in English. Its pages are the operative text for routes the statute leaves open: the Category A to F criteria for an immigration permit, the fourth revision of the investor criteria in force since 2 May 2023, the single-permit employment page with its fees and its four-year ceiling, the students page, the family-members-of-Cypriots page, and the entry page. Each carries a Posted On date. The site answers a plain request through the extraction service; a direct fetch with a default user agent is refused with 403.
Standing: Applies the rule
Cannot be cited for: **It publishes policy and calls it criteria, and much of that policy has no instrument behind it.** The entire investor route rests on Regulation 6(2) of the Aliens and Immigration Regulations, a residual discretion that names no sum; the EUR 300,000, the four investment categories, the EUR 50,000 income and the multiplication for adult children are the Department's and can change by a fifth revision without anything being published in the Gazette. The same is true of the policy for third-country family members of Cypriot citizens and of the four-year ceiling on employment. Where it restates a statute it sometimes does not match it: its Category F page adds three conditions Regulation 5(f) does not contain - that the income come from abroad, that it allow a decent living, and that the holder not work - and reads the First Schedule's figures as Cyprus pounds, publishing EUR 9,568 and EUR 4,613 where the Office of the Law Commissioner's edition prints EUR 5,600 and 2,700. Its Category A capital of approximately EUR 430,000 does not match the EUR 341,720 in the Regulations either. It cannot be cited for the text of Cap. 105 or of the Regulations, nor for visas: it says itself that where an entry visa is not required the competent authority is the Ministry of Foreign Affairs.
We re-read it every 60 days. More about this source
«This policy enters into force on 02/05/2023»About this source
The department that decides every residence application in Cyprus, publishing at https://www.gov.cy/mip-md/ in Greek and at /mip-md/en/ in English. Its pages are the operative text for routes the statute leaves open: the Category A to F criteria for an immigration permit, the fourth revision of the investor criteria in force since 2 May 2023, the single-permit employment page with its fees and its four-year ceiling, the students page, the family-members-of-Cypriots page, and the entry page. Each carries a Posted On date. The site answers a plain request through the extraction service; a direct fetch with a default user agent is refused with 403.
Standing: Applies the rule
Cannot be cited for: **It publishes policy and calls it criteria, and much of that policy has no instrument behind it.** The entire investor route rests on Regulation 6(2) of the Aliens and Immigration Regulations, a residual discretion that names no sum; the EUR 300,000, the four investment categories, the EUR 50,000 income and the multiplication for adult children are the Department's and can change by a fifth revision without anything being published in the Gazette. The same is true of the policy for third-country family members of Cypriot citizens and of the four-year ceiling on employment. Where it restates a statute it sometimes does not match it: its Category F page adds three conditions Regulation 5(f) does not contain - that the income come from abroad, that it allow a decent living, and that the holder not work - and reads the First Schedule's figures as Cyprus pounds, publishing EUR 9,568 and EUR 4,613 where the Office of the Law Commissioner's edition prints EUR 5,600 and 2,700. Its Category A capital of approximately EUR 430,000 does not match the EUR 341,720 in the Regulations either. It cannot be cited for the text of Cap. 105 or of the Regulations, nor for visas: it says itself that where an entry visa is not required the competent authority is the Ministry of Foreign Affairs.
We re-read it every 60 days. More about this source
«(2) [Διαγράφηκε].»Our translation - not official
(2) [Deleted].
All that is left of the Cyprus Investment Programme in the statute book. The whole of the subsection is this word.
Read it at the sourceAbout this source
The legal-information service of the Cyprus Bar Association at https://www.cylaw.org/, and in practice the only place a consolidated Cypriot statute can be read. Each Act has an address of the form /nomoi/enop/non-ind/<year>_<part>_<number>/full.html - the Income Tax Law 118(I)/2002 at /2002_1_118/full.html, the Civil Registry Law 141(I)/2002 at /2002_1_141/full.html, the General Healthcare System Law 89(I)/2001 at /2001_1_89/full.html, the Driving Licence Law 94(I)/2001 at /2001_1_94/full.html, the research-and-studies Law 7(I)/2019 at /2019_1_7/full.html, the payment accounts Law 64(I)/2017 at /2017_1_64/full.html. Every page opens with an Ιστορικό Τροποποιήσεων listing each amending Act in order, and each provision is followed by the Acts that made it, so the amendment chain is readable rather than inferred. The consolidations are materially more current than the state's own: the Income Tax Law here carries amendments to 67(I)/2026 where the Tax Department's PDF stops at 219(I)/2025. The pages are served in a non-Unicode encoding that a plain client renders as mojibake; the project's fetcher handles it and the stored text is clean Greek.
