Short answer: Cyprus permanent residence is commonly obtained by buying a new home of about EUR 300,000 (plus VAT) and proving stable foreign income. Status is permanent residence, often maintained with about one entry every two years. Cyprus is an EU member but not in Schengen.
Information current as of October 2026.
What is the new-home threshold?
About EUR 300,000 plus VAT. Whether resales qualify follows current migration rules—marketing claims of “any resale” are often inaccurate.
| Item | Detail |
|---|---|
| Property | New home about EUR 300,000 + VAT |
| Status | Permanent residence |
| Maintenance | Often a visit every two years |
| Income | Stable foreign income proof |
| Family | Spouse and dependent children typically included |
What does non-Schengen mean?
Travel to Schengen states may still need a visa or another passport/residence. If visa-free continental Europe is the main goal, compare Greece or Portugal rather than assuming Cyprus PR equals Schengen free movement.
How does it compare with Malta MPRP?
Malta MPRP can include parents and grandparents, allows buy or rent, and is in Schengen. Cyprus attracts applicants who want a clear new-home floor and low maintenance frequency. See Cyprus permanent residence.
What about income proof?
Stable foreign income and lawful funds are usually required. Patchwork statements trigger RFEs—complete the income file before signing.
Global Immigrate note
Confirm “new home” eligibility and developer delivery risk. Budget VAT, legal fees, furnishing and vacancy. If you need high-frequency Schengen travel, plan a second status or visa strategy.
This article is general information, not legal or tax advice.