Buying a new home for permanent residence in Cyprus

Background

Mr Feng, a retired professor from Taichung, applied with his wife. He wanted EU permanent residence where he could spend his retirement.

Main concern

He didn’t want to go through repeated renewals.

Our approach

He chose a EUR 300,000 new-build home, and we organised proof of stable foreign income and the transfer records.

Process and outcome

He received permanent residence in about 4 months, with no renewals needed.

Adviser’s comment

Cyprus grants permanent residence directly — ideal for retirees who value a stable status.

Cyprus Permanent Residency application process

1. Assessment and property search (1–2 months): We shortlist qualifying new-build developments.
2. Purchase (1–2 months): Sign the sale contract and make the payments.
3. Application (Per scheduling): Submit the permanent residence application and supporting documents.
4. Permanent residence (Usually about 2–6 months): Once approved, receive your permanent residence permit.

Is this right for you?

Every family’s background and timeline is different. To find out whether a similar plan could work for you, book a free consultation with Global Immigrate.

Based on a real client’s experience; names and some details have been changed for privacy.

Learn more: Cyprus Permanent Residency