Updated
GL-C-01
Glossary · Cyprus PR
Cyprus PR - Cyprus permanent residence
Cyprus permanent residence by investment is available for an investment in real estate from 300,000 euros.
01 / In 30 seconds
The short answer
- What it is
- Cyprus permanent residence by investment under a fast-track procedure
- For what
- An investment in real estate from €300,000
- Advantage
- Obtained quickly, a permanent status
- Keep in mind
- It is PR, not citizenship; Cyprus is not yet in Schengen
- Can you prepare
- Yes: choose a property and evidence your income
02 / In plain words
What Cyprus PR means
Cyprus permanent residence by investment is a permanent residence permit granted for an investment in real estate from €300,000. The conditions, timelines and requirements on family composition are checked for the specific situation.
The key advantages are speed and stability: the status is obtained relatively quickly and issued indefinitely (subject to the conditions), without requiring permanent residence on the island. Besides the real estate investment, a stable foreign income must be evidenced. Cyprus is attractive for its climate, English in the business environment and its status as an EU member.
It is important to understand the nuances: this is PR, not citizenship — no passport is issued under this programme, and the path to naturalisation requires separate conditions and time. In addition, Cyprus is not yet part of the Schengen area, although it is moving towards joining. We help choose a suitable property, evidence your income and obtain the status, and plan the next steps.
A case from practice
A family wants a permanent status in an EU country without having to relocate. We choose a new property from €300,000, check it and evidence their foreign income. The family quickly obtains indefinite Cyprus PR. We explain frankly that it is not a passport and that Cyprus is not yet in Schengen.
Who Cyprus PR suits
- A permanent status in an EU country
- An investment in Cypriot real estate
- Obtaining it quickly without relocating
- A base in the Mediterranean
- Status for the whole family
- Planning towards naturalisation
03 / What it covers
What matters about Cyprus PR
Condition
- Real estate from €300,000
- A new property
- Evidenced income
Advantages
- A fast status
- Indefinite permanent residence
- No permanent residence required
Nuances
- It is PR, not a passport
- Cyprus is not yet in Schengen
- Naturalisation is separate
Keep in mind
- A clean property
- Funds check
- Conditions for keeping the status
04 / How it works
How to get permanent residence
Choosing a property
Evidencing income and funds
Purchase and application
Review
Cyprus PR
05 / Key facts
Key facts
01Investment
From €300,000 excluding VAT
The applicant transfers funds from their own account abroad to the seller's account in a Cyprus bank. The €300,000 must be paid and the contract registered before you apply.
02Where to invest
New homes, commercial property, a company or a fund
Most buyers choose a new home from a developer: first sale, up to two properties, VAT on top. Commercial property can also be resale.
03Family income
€50,000 a year + €15,000 spouse + €10,000 per child
This comes on top of the investment, not instead of it. The applicant proves income with a tax return or an auditor's certificate.
04Keeping the status
Monitoring and visits to Cyprus
Each year you confirm the investment and health insurance. The first visit is due within a year of approval, and two years in a row away means losing the status.
Common mistakes
Treating Cyprus PR as citizenship and an EU passport
PR gives you the right to live in Cyprus; the programme does not issue a passport. Citizenship is a separate route with its own conditions and timeline.
Expecting visa-free Schengen travel
Cyprus is not yet in the Schengen Area. Travel to Schengen countries follows the rules for your passport.
Paying from a Cyprus account or someone else's account
Funds must come from the personal foreign account of the applicant, the spouse or their company, straight to the seller's Cyprus bank account. Any other payment puts the application at risk.
06 / Expert advice
How to prepare in advance
For Cyprus PR a suitable new property from €300,000 is chosen, checked for cleanness, and a stable foreign income and the source of funds are evidenced. It is understood that this is PR, not a passport, and that Cyprus is not yet in Schengen. The next steps towards naturalisation are planned. Then the status is obtained quickly and without surprises.
What we do for you. We handle Cyprus PR end to end: we choose and check the property, evidence income and the source of funds, and obtain the status quickly. We explain the nuances frankly — it is PR, not a passport, and Cyprus is not yet in Schengen — and plan the next steps towards naturalisation.
Anna KovalevskayaLead lawyer for EU citizenship and residency, 12 years of practice
07 / Questions
Frequently asked questions
It is a permanent residence permit for an investment from €300,000 excluding VAT, most often in a new home. Alongside the investment, the applicant proves a stable income from abroad.
No, it is permanent residence, not citizenship. The programme does not issue a passport, and naturalisation requires separate conditions and time.
Not yet: Cyprus is not in the Schengen Area. The status gives you the right to live in Cyprus, while Schengen travel follows the rules for your passport.
No, permanent residence on the island is not required. You need to visit within a year of approval, not stay away two years in a row and pass the annual monitoring.
Proven annual income, police clearance certificates, health insurance and a transparent source of funds. We check income and the source of money before choosing a property.
Yes. The spouse and children under 18 go in one application; students aged 18-25 file their own applications without a separate investment. Parents are not included.
The guide figure is about 2 months from a complete file. It is an estimate, not a guarantee: timing depends on the authority and its requests.
Cyprus PR glossary
- Cyprus PR programme →
- ARC (Cyprus alien registration)
- Form MIP2
- Cyprus residence card
- Cyprus PR criteria
- Cyprus Migration Department
- Secure annual income
- Dependent students 18-25
- Cyprus PR monitoring
- Cyprus Department of Lands and Surveys
- Title deed in Cyprus
- DLS search certificate
- Encumbrance in Cyprus
- Separate title deed in Cyprus
- Developer mortgage in Cyprus
- Reservation agreement in Cyprus
- Sale contract in Cyprus
- Contract deposit in Cyprus
- Specific performance law
- Direct title issue to the buyer
- Cyprus transfer fees
- Foreign buyer permit (Cap. 109)
- Planning permit
- Building permit
- Certificate of final approval
- Division permit
- First sale from a developer
- Resale property in Cyprus
- 18-month new building rule
- Commercial property for Cyprus PR
- Short-term rental licence
- VAT on Cyprus property
- Reduced 5% VAT on housing
- Cyprus tax identification code
- Cyprus stamp duty
- Cyprus capital gains tax
- Special defence contribution
- Cyprus non-dom status
- GESY health contribution
- Cyprus tax residency
- Cyprus income tax
- €300,000 investment for Cyprus PR
- Investment in a Cyprus company
- Investment in a Cyprus fund
- Cyprus PR government fees
- Source of funds for Cyprus PR
- Cyprus bank account
- Family members in Cyprus PR
- Apostille for Cyprus
- Certifying officer in Cyprus
- Citizen Service Centre (KEP)
- Sworn translator in Cyprus
- Police clearance for Cyprus
- Plan A health insurance
- Power of attorney for Cyprus
- Income affidavit
- Non-employment declaration
- Medical tests for Cyprus PR
- Cyprus citizenship by residence
- All terms →
INITIAL ASSESSMENT
Tell us what outcome your family needs
We will design a solution for your case, choose the country and the right status, and take the whole process through to the result.
