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Cyprus Permanent Residency by Property Investment

Non-EU buyers often ask whether a property purchase can lead to residency in Cyprus. Here is how the route generally works and what to confirm with an immigration lawyer.

What this route is, and what it is not

Permanent residency by investment lets a non-EU national and their family live in Cyprus without a time limit on the permit. It is not citizenship and it does not give an EU passport. The old citizenship-by-investment programme closed in 2020.

Typical requirements

  • Buying a new residential property from a developer, usually at a minimum value of €300,000 plus VAT. Properties bought on the resale market do not normally qualify.
  • Proof of a stable annual income from abroad above a minimum threshold, with small increases for dependants.
  • A fixed-term bank deposit in Cyprus, held for a minimum period.
  • A clean criminal record, health insurance and no intention to work in Cyprus as an employee.
  • Family members such as a spouse and children can usually be included.

Thresholds, deposit amounts and eligibility rules are set by the Cyprus authorities and change. Confirm the current figures with an immigration lawyer before choosing a property.

How we help

We show you new-build listings that fit the price threshold, explain the sale process, and work alongside your lawyer so that the property, contract and timeline suit the residency application.

Tax and lifestyle

Cyprus has no inheritance tax, and residents who qualify as non-domiciled can benefit from special tax treatment of dividends and interest for a number of years. Tax residency is a separate question from the residence permit, so take tax advice.

Listings

Frequently asked questions

Does buying a property give me a Cyprus passport?

No. This route leads to permanent residency, not citizenship.

Can I rent out the property while holding residency?

Generally yes. Rental income is taxable, so plan this with your accountant.

Does a resale property qualify?

Normally no. The programme is built around a first sale from the developer, so check eligibility before you reserve.

Do I have to live in Cyprus?

Permanent residents are expected to visit periodically to keep the status. Confirm the current rule with your immigration lawyer.

Related guides

This page is general information for international and resident buyers, not legal, tax or immigration advice. Rules, thresholds and fees change, so confirm current details with an independent Cyprus lawyer before you commit.