Indian high-net-worth individuals eyeing permanent residency in Cyprus have been hit by a sharp, currency-driven cost increase. The Economic Times calculates that the minimum €300,000 property investment required for the Cyprus Permanent Residency Programme—popularly dubbed a "golden visa"—now costs about ₹3.17 crore, up from ₹2.66 crore at the start of 2025, purely because the rupee has weakened against the euro by nearly 20 % (m.economictimes.com).
Unlike Greece and Malta, which both raised their statutory investment thresholds last year, Cyprus has left the €300,000 floor unchanged. Nevertheless, exchange-rate movements mean Indian applicants must now budget an additional ₹51 lakh just to stand still. Lawyers in Mumbai and Delhi report a flurry of inquiries from clients hoping to lock in euro-denominated real-estate options before further depreciation.
For corporate mobility teams, the volatility has direct implications for senior-executive relocation packages. Some firms that sponsor golden visas as part of expatriation benefits are introducing FX hedging clauses or offering euro-linked allowances to insulate employees from rupee weakness.
![Rupee Slide Adds ₹51 Lakh to Price of Cyprus Golden Visa for Indian Investors]()
Navigating these shifting rules and documentation requirements can be daunting. VisaHQ—a global visa and passport facilitation platform—offers real-time cost calculators, tailored document checklists, and end-to-end application support for the Cyprus Permanent Residency Programme. Indian investors can review the latest requirements and start their applications at https://www.visahq.com/cyprus/.
Citizenship-by-investment critics argue that the currency swing exposes the fragility of residency-for-sale models. Yet Cypriot developers insist demand from India remains robust, citing the programme’s streamlined 2-month processing time and the prospect of Schengen-area travel once Cyprus completes accession (expected in 2026).
Prospective investors are advised to pay reservation deposits in euros, consider mortgage financing from Cypriot banks to create a natural currency hedge and monitor parliamentary debates in Nicosia, where stricter due-diligence amendments are expected later this year.
Unlike Greece and Malta, which both raised their statutory investment thresholds last year, Cyprus has left the €300,000 floor unchanged. Nevertheless, exchange-rate movements mean Indian applicants must now budget an additional ₹51 lakh just to stand still. Lawyers in Mumbai and Delhi report a flurry of inquiries from clients hoping to lock in euro-denominated real-estate options before further depreciation.
For corporate mobility teams, the volatility has direct implications for senior-executive relocation packages. Some firms that sponsor golden visas as part of expatriation benefits are introducing FX hedging clauses or offering euro-linked allowances to insulate employees from rupee weakness.
Navigating these shifting rules and documentation requirements can be daunting. VisaHQ—a global visa and passport facilitation platform—offers real-time cost calculators, tailored document checklists, and end-to-end application support for the Cyprus Permanent Residency Programme. Indian investors can review the latest requirements and start their applications at https://www.visahq.com/cyprus/.
Citizenship-by-investment critics argue that the currency swing exposes the fragility of residency-for-sale models. Yet Cypriot developers insist demand from India remains robust, citing the programme’s streamlined 2-month processing time and the prospect of Schengen-area travel once Cyprus completes accession (expected in 2026).
Prospective investors are advised to pay reservation deposits in euros, consider mortgage financing from Cypriot banks to create a natural currency hedge and monitor parliamentary debates in Nicosia, where stricter due-diligence amendments are expected later this year.
