The investment route
Non-EU citizens can apply for fast-track permanent residence under Regulation 6(2) of the Aliens and Immigration Regulations. The best-known route is buying new residential property from a developer for at least €300,000 plus VAT.
- The €300,000, excluding VAT, must actually be paid to the seller's Cyprus bank account.
- The money must come from abroad; a Cyprus loan does not count.
- The sale contract must be deposited at the Land Registry.
Other qualifying investments of €300,000 include commercial property, a Cyprus company employing at least five people and a Cyprus investment fund.
Income and other conditions
| Secure income from abroad | Minimum |
|---|---|
| Applicant | €50,000 a year |
| Spouse | + €15,000 |
| Each child under 18 | + €10,000 |
| Each dependent student aged 18–25 | + €10,000 |
- A clean criminal record.
- Health insurance.
- You may not take employment in Cyprus.
- You must visit Cyprus at least once every two years to keep the permit.
Family and timing
The permit can include your spouse and children under 18, and dependent students aged 18 to 25. Since 2023, parents are no longer included. Applications cost €500, plus €70 for each registration certificate. The official target is about two months; in practice it often takes longer.
Travel and Schengen
Cyprus is not yet part of the Schengen area, and the permit does not give Schengen travel rights.
Changes under review
Questions
How much do I need to invest for Cyprus permanent residency?
At least €300,000 plus VAT in new residential property bought from a developer, paid from abroad, together with a secure annual income of at least €50,000.
Can my family be included?
Yes: your spouse, children under 18 and dependent students aged 18 to 25, each with additional income requirements. Parents are no longer included.
Does Cyprus permanent residency allow Schengen travel?
No. Cyprus is not yet in the Schengen area.