Standing: Maintains the text in force
Cannot be cited for: **It is not a government publisher.** It is the Bar Association's service, it carries no statement of authority, it states no cut-off date for any consolidation, and nothing on it has legal force - the authentic text is the printed Official Gazette, as the Office of the Law Commissioner's own editions say. It must therefore never be the only source behind a topic: every Cyprus record that quotes it also carries a government source. It cannot be cited as proof that a provision is in force, only as the best available reading of what it now says, and a figure taken from it that contradicts a government publication has to be reported as a contradiction rather than resolved in its favour. It is worth noting who relies on it anyway: the Health Insurance Organisation, a statutory body of the Republic, links its own readers here for the consolidated text of the General Healthcare System Laws.
We re-read it every 60 days. More about this source
«(2Α) Σε περίπτωση που, συνεπεία δικαστικής απόφασης, διενεργείται επανεξέταση διοικητικής πράξης επί αιτήματος πολιτογράφησης, που εκδόθηκε δυνάμει των διατάξεων του διαγραφέντος εδαφίου (2) του παρόντος άρθρου με τον περί Αρχείου Πληθυσμού (Τροποποιητικό) (Αρ. 2) Νόμο του 2025, για τους σκοπούς της επανεξέτασης εφαρμόζονται οι διατάξεις του εν λόγω εδαφίου (2) μόνο επί αιτήσεων που υποβλήθηκαν μέχρι τις 30.10.2020.»Our translation - not official
(2A) Where, in consequence of a judicial decision, an administrative act on a naturalisation request issued under the provisions of the deleted subsection (2) of this article by the Civil Registry (Amending) (No. 2) Law of 2025 is re-examined, the provisions of that subsection (2) apply for the purposes of the re-examination only to applications submitted up to 30.10.2020.
The saving, and the date it stops at.
Read it at the sourceAbout this source
The legal-information service of the Cyprus Bar Association at https://www.cylaw.org/, and in practice the only place a consolidated Cypriot statute can be read. Each Act has an address of the form /nomoi/enop/non-ind/<year>_<part>_<number>/full.html - the Income Tax Law 118(I)/2002 at /2002_1_118/full.html, the Civil Registry Law 141(I)/2002 at /2002_1_141/full.html, the General Healthcare System Law 89(I)/2001 at /2001_1_89/full.html, the Driving Licence Law 94(I)/2001 at /2001_1_94/full.html, the research-and-studies Law 7(I)/2019 at /2019_1_7/full.html, the payment accounts Law 64(I)/2017 at /2017_1_64/full.html. Every page opens with an Ιστορικό Τροποποιήσεων listing each amending Act in order, and each provision is followed by the Acts that made it, so the amendment chain is readable rather than inferred. The consolidations are materially more current than the state's own: the Income Tax Law here carries amendments to 67(I)/2026 where the Tax Department's PDF stops at 219(I)/2025. The pages are served in a non-Unicode encoding that a plain client renders as mojibake; the project's fetcher handles it and the stored text is clean Greek.
Standing: Maintains the text in force
Cannot be cited for: **It is not a government publisher.** It is the Bar Association's service, it carries no statement of authority, it states no cut-off date for any consolidation, and nothing on it has legal force - the authentic text is the printed Official Gazette, as the Office of the Law Commissioner's own editions say. It must therefore never be the only source behind a topic: every Cyprus record that quotes it also carries a government source. It cannot be cited as proof that a provision is in force, only as the best available reading of what it now says, and a figure taken from it that contradicts a government publication has to be reported as a contradiction rather than resolved in its favour. It is worth noting who relies on it anyway: the Health Insurance Organisation, a statutory body of the Republic, links its own readers here for the consolidated text of the General Healthcare System Laws.
