Legal Guide

Permanent Residency in Cyprus Through Property Investment

Cyprus offers one of Europe's most straightforward pathways to residency for property investors. Here's what you need to know.

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Eligibility

✓Non-EU nationals
✓Clean criminal record
✓Proof of stable income from abroad (€30,000+/year)
✓Purchase must be for new property (first sale from developer)
✓Applicant must not have been previously rejected

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Investment Requirements

✓Minimum €300,000 (+ VAT) in qualifying property
✓Must be a new residential or commercial property
✓Full purchase price must be paid — mortgage does not qualify
✓Property must be retained (not sold) to maintain residency
✓Can be a single property or combination reaching the threshold

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Timeline

✓Application submitted after property purchase
✓Civil Registry review: 3–6 months
✓Biometrics collected in Cyprus
✓PR card issued and valid indefinitely
✓Does not require minimum stay in Cyprus

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Key Benefits

✓Live, work, and study in Cyprus
✓Travel throughout Europe (varies by Schengen status)
✓Access to Cyprus's favourable non-dom tax regime
✓60-day rule for Cyprus tax residency
✓No inheritance tax in Cyprus
✓Entire family included (spouse and minor children)

Important: Residency requirements and regulations can change. Always consult a licensed Cyprus immigration lawyer before proceeding. The information above is for general guidance only and does not constitute legal advice.

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