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.
Eligibility
- ■Non-EU nationals only
- ■Clean criminal record required
- ■Proof of stable income from abroad (€30,000+/year, plus €5,000 per dependent)
- ■Purchase must be a new property — first sale from the developer
- ■Applicant must not have been previously rejected by Cyprus authorities
Investment Requirements
- ■Minimum €300,000 (+ VAT) in qualifying residential or commercial property
- ■Full purchase price must be paid — a mortgage does not qualify
- ■Property must be retained and not sold to maintain residency status
- ■Can be a single property or a combination of properties reaching the threshold
- ■Developer must be VAT-registered in Cyprus
Timeline
- ■Application submitted after property purchase is completed
- ■Civil Registry and Migration Department review: 3–6 months
- ■Biometrics collected in Cyprus during the process
- ■PR card issued and valid indefinitely — no expiry or renewal required
- ■No minimum stay in Cyprus required to maintain the residency
Key Benefits
- ■Right to live, work, and study in Cyprus
- ■Access to Cyprus's favourable non-dom tax regime and 60-day tax residency rule
- ■No inheritance tax in Cyprus
- ■Spouse and dependent minor children are included in the same application
- ■PR is valid indefinitely, provided the qualifying property is retained
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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