Short answer: Cyprus PR grants permanent residence directly with a new home from EUR 300,000 (plus VAT). A visit every two years is generally enough to keep it — suited to families wanting EU PR at a moderate investment without long-term residence.
Basic requirements
| Item | Detail |
|---|---|
| Investment | New home EUR 300,000 (plus VAT) |
| Other proof | Stable overseas income (often around EUR 30,000+ a year, depending on family size) |
| Status | Permanent residence |
| Stay requirement | Generally a visit every two years |
| Family | Spouse and dependent children |
| Processing | About 2–6 months |
Compared with other European programmes
| Cyprus PR | Greece Golden Visa | Malta PR | |
|---|---|---|---|
| Minimum investment | New home EUR 300,000 + VAT | From EUR 250,000 (conversion/restoration) | Buy EUR 375,000 or rent + government fees |
| Status | Direct permanent residence | Five-year renewable residence | Direct permanent residence |
| Schengen | No (EU but not Schengen) | Yes | Yes |
| Stay requirement | Visit every two years | None | None |
Who it suits
- Wanting EU permanent residence directly
- Budget around EUR 300,000 and able to accept VAT
- Not planning long-term residence in Europe, only a back-up status
- Accepting that Cyprus is not in the Schengen Area
Points to note
- Must buy a new home; second-hand property generally doesn’t qualify.
- VAT is extra, so total cost exceeds the list price.
- Stable overseas income must be shown; the amount depends on family size.
- Cyprus is in the EU but not Schengen — its residence is not Schengen residence.
See Cyprus PR.