Buying property in Cyprus opens a fast-track route to permanent residency for non-EU investors. The Cyprus Permanent Residency Program ties your residency outcome to a qualifying property or financial investment, subject to approval by the competent authorities.
At One Eleven, we work with buyers who want both: a sound real estate decision and a residency outcome. We focus on the property side, identifying opportunities that may qualify and guiding you through them, alongside your legal and tax advisors.
Beyond the legal route, Cyprus is what investors buy into. An EU member state with a Mediterranean climate, a safe family environment, and a tax framework with no inheritance tax, subject to applicable rules.
A qualifying investment starts at €300,000 plus VAT. Eligible routes: new residential property from a developer, commercial real estate, Cyprus company shares, or regulated investment fund units.
The application can cover your spouse and children under 18. Unmarried children aged 18 to 25 studying abroad and financially dependent may also qualify under additional conditions.
Cyprus is part of the European Union and sits at the crossroads of Europe, the Middle East, and Asia, with a Mediterranean climate and a safe environment for families.
Permanent residence has no time limit. The residence permit card itself has an expiry date and is renewed on schedule, while your status continues as long as the programme conditions are maintained.
Cyprus offers more than a legal route in. As an EU member state in the eastern Mediterranean, it sits within easy reach of three continents and runs on European frameworks for property, finance, and travel. The climate is mild year-round, the country is regarded as a safe, family-friendly destination, and the tax framework is competitive, including no inheritance tax and a corporate regime built for international business, subject to the applicable rules.
The Cyprus Permanent Residency Program offers non-EU nationals a fast-track route to permanent residence through a qualifying investment. Under Regulation 6(2) of the Aliens and Immigration Regulations, the Minister of Interior may grant an Immigration Permit to applicants whose investment meets the programme requirements, subject to approval by the competent authorities.
Permanent residence is not automatic. You need to meet all current criteria, pass the required checks, and receive formal acceptance of your application.
A qualifying investment starts at €300,000, plus VAT where applicable. Approved routes include:
Funds must be traceable and transferred to Cyprus from abroad in line with the programme rules.
Applicants need to show secure annual income of at least:
Where the investment is residential property bought as a first sale from a developer, the required income must come from abroad. For the other eligible routes, income from activities in Cyprus may be accepted in whole or in part, in line with the official criteria.
The application may extend to:
Parents and parents-in-law are not eligible as dependents under this programme.
Permanent residents may own businesses or participate in them, and they can take permitted roles such as company directorships, subject to the programme conditions. Salaried employment in Cyprus is not permitted unless the official criteria specifically allow it.
Permanent residence stays valid as long as the programme conditions are maintained. A few rules to know:
Cyprus is not currently part of the Schengen Area. The government has stated its intention to join, with technical work expected around 2025 and a target of 2026. Accession depends on completing EU procedures and unanimous approval from existing member states. Visa-free travel inside Schengen is a possible future benefit, not a current feature of Cyprus permanent residence.
Official criteria available on the Ministry of Interior portal.
A qualifying investment starts at €300,000, plus VAT where applicable. The investment can be made in new residential property purchased as a first sale from a developer, commercial real estate, share capital in a Cyprus company with at least five employees, or units in regulated Cyprus investment funds (AIF, AIFLNP, or RAIF).
You can own and run businesses, and take permitted roles such as company directorships, subject to the programme conditions. Salaried employment in Cyprus is not permitted unless the official criteria specifically allow it.
Indefinitely, as long as you keep the qualifying investment in place and meet the programme’s ongoing conditions. The residence card itself has an expiry date and is renewed on schedule. The permit can be invalidated if you acquire permanent residence elsewhere or stay outside Cyprus for two years.
You need to show secure annual income of at least €50,000, plus €15,000 for a spouse and €10,000 for each dependent minor child. For the residential property route, the required income must come from abroad. For the other routes, income from activities in Cyprus may count, in line with the official criteria.
Whether your goal is residency in Cyprus or securing the right investment property, we provide tailored guidance throughout the entire journey.
