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European investment residence
Cyprus Permanent Residency
Buy a new-build home and show a stable income to obtain permanent residence in an EU member state directly.
Reviewed by Oscar Yip · Updated October 2026
Policy watch: on 24 September 2026 the Cyprus government announced it will tighten the investment permanent residency scheme before joining Schengen; details have not yet been published. The current rules still apply for now — subject to the latest official announcements.
Programme overview
Cyprus’s investment permanent residency programme lets non-EU nationals obtain a permanent residence permit directly by buying a new-build home, with no temporary residence first. Applicants must show a stable annual income from abroad.
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InvestmentEUR 300,000 (plus VAT)
StatusPermanent residence directly
Stay requirementVisit at least once every two years
FamilySpouse and dependent children
Summary
Cyprus permanent residency requires a new-build home worth at least EUR 300,000 (plus VAT), bought from a developer, with the full EUR 300,000 (excluding VAT) paid before applying from funds transferred from abroad. You must also show 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).
Key benefits of Cyprus Permanent Residency
- Permanent residence in one stepYou receive a permanent permit directly, with no temporary stage and no periodic re-application.
- One visit every two yearsVisit Cyprus at least once every two years to keep your status; no need to relocate.
- Relatively quick processingOnce the file is complete, processing generally takes about two to six months.
- Spouse and children includedYour spouse and children under 18 can be included; dependent children aged 18–25 studying abroad can apply in their own right.
- EU member, English widely spokenCyprus is an EU member state where English is widely used and the legal system is based on English common law.
- No automatic tax residencePR alone does not make you tax resident; if you later become tax resident but non-domiciled, dividends and interest are generally exempt from defence contribution.
Why Global Immigrate for Cyprus Permanent Residency
- families approved
- 10+
- approval rate
- 100%
- offering this programme since
- 2019
GI Group overseas property team
GI Group’s overseas property team helps you find, negotiate and buy — and later manage lettings.
Clear, transparent fees
All service fees and third-party costs are set out in writing before you sign — no hidden charges — and our refund terms are explained clearly.
Planning beyond immigration
GI Group’s teams can handle pre-immigration tax, asset allocation, your children’s education and overseas property at the same time, so the arrangements never conflict.
Requirements
Investment options
Choose one of the following options; the other requirements are listed below.
- Option 1EUR 300,000New-build home
- Plus VAT
- Option 2EUR 300,000Commercial property
- Office, shop or hotel; may be resale
- Option 3EUR 300,000Share capital in a Cypriot company
- The company must employ at least 5 people
- Option 4EUR 300,000Cypriot collective investment fund
Applicants generally need to meet the following:
- 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
- The full EUR 300,000 (excluding VAT) paid before applying, from funds transferred from abroad
- No criminal record, and a visit to Cyprus at least once every two years
Our three guarantees
Full service-fee refund if refused
Guaranteed in your service agreement: if your application is refused, we refund the service fees you have paid in full — or you can switch to another suitable programme at no extra charge.
No extra charge for further documents or resubmission
If the authorities request further documents, or an application must be resubmitted, we handle it at no additional service fee.
Handled by professionals, fee fixed at signing
Every application is prepared and reviewed by our professional immigration team. Your service fee is fixed when you sign, with no additional charges afterwards.
Service fees exclude investment amounts, government fees and third-party costs. Refusals caused by false or incomplete information, or by the applicant not cooperating as required, are not eligible for a refund. Full terms are set out in the service agreement.
Free Cyprus Permanent Residency brochure
Covers the requirements, process and timeline, a fee overview and FAQs. Leave your details and we’ll send it to you.
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If you can’t see it, please check your spam folder. A consultant may also contact you to answer any questions about the programme.
Application process
- Assessment and property search1–2 monthsWe shortlist qualifying new-build developments.
- Purchase1–2 monthsSign the sale contract and make the payments.
- ApplicationPer schedulingSubmit the permanent residence application and supporting documents.
- Permanent residenceUsually about 2–6 monthsOnce approved, receive your permanent residence permit.
Pathway to PR and citizenship
- Permanent residenceUsually about 2–6 months
Cyprus permanent residence for you, your spouse and children under 18 directly, with no renewals; a child’s permit generally ends at 18, and dependent children aged 18–25 studying abroad can apply separately.
Keeping permanent statusVisit Cyprus at least once every two years; keep the investment (with annual proof), keep health insurance (unless covered by GESY) and provide a clean criminal record certificate every three years
- Cypriot citizenshipAfter about 8 years of lawful residence in total
PR does not lead directly to citizenship; you apply separately by naturalisation for an EU passport. You need Greek at B1 and basic knowledge of Cypriot political and social life, plus good character, suitable housing, stable means and the intention to live in Cyprus permanently.
Residence for citizenshipThe 12 months before applying in Cyprus continuously (no more than 90 days away in total), plus at least 7 years in total in the 10 years before that
General information only; requirements follow each country’s latest rules and can vary with your circumstances.
Cyprus Permanent Residency client stories
Client storyDirect permanent residence with no renewals, and the family chooses Cyprus
Mr Chu’s Cyprus Permanent Residency experience. He wanted a stable EU residence status.
Read the full storyClient storyChecking the developer and property, and buying in Cyprus with confidenceMs Shum’s Cyprus Permanent Residency experience. She wanted EU permanent residence.
Read the full storyClient storyBuying a new home for permanent residence in CyprusMr Feng’s Cyprus Permanent Residency experience. He wanted EU permanent residence where he could spend his retirement.
Read the full storyCompared with other options: Europe & Latin America Residency
See the Europe & Latin America Residency overview| Programme | Investment | Status | Typical timeline | Best for |
|---|---|---|---|---|
| Portugal Golden Visa (Fund Investment) | EUR 500,000 (qualifying fund) | Residence; permanent residence after five years | Usually about 1.5–3 years | EU residence without relocating |
| Greece Golden Visa | From EUR 250,000 (by area) | Five-year residence, renewable; PR after 5 years living there | Depends on processing | Schengen residence through property |
| Cyprus Permanent ResidencyThis programme | EUR 300,000 (new-build home) | Permanent residence | Usually about 2–6 months | Permanent residence in an EU country directly |
| Malta Permanent Residence Programme (MPRP) | Buy from EUR 375,000 or rent, plus government fees of EUR 99,000 | Permanent residence | Depends on due diligence | Three generations wanting EU permanent residence |
| Panama Qualified Investor Permanent Residency | New-build property from USD 300,000 | Permanent residence | Statutory processing about 15 + 30 working days | Permanent residence in the Americas through US-dollar assets |
| Paraguay Investor Permanent Residency | From USD 70,000 (real estate USD 200,000) | Permanent residence | Generally about 3–4 months | A lower-cost permanent residence in South America |
Cyprus Permanent Residency FAQ
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.
Can I work?
Permanent residence itself does not include the right to take up employment in Cyprus, but you can hold company shares, act as a director and receive dividends.
When can I apply for citizenship?
Cyprus has ended citizenship by investment; naturalisation generally requires about seven years of lawful residence and Greek language ability (B1).
Sources
GI GroupAfter your new status: tax, succession, education and overseas property
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