Short answer: Cyprus PR is obtained by buying a new home of EUR 300,000 (plus VAT). A visit every two years is generally enough to keep it. It suits those who want direct EU permanent residence at a relatively low threshold and do not necessarily need Schengen travel.
Key requirements
| Item | Requirement |
|---|---|
| Investment | New home EUR 300,000 (plus VAT) |
| Status | Permanent residence |
| Stay | Generally a visit every two years |
| Income | Proof of stable foreign income |
| Family | Spouse and dependent children |
Important: not in Schengen
Cyprus is in the EU but not in the Schengen Area. Its PR does not give free movement or long-term stays in other Schengen countries — unlike residence in Portugal, Greece or Malta.
Compared with other programmes
- Malta PR: buy or rent, can include parents and grandparents, inside Schengen.
- Greece Golden Visa: can be lower threshold, no stay requirement, but five-year residence not permanent.
- Portugal: fund route, low stay requirement, PR after five years.
Who it suits
Families with a budget around the EUR 300,000 level who want direct permanent residence and can accept the non-Schengen limitation.