Moving to Cyprus from the US

The page names no deposit and no age minimum. The fee is 500 euros for everyone on the application, plus 70 euros for each alien registration certificate. The Immigration Control Committee recommends and the Deputy Minister decides, applications are taken only at the Nicosia offices, and the page gives no decision time. The right of residence has no end date (the card is replaced every 10 years), but the permit lapses if you take up permanent residence abroad or are absent from Cyprus for two years, or if you do not settle within a year of approval. The investor route under Regulation 6(2), which the Department files under Permanent Residence and which carries the same right of residence with no end date, asks for a set minimum investment (to be safe, hold more than 310,000 euros, about $347,400 at the ECB rate of 15 October 2026) in a first-sale home from a developer, other real estate, shares in a Cypriot company with five employees, or fund units, with the money shown to have come from abroad. On top you need a secure income from abroad above a set minimum that rises with your family; on our own sum it runs about 50,000 to 75,000 euros a year, from one adult to a couple with one child, and to be safe you should have more than 76,000 euros a year (about $85,200 at the ECB rate of 15 October 2026) if all three of you come, shown by a tax return from the country where you are tax resident or by certificates from an independent certified accountant. The fee is 500 euros and the Department estimates about two months. Neither route lets you work in Cyprus, except as a director of the company you invest in.

Articles 17 and 18 say when a resident of one country can be taxed by the other on work done there, with 183-day tests; they matter for short stays, not once you are a Cypriot resident. Pensions and annuities are taxable only in the country where you live, but the same saving clause lets the US tax its citizens, and US Social Security payments are taxable only in the US. The 2026 exclusion limit is $132,900, and you cannot take a foreign tax credit on income you exclude. Foreign accounts above $10,000 in total at any time in the year are reportable on an FBAR.