ADDITIONAL INFO : It is also possible to obtain permanent residency with the same requirements as above without applying as fast track procedure. The non-fast-track procedure takes 9 to 12 months to be approved. This is not guaranteed like the fast track, however if the client can fulfil the requirements needed then the chances of being declined are very small. The client should purchase a property with a value of approximately €150,000 in order to improve the success of approval.
SOURCE: CIPA (Cyprus investment promotion agency)