HomeNews MenuLatest News & UpdatesCyprus residence permits statistics

Cyprus residence permits statistics

Cyprus residence permits statisticsIN 2016, about 3.4 million first residence permits were issued in the European Union (EU) to non-EU citizens, a record number since comparable data are available (2008) and up by 28% (or nearly 735,000 residence permits) compared with 2015.

This increase was mainly due to the larger number of first permits issued for ‘other reasons’ (+64%) as well as for employment reasons (+21%). Employment reasons accounted for a quarter (25.4%) of all first residence permits issued in the EU in 2016, family for 23.2% and education for 20.7%, while other reasons, including international protection and humanitarian status (about 14% of all first permits issued in 2016), represented 30.7%.

In 2016, one out of four first permits was issued in the United Kingdom (865,900 residence permits issued, or 25.8% of total permits issued in the EU). It was followed by Poland (586 000, or 17.5%), Germany (504,800, or 15.0%), France (235,000, or 7.0%), Italy (222,400, or 6.6%), Spain (211,500, or 6.3%) and Sweden (146,700, or 4.4%).

Compared to the population of each Member State, the highest rates of first resident permits issued in 2016 were recorded in Malta (20.6 first residence permits issued per thousand inhabitants), Cyprus (19.9), Poland (15.4) Sweden (14.8) and the United Kingdom (13.2). For the EU as a whole in 2016, 6.5 first residence permits were issued per thousand inhabitants.

Cyprus residence permits

Of the 16,970 residence permits issued in Cyprus, 2,332 (13.7%) were issues for family reasons, 3,313 (19.5%) were issued for education reasons, 7,385 (43.5%) were issued for employment reasons and the remaining 3,940 (23.2%) were issued for other reasons.

The three main citizenships to be granted resident permits in Cyprus were Indians 3,072, Russians 2,377 and Syrians 1,796.

Further reading

Eurostat newsrelease Residence permits for non-EU citizens 174/2017

RELATED ARTICLES

Essential Due Diligence

While buying property in Cyprus holds many opportunities, it also comes with risks. Carrying out due diligence before signing a sale agreement is essential to safeguard your investment, avoid legal complications, and ensure peace of mind.

Top Stories

Property Transfer Fees

Transfer fees are charged by the Department of Lands and Surveys (DLS) when the full legal ownership of a property is transferred to the purchaser. (In some cases this process can take many years, causing angst & frustration for buyers.)

EUR - Euro Member Countries
GBP
1.1676
RUB
0.0103
CNY
0.1292
CHF
1.0580

Capital Gains Tax

Capital Gains Tax (CGT) is generally 20% on the taxable gain from selling immovable property - and it can also apply to certain disposals of shares in companies holding real estate on the island, subject to applicable exemptions and deductions.

Elsewhere in Cyprus Property News