New residential property
€300,000
One or two new homes bought from the same developer, totalling at least €300,000 plus VAT.
Overview
Cyprus grants a permanent residence permit with no expiry date to investors who buy qualifying property or invest in Cypriot companies or funds. It is a popular base for families and entrepreneurs, with English widely spoken.
Cyprus is an EU member but is not part of the Schengen Area, so the permit does not give visa-free Schengen travel.
Investment options
Choose your route
Commercial property
€300,000
Offices, shops or hotels, or a combination, totalling at least €300,000 plus VAT. Resale property can qualify.
Company shares
€300,000
Share capital of a Cyprus company with a physical presence and at least five employees in Cyprus.
Investment fund
€300,000
Units in a Cyprus collective investment fund.
Costs
What to budget for
Also budget for
- Government and application feesSet by the government; they rise with each family member included.
- Due diligenceBackground checks, charged for each adult applicant.
- Professional and legal feesFor preparing and filing your application.
- Ongoing costsSuch as health insurance, property upkeep or renewals.
Costs depend on who is included. We give you the exact figure for your family in writing after a free consultation.
Benefits
What you gain
Permit with no expiry date
Family included
Visit only once every 2 years
Favourable tax regime for new residents
English widely spoken
Travel reach
Where this takes you
Visa-free travel within the programme's region
Family
Who can come with you
Main applicantEligible
Spouse or partnerEligible
ChildrenEligible
ParentsNot included
GrandparentsNot included
SiblingsNot included
Spouse and children under 18; unmarried dependent children aged 18 to 25 in full-time study can qualify under extra conditions
Process
How the application works
Week 1
Free consultation
We confirm the route and income requirement.
Weeks 2–8
Investment
Purchase or investment, with legal checks before you commit.
Month 2
Application
Filed with the Civil Registry and Migration Department.
About 2–4 months
Permit issued
Permanent residence for the family.
Requirements
What you need to apply
Secure annual income of at least €50,000, plus €15,000 for a spouse and €10,000 for each child. On the residential property route it must come from outside Cyprus.
Clean criminal record
Health insurance
Investment kept to maintain the permit
Things to know before you apply
- —Cyprus is outside the Schengen Area: this permit does not give visa-free Schengen travel.
- —Holding the permit does not lead to citizenship on its own; naturalisation requires years of actual residence and Greek at B1.
- —On 24 September 2026 the Deputy Minister of Migration told parliament that this programme will be tightened before Cyprus joins the Schengen Area, and that existing permits are being reviewed. No new rules had been published when this page was reviewed, so the criteria may change.
Ask about this programme
Ask anything about Cyprus Permanent Residence
Try one of these, or write your own question.
FAQs
Questions, answered
Speak to an adviser about Cyprus Permanent Residence
A free 30-minute call to confirm the route, costs and timeline for your family.
Book a consultationLast reviewed 5 Oct 2026. Figures are indicative and exclude fees unless stated. Programme rules change; we confirm current terms in writing before you commit.