We re-read it every 60 days. More about this source
Practical notes
The entire investor route is policy. Regulation 6(2) gives a discretion and names no amount, so the EUR 300,000, the four investment categories, the EUR 50,000 income and the multiplication for adult children can all be changed by the Department publishing a fifth revision, without any amendment to the Regulations or to Cap. 105.
The criteria say the permit is granted by the Deputy Minister of Migration and International Protection. Regulation 6(2) as the Office of the Law Commissioner prints it gives the power to the Minister, because that edition was printed in December 2017 and the Deputy Ministry did not then exist.
An investor permit is an immigration permit, so Regulation 6 applies to it in full: it lapses if the holder does not take up residence within a year, and it is lost by acquiring permanent residence abroad or by two years' absence.
Since the fourth revision the annual proof of income has gone and the clean criminal record is required every three years rather than annually, but the obligation to show the investment is maintained and to hold health insurance where the holder is no longer a beneficiary of the health system remains.
- administersImmigration Permits for Investors, Migration Department
Deputy Ministry of Migration and International Protection, Migration Department
About this source
The department that decides every residence application in Cyprus, publishing at https://www.gov.cy/mip-md/ in Greek and at /mip-md/en/ in English. Its pages are the operative text for routes the statute leaves open: the Category A to F criteria for an immigration permit, the fourth revision of the investor criteria in force since 2 May 2023, the single-permit employment page with its fees and its four-year ceiling, the students page, the family-members-of-Cypriots page, and the entry page. Each carries a Posted On date. The site answers a plain request through the extraction service; a direct fetch with a default user agent is refused with 403.
Standing: Applies the rule
Cannot be cited for: **It publishes policy and calls it criteria, and much of that policy has no instrument behind it.** The entire investor route rests on Regulation 6(2) of the Aliens and Immigration Regulations, a residual discretion that names no sum; the EUR 300,000, the four investment categories, the EUR 50,000 income and the multiplication for adult children are the Department's and can change by a fifth revision without anything being published in the Gazette. The same is true of the policy for third-country family members of Cypriot citizens and of the four-year ceiling on employment. Where it restates a statute it sometimes does not match it: its Category F page adds three conditions Regulation 5(f) does not contain - that the income come from abroad, that it allow a decent living, and that the holder not work - and reads the First Schedule's figures as Cyprus pounds, publishing EUR 9,568 and EUR 4,613 where the Office of the Law Commissioner's edition prints EUR 5,600 and 2,700. Its Category A capital of approximately EUR 430,000 does not match the EUR 341,720 in the Regulations either. It cannot be cited for the text of Cap. 105 or of the Regulations, nor for visas: it says itself that where an entry visa is not required the competent authority is the Ministry of Foreign Affairs.
We re-read it every 60 days. More about this source
- consolidatesΟι περί Αλλοδαπών και Μεταναστεύσεως Κανονισμοί του 1972 μέχρι 2013, Ενοποίηση στην Ελληνική
Γραφείο Επιτρόπου Νομοθεσίας (Office of the Law Commissioner) · consolidated to 2017
Known to be out of date. The edition is of December 2017 and the last regulation it carries is of 1 February 2013. It still names the Minister as the authority that grants immigration permits, where the Migration Department now names the Deputy Minister of Migration and International Protection.
About this source
The Republic's law revision office. It prints bound editions of Cypriot statutes - a Greek consolidation of a colonial-era Chapter, an English translation and consolidation of a modern Act - and gov.cy serves them as PDFs from https://www.gov.cy/media/sites/287/. The Aliens and Immigration Law (Cap. 105) is at .../2026/03/o-peri-allodapon-kai-metanasteyseos-nomos-kef-105.pdf, 549,910 characters, August 2024 edition, amendments to Law 111(I)/2024. Its Regulations and the Visa Regulations 2004 are in one volume at .../2026/03/oi-peri-allodapon-kai-metanasteyseos-kanonismoi-toy-1972-mechri-2013-kai-peri.pdf, December 2017 edition. The free-movement Law 7(I)/2007 is at .../2026/06/L_7_I_2007.pdf, May 2024 edition, amendments to Law 96(I)/2023, in English. The addresses are stable and answer a plain request; no proxy, no warm-up, no session.
