Invest in Real Estate and Gain Cyprus Permanent Residency

Cyprus presents an excellent opportunity for non-EU citizens to secure a Permanent Residence Permit (PRP) through real estate investment. This program offers a straightforward path to residency, providing access to the benefits of living in Cyprus, a Mediterranean gem known for its high quality of life, safe environment, and stable economy.

By investing in qualifying properties, applicants and their families can enjoy permanent residence status, educational opportunities, and potential access to European citizenship. The Cyprus PRP is not just about relocation; it’s also an investment in a thriving property market with significant growth potential.

Essential Requirements for Cyprus Permanent Residence Permit

1. Real Estate Investment

To qualify for the PRP, applicants must purchase a brand-new property valued at €300,000 + VAT or more. This can include luxurious apartments, villas, or standalone houses. However, it’s important to note that resale properties do not qualify-only newly built properties are accepted under the scheme. The investment must be in residential real estate, highlighting the government’s focus on supporting the housing sector while offering applicants tangible, high-value assets in return.

Purchase a brand-new property (apartment, villa, or house) valued at €300,000 + VAT.
The property must not be a resale; it must be newly built.

By meeting this requirement, applicants not only secure their residency but also gain ownership of a property in one of Europe’s most desirable locations. Cyprus’s real estate market is robust and growing, with properties offering long-term value appreciation, especially in popular cities like Limassol, Larnaca, and Paphos.

2. Minimum Payment Threshold

Applicants must pay a minimum of €200,000 + VAT before submitting their application. This ensures the government can verify the applicant’s financial commitment to the program. Additionally, the contract of sale must be stamped and registered at the Land Registry Office to formalize the investment. This step provides legal proof of the transaction and secures the applicant’s interest in the property.

A minimum of €200,000 + VAT must be paid before submitting the application.
The contract of sale must be stamped and registered at the Land Registry Office.

Timely payment and registration of the contract are critical for avoiding delays in the application process. These requirements ensure transparency and accountability, making Cyprus’s PRP program one of the most reliable in Europe.

3. Proof of Income

Applicants must demonstrate an annual income of at least €50,000 for the main applicant. Additional income requirements apply for family members: €15,000 for a spouse and €10,000 for each dependent child or parent. The income must originate from outside Cyprus, ensuring that applicants are financially independent and not reliant on the local economy for support.

Demonstrate a guaranteed annual income of at least €50,000 for the main applicant.
Add €15,000 for a spouse and €10,000 for each dependent child or parent.
Income must originate from outside Cyprus (e.g., rent, pensions, company dividends).

Eligible income sources include rentals, dividends, pensions, or other passive income streams, making this requirement accessible for many investors. This criterion reflects the program’s focus on attracting financially stable individuals who can contribute positively to the country’s economy.

4. Ownership Requirements

The property can be purchased through a company if the applicant is the sole shareholder.

The property may be purchased through a company, provided that the applicant is the sole shareholder. This allows applicants to structure their investment flexibly while meeting the program’s criteria. Ownership through a corporate entity can also provide additional tax benefits and legal protections.

5. Other Documentation

To complete the application, the following documents are required:

Notarized passport and ID copies.
Proof of income, occupation, and country of residence.
Clean criminal record certificate from the applicant’s country of residence.
Health insurance to ensure coverage while residing in Cyprus.

Submitting accurate and complete documentation ensures faster processing and approval of the application. Legal advisors play a vital role in verifying and preparing these documents.

Application Process

1. Form Submission

Applicants must complete Form M.67, the official application form for the PRP, and submit it along with all necessary supporting documents. These include:

Proof of property purchase, such as the contract of sale and payment receipts.
Income declarations, demonstrating the applicant's financial stability.
Other certifications, such as health insurance, criminal record clearance, and proof of residence.

Submitting accurate and complete documentation is critical, as any missing or incorrect information can delay the approval process. It is highly recommended to work with a legal advisor or immigration consultant to ensure all forms are correctly filled out and comply with Cypriot regulations. The submission marks the formal beginning of the application review process.

2. Translation and Certification

All documents must be translated into English to meet the language requirements of Cypriot authorities. Translations must be certified by an official body, such as the Cyprus embassy in the applicant’s country of residence, ensuring authenticity and accuracy.

All documents must be translated into English and stamped by the Cyprus embassy in your country.

This step is vital for guaranteeing that the application can be processed smoothly by the relevant authorities. Certified translations eliminate potential misunderstandings or errors during the review. Working with professional translation services and embassy-certified agents can ensure that all documents meet the required standards.

3. Review and Approval

The review process typically takes three months, making it one of the fastest residency programs in Europe. During this time, applicants may be required to provide additional information or clarifications if requested by the Cypriot authorities.

Upon submission, the application will be reviewed by the Government Committee for final approval.

Upon approval, the applicant is granted permanent residency, allowing them and their family to live on the island. The efficiency and transparency of the review process have made Cyprus a top choice for investors seeking secure and swift residency solutions.

1. Applies to the Whole Family

The Cyprus Permanent Residence Permit (PRP) is uniquely family-oriented, providing residency benefits not just for the main applicant but also for their immediate and extended family members. This inclusivity ensures that applicants can secure a stable and unified lifestyle for their loved ones while enjoying the benefits of living in a Mediterranean paradise.

