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
- Purchase a brand-new property (apartment, villa, or house) valued at €300,000 + VAT.
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. 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
- A minimum of €200,000 + VAT must be paid toward the purchase price of the qualifying property before submitting the application.
The €200,000 + VAT represents an upfront payment toward the purchase price of the qualifying property and must be documented at the time of submission. 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. 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
- 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).
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. 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. Alternative Route: Purchase via the Applicant’s Own Company
- Purchase may be made via a Cyprus-registered company owned solely by the applicant and/or spouse.
Most applicants complete the purchase in their personal name. As an alternative, the program may also accept a purchase made through the applicant’s or spouse’s company, provided they are the sole shareholders or the ultimate beneficial owners (UBO). The legal entity must be properly established in Cyprus or within another EU/EEA jurisdiction. This optional route can support ownership planning, but it should be aligned with tailored legal and tax advice before submission.
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.
Cyprus PRP Application Steps & Required Submissions
1. Form Submission
- 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.
Applicants must complete Form M.67, the official application form for the PRP, and submit it along with all necessary supporting documents. 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
- Certified translations are required, in line with the language and authentication standards requested by the competent authorities.
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. 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
- Upon submission, the application will be reviewed by the Government Committee for final 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 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.
Key Benefits of the Cyprus PRP Program
1. Applies to the Whole Family
- The applicant’s spouse is included in the PRP application.
- Dependent children under 18 qualify as dependents.
- Unmarried dependent children up to 25 may qualify as students or financially dependent members.
- Parents of the applicant and spouse may be included, subject to eligibility.
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. 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
- The PRP is granted with long-term validity and does not require renewal, provided the qualifying property is retained.
- Frequent reassessments and recurring renewal cycles are not a standard requirement under the PRP.
- After approval, the focus shifts to maintaining eligibility rather than ongoing reapplications.
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. 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
- Children can enrol in private English-language schools with internationally recognised curricula.
- Pathways to the International Baccalaureate (IB) and British A-Levels are widely available.
- High education standards are often delivered at more accessible costs than in many European countries.
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. 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
- PRP holders must visit Cyprus once every two years for at least two days to maintain their status.
- The requirement is designed to remain manageable for applicants with international schedules.
- The program supports flexible residency planning for globally active individuals.
Flexibility is one of the PRP’s strongest advantages, especially for applicants who divide their time between multiple countries. The minimum visit requirement keeps residency status manageable without forcing a full-time relocation, making it well suited to internationally active families and professionals. With a clear framework and limited ongoing formalities after approval, the PRP offers a practical route to long-term stability in Cyprus while preserving the freedom to maintain commitments abroad.
PRP Rules to Keep in Mind
- The qualifying property must be retained to maintain PRP status, and a replacement purchase is required if it is sold.
- Proof of income and compliance documents must be maintained and submitted as required.
- Category F applies to applicants with sufficient income from abroad who do not intend to work in Cyprus.
Why Choose Cyprus for Permanent Residency?
- Cyprus offers a competitive tax environment, including a 12.5% corporate tax rate.
- Its location connects Europe, the Middle East, and Africa with efficient travel links.
- Day-to-day life combines a safe setting, strong healthcare access, and a stable Mediterranean rhythm.
- The local economy is supported by an active property market with consistent international demand.
- Families benefit from reputable schools and universities, including English-language pathways.
- A well-established legal and regulatory framework supports predictable long-term planning.
Cyprus appeals to permanent residency applicants because it balances lifestyle practicality with long-term stability. The island’s geography places you within easy reach of three continents, while everyday life remains calm, well-serviced, and secure. For families, education options and healthcare standards support a confident relocation plan rather than a leap into the unknown. From a financial standpoint, the jurisdiction remains business-friendly and internationally oriented, which is why many applicants view Cyprus not only as a place to live, but as a strategic base for their wider plans.
Andreas Efthimiou Real Estates for Cyprus PRP
- PRP-eligible properties are curated to meet the €300,000 + VAT requirement and align with lifestyle criteria.
- Legal and compliance support is coordinated with professional partners for documentation and submission readiness.
- Post-purchase support covers ownership transfer steps and practical guidance for a smooth relocation.
At Andreas Efthimiou Real Estates Agency LTD, we aim to make your journey to permanent residency clear, structured, and well-supported from start to finish. The process is approached as a coordinated sequence: selecting a PRP-eligible property, preparing a complete documentation file with the right checks in place, and keeping every step aligned with submission requirements. With professional partners involved where legal and compliance input is needed, applicants benefit from a smoother workflow and fewer avoidable delays. After purchase, we remain available to support ownership transfer steps and practical relocation guidance to Cyprus.
Schedule a Visit to Explore PRP-Eligible Properties in Cyprus
Schedule a visit to review PRP-eligible options in person and clarify which properties align with the program’s criteria. We can guide you through the selection priorities, outline the documentation sequence, and help you plan the next steps with clarity before submission. Browse the categories below to explore available properties by city and property type, then choose the location that best matches your preferred lifestyle and long-term plans.
Properties in Limassol
Apartments for Sale in Limassol
Properties in Larnaca
Apartments for Sale in Larnaca
Properties in Paphos
Properties in Ayia Napa / Protaras
Apartments for Sale in Ayia Napa & Protaras
Houses for Sale in Ayia Napa & Protaras
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FAQ – Cyprus Permanent Residence Permit via Real Estate
1. What is the Cyprus Permanent Residence Permit (PRP)?
The Cyprus Permanent Residence Permit (PRP) is a long-term residency status for non-EU nationals granted under criteria set by the Cypriot authorities. It allows the main applicant and eligible family members to reside in Cyprus, provided the program conditions continue to be met.
2. Who can apply for the PRP through real estate investment?
Non-EU citizens who purchase a qualifying residential property in Cyprus and meet the financial and documentation requirements may apply. Each application is assessed based on the criteria in force at the time of submission.
3. What type of property qualifies for the PRP real estate route?
The PRP real estate route typically applies to brand-new residential property purchased from a developer that meets the minimum value requirement. Resale properties and purely commercial units are generally not accepted under this route.
4. Besides buying a property, what other financial requirements apply?
Applicants are expected to demonstrate stable income from abroad and provide supporting evidence as required. Additional financial documentation, such as bank statements or deposit evidence, may also be requested.
5. Can my family members be included in the same PRP application?
Yes. A spouse and dependent children are typically included under the same application, while adult children and parents may qualify under specific conditions. Eligibility should be confirmed during preparation, based on the applicable criteria.
6. How long does the PRP application process usually take?
Processing time vary depending on the authorities’ workload and the completeness of the file. Well-prepared applications are often reviewed within a few months from full submission, while missing documents can extend timelines.
7. Do I need to live in Cyprus permanently to keep my PRP status?
No. Full-time residence is not required, but PRP holders must comply with the program’s visit/absence rules and continue to meet the conditions under which the permit was granted, including maintaining the qualifying property.
8. How can Cyprus Buy Properties assist with a PRP-focused property purchase?
Cyprus Buy Properties supports PRP applicants by aligning property selection with program criteria and keeping the purchase and documentation workflow submission-ready. We can clarify key points such as property eligibility, payment structure, and required supporting documents in coordination with your appointed legal advisers.