Standing: Maintains the text in force
Cannot be cited for: **Each edition says on its own first page that it is not a consolidation.** The Greek Cap. 105 edition prints, in terms, that it does not constitute a consolidation in the proper sense of the term because the sections were not renumbered and the House of Representatives never approved it, that it is issued for practical convenience without replacing the text of the laws consolidated, and that only the texts published in the printed Official Gazette of the Republic are authentic. The English Law 7(I)/2007 edition says the same and adds that it is a translation. So nothing here may be cited as the authentic text of anything, and the date on the title page is a cut-off rather than a statement about the law today - the Regulations edition is nine years old and the last regulation it carries is of 1 February 2013, which is why it still names the Minister where the Migration Department now names the Deputy Minister of Migration and International Protection. Two mechanical limits matter. The PDFs are set in two columns with the amending Act printed as a marginal note, and the project's extraction preserves the physical page, so a marginal reference lands inside the sentence it annotates: a quotation that crosses one cannot be taken whole, and several quotations in the Cyprus records stop short of the end of a subsection for that reason. The English edition's text layer is itself a recognition - it prints the amending Acts as 7(1) of 2007 and 8(0) of 2013, reading the Roman numeral I as a digit - so a citation copied from it has to be checked against the Act number rather than trusted. It consolidates only what it has published: there is no edition here of the Income Tax Law, the Civil Registry Law, the General Healthcare System Law, the Driving Licence Law or the payment accounts Law, and for those the only consolidated text is the Bar Association's.
We re-read it every 120 days. More about this source
- consolidatesΟ Περί Αρχείου Πληθυσμού Νόμος του 2002 (141(I)/2002), ενοποιημένο κείμενο
CyLaw, Παγκύπριος Δικηγορικός Σύλλογος (Cyprus Bar Association)
About this source
The legal-information service of the Cyprus Bar Association at https://www.cylaw.org/, and in practice the only place a consolidated Cypriot statute can be read. Each Act has an address of the form /nomoi/enop/non-ind/<year>_<part>_<number>/full.html - the Income Tax Law 118(I)/2002 at /2002_1_118/full.html, the Civil Registry Law 141(I)/2002 at /2002_1_141/full.html, the General Healthcare System Law 89(I)/2001 at /2001_1_89/full.html, the Driving Licence Law 94(I)/2001 at /2001_1_94/full.html, the research-and-studies Law 7(I)/2019 at /2019_1_7/full.html, the payment accounts Law 64(I)/2017 at /2017_1_64/full.html. Every page opens with an Ιστορικό Τροποποιήσεων listing each amending Act in order, and each provision is followed by the Acts that made it, so the amendment chain is readable rather than inferred. The consolidations are materially more current than the state's own: the Income Tax Law here carries amendments to 67(I)/2026 where the Tax Department's PDF stops at 219(I)/2025. The pages are served in a non-Unicode encoding that a plain client renders as mojibake; the project's fetcher handles it and the stored text is clean Greek.
Standing: Maintains the text in force
Cannot be cited for: **It is not a government publisher.** It is the Bar Association's service, it carries no statement of authority, it states no cut-off date for any consolidation, and nothing on it has legal force - the authentic text is the printed Official Gazette, as the Office of the Law Commissioner's own editions say. It must therefore never be the only source behind a topic: every Cyprus record that quotes it also carries a government source. It cannot be cited as proof that a provision is in force, only as the best available reading of what it now says, and a figure taken from it that contradicts a government publication has to be reported as a contradiction rather than resolved in its favour. It is worth noting who relies on it anyway: the Health Insurance Organisation, a statutory body of the Republic, links its own readers here for the consolidated text of the General Healthcare System Laws.
We re-read it every 60 days. More about this source