Cyprus, with its sun-soaked beaches, rich history, and strategic location, has long been a favorite for expats, retirees, and investors alike. One of the most attractive aspects of this Mediterranean gem is its permanent residency program through property investment—an efficient pathway to securing a European foothold.
In this guide, we’ll walk you through everything you need to know about gaining Permanent Residency in Cyprus through property ownership.
Why Cyprus?
Before diving into the specifics, let’s look at why Cyprus is such an attractive option:
EU Membership: Cyprus is a full member of the European Union, offering residents visa-free access to the Schengen Zone (once Cyprus fully joins it).
High Quality of Life: Excellent healthcare, low crime rates, and a relaxed Mediterranean lifestyle.
Tax-Friendly: Competitive tax incentives for non-domiciled residents and investors.
English Widely Spoken: Making integration easier for expats.
What is the Cyprus Permanent Residency Program?
Cyprus offers a fast-track permanent residency program under Regulation 6(2), specifically tailored to individuals investing in real estate. This residency is granted to non-EU nationals and extends to their immediate family members.
Key Requirements
To qualify for permanent residency through property investment, here’s what you’ll need:
1. Real Estate Investment
Minimum investment of €300,000 (plus VAT) in a new residential property from a developer.
The property must be brand-new (not a resale) and paid from funds sourced outside of Cyprus.
2. Proof of Income
You must demonstrate a secure annual income of at least €50,000, plus:
€15,000 for a spouse.
€10,000 per dependent child.
Income must come from abroad and be consistent and reliable.
3. Clean Criminal Record
A certificate of a clean criminal record from your country of origin is mandatory.
4. Visit to Cyprus
You are required to visit Cyprus at least once every two years to maintain residency status.
Who Can Be Included?
The Cyprus PR program allows you to include:
Your spouse.
Children up to 18 years of age.
Unmarried children up to 25 years (if financially dependent and studying).
Parents of both the main applicant and spouse.
Application Process
The application process is relatively streamlined:
Select and purchase your property (ensure it’s eligible under the PR program).
Prepare documentation including proof of income, clean criminal record, passport copies, and title deed or contract of sale.
Submit the application to the Civil Registry and Migration Department.
Approval usually takes 2–4 months under the fast-track procedure.
Benefits of Permanent Residency in Cyprus
No language tests or physical residency requirements (apart from visiting every two years).
Lifetime validity — Permanent Residency doesn’t expire as long as you meet the conditions.
Path to citizenship — Though not automatic, PR holders may become eligible for Cypriot citizenship after several years of residency.
Family security — Entire family can live, study, and access healthcare in Cyprus.
Things to Keep in Mind
The property must be retained to maintain your residency status.
You cannot work in Cyprus under this PR (though you can own a business or receive dividends).
Additional investment options (commercial properties, companies) may apply under different residency routes, but the fast-track is limited to new residential properties.
Final Thoughts
Whether you’re planning a future retirement, seeking a second home, or want a Plan B in Europe, Cyprus offers a compelling residency-by-investment pathway. With an efficient legal system, beautiful lifestyle, and welcoming environment, it’s no surprise more global investors are turning to Cyprus as their long-term base.
If you’re considering permanent residency through property investment in Cyprus, make sure to consult with a local real estate expert and immigration lawyer to ensure a smooth, compliant process.
Ready to start your journey to Cyprus?
Feel free to reach out — we can help you find the perfect property and guide you every step of the way.