Family Members Covered Under the Cyprus Permanent Residence Permit

The applicant’s spouse: Both partners can live and work in Cyprus, creating a stable and shared foundation for their future.
Dependent children under 18: Minor children are automatically eligible, ensuring they have access to a safe and nurturing environment.
Unmarried dependent children up to 25 years old: This includes students pursuing higher education or those financially dependent on the applicant.
Parents of the main applicant and their spouse: The PRP allows for multigenerational families to reside together, fostering closeness and support across generations.

This family-friendly policy makes Cyprus an ideal destination for those seeking long-term stability and access to world-class education and healthcare. The inclusive nature of the PRP program eliminates the need for separate applications, reducing administrative hurdles and keeping families together in one of Europe’s most desirable locations.

2. Simplified Immigration

Cyprus offers one of the most streamlined residency programs in Europe. PRP holders benefit from a simplified process that eliminates many of the complexities associated with other immigration schemes.

Lifetime validity: Once granted, the PRP does not require renewal, provided the qualifying property investment is retained.
No frequent evaluations: PRP holders are exempt from the frequent consulate valuations and renewal processes required in many other residency programs.
Hassle-free compliance: The minimal requirements for maintaining residency-such as visiting Cyprus once every two years-make it an ideal choice for investors or families who split their time between countries.

This simplicity provides peace of mind to residents, allowing them to focus on enjoying their life and investment in Cyprus rather than navigating complex bureaucratic procedures.

3. Educational Opportunities

Cyprus is renowned for its high-quality education system, making it an attractive option for families with children. PRP holders can enroll their children in public or private schools, including internationally recognized institutions that offer English-language curricula.

Private English schools: These institutions provide world-class education, preparing students for global academic and professional opportunities.
Access to international qualifications: Students can pursue globally recognized certifications such as the International Baccalaureate (IB) or British A-Levels.
Affordable education: Cyprus offers a high standard of education at significantly lower costs compared to other European countries.

This focus on education ensures that children of PRP holders receive excellent schooling, equipping them for success in a competitive global environment.

4. Minimal Visit Requirement

One of the key advantages of the Cyprus PRP program is its flexibility, particularly for those who divide their time between multiple countries.

Minimal residency obligation: PRP holders are required to visit Cyprus just once every two years for at least two days to maintain their status.
Ease of travel: Cyprus is well-connected to major global destinations, making it easy for PRP holders to fulfill this requirement while balancing other commitments.
Flexibility for business owners: This minimal visit requirement is ideal for investors or business professionals who maintain international operations but want the benefits of Cypriot residency.

This flexible approach makes the Cyprus PRP program a practical option for individuals who wish to enjoy the benefits of residency without being tied to one location. The Cyprus PRP program is a comprehensive solution for individuals and families seeking a secure, high-quality lifestyle with minimal bureaucratic hurdles.

What to Know About Cyprus Permanent Residency Rules

Retention of Investment: The property must remain in the applicant’s possession to retain PRP status. If sold, a new property meeting the €300,000 + VAT threshold must be purchased.
Secure Investment: The program requires proof of income and compliance with legal standards, ensuring the integrity of the scheme.
Category F Applicants: An alternative pathway for individuals with sufficient income from abroad who do not intend to work in Cyprus.

Why Choose Cyprus for Permanent Residency?

Cyprus stands out as one of the most appealing destinations for permanent residency, offering a unique blend of lifestyle, economic, and strategic advantages. Whether you’re seeking a peaceful retirement, a thriving investment opportunity, or a better quality of life for your family, Cyprus delivers on all fronts. Here’s why:

Low Tax Environment: Corporate tax rate of 12.5%, one of the lowest in the EU.
Prime Location: Positioned at the crossroads of Europe, Asia, and Africa, offering unmatched connectivity.
Quality of Life: Safe environment, excellent healthcare, and a sunny Mediterranean climate.
Booming Economy: A growing property market with solid investment potential.
Top-tier Education: Access to high-quality schools and universities.

Andreas Efthimiou Real Estates: Your Trusted Partner for Cyprus PRP

At Andreas Efthimiou Real Estates Agency LTD, we aim to make your journey to permanent residency smooth and hassle-free. Our comprehensive services are designed to address every aspect of the process:

Property Selection: We offer a carefully curated portfolio of properties that meet the €300,000 + VAT investment requirement. Whether you’re looking for a luxurious villa, a modern apartment, or a family-friendly home, we’ll help you find the perfect property to match your needs.
Legal Assistance: Our experienced legal partners handle all aspects of compliance, documentation, and registration. This ensures that your application process is seamless and fully adheres to Cyprus’s legal requirements.
Post-Purchase Support: Beyond securing your property, we assist with title deed transfers, property management, and any ongoing needs to ensure a stress-free ownership experience.

Schedule a Visit to Explore PRP-Eligible Properties in Cyprus

Investing in Cyprus properties is more than a financial decision-it’s a step toward a better future. Whether you’re planning for retirement, relocating your family, or seeking a lucrative investment opportunity, Cyprus offers the perfect balance of lifestyle and financial benefits.

Contact Andreas Efthimiou Real Estates Agency LTD today to explore available properties and begin your journey toward securing your Permanent Residence Permit. Together, we’ll make your dream of living in Cyprus a reality!