Requirements
- A new home worth at least EUR 300,000 (plus VAT), sold by the developer for the first time
- At least EUR 200,000 paid before applying, with funds transferred from abroad
- A stable foreign income: EUR 50,000 for the main applicant, plus EUR 15,000 for a spouse and EUR 10,000 for each child
- No criminal record, and a visit at least once every two years
Advantages
- Permanent residence directly, with no renewals
- English widely spoken
- Approval usually in about two to six months
Note
- Permanent residence does not include the right to take up employment in Cyprus, but you can hold company shares and act as a director
- Cyprus has ended citizenship by investment; naturalisation generally requires eight years of actual residence
Cyprus Permanent Residency at a glance
| Item | Details |
|---|---|
| Investment | EUR 300,000 (plus VAT) |
| Status | Permanent residence directly |
| Stay requirement | Visit at least once every two years |
| Family | Spouse and dependent children |
Cyprus Permanent Residency application process and timing
- Assessment and property search (1–2 months): We shortlist qualifying new-build developments.
- Purchase (1–2 months): Sign the sale contract and make the payments.
- Application (Per scheduling): Submit the permanent residence application and supporting documents.
- Permanent residence (Usually about 2–6 months): Once approved, receive your permanent residence permit.
Main Cyprus Permanent Residency requirements
- A new-build home worth at least EUR 300,000 (plus VAT)
- A stable annual income from abroad: EUR 50,000 for the main applicant, plus EUR 15,000 for a spouse and EUR 10,000 for each child
- At least EUR 200,000 paid before applying, from funds transferred from abroad
- No criminal record, and a visit to Cyprus at least once every two years
Key benefits of Cyprus Permanent Residency
- Permanent residence directly, with no renewals
- Minimal stay requirements
- English widely spoken and everyday life convenient
- Include your spouse and children
More questions about Cyprus Permanent Residency
Does it have to be a new home? Yes. The property must be a new-build home sold by the developer for the first time.
Do I need to live in Cyprus? No need to relocate, but you generally need to visit at least once every two years to keep your status.
Next step
Every family’s background, funds and timeline are different. Global Immigrate’s professional consultants can assess, free of charge, whether this programme suits you and compare other options. You can also request the full programme brochure on the programme page.
Learn more: Cyprus Permanent Residency