Foreigners who purchase property in Cyprus can receive the status of permanent
resident through an accelerated procedure that takes just 2 months.
Permanent residency in Cyrus gives you the ability to live in Cyprus year-round, and after Cyprus joins the Schengen zone, you will be able to freely move around the entire Schengen space.
Together with the main applicant, also members of his/her family will receive permanent residency: his/her spouse, children – including adult children under the age of 28 – and financially dependent parents.
Holders of Cyprus permanent residency through real estate investment do not automatically become Cyprus tax residents and are under no obligation to stay in Cyprus.
Gaining permanent residency in Cyprus through investment in real estate and then staying on the island allows you to receive Cyprus citizenship in the future.
By staying within Cyprus for only 60 days a year, a Cyprus resident can legally receive tax residency on the island and enjoy all the advantages of the country’s tax system.
Conditions for receiving Cyprus permanent residency through buying property
YOUR PURCHASE OF
CYPRUS REAL ESTATE
300 000 €
MUST BE AT
The piece of real estate must meet
the following criteria:
PROOF OF AN
30 000 €
The applicant must show proof of an annual income outside Cyprus of at least 30,000 euro.
In the event that permanent residency is requested also for family members, this annual income must be even larger: 5000 euro more for a spouse and each child, and 8000 euro more for each financially dependent parent included in the application.
30 000 €
IN A CYPRUS BANK FOR
A PERIOD OF 3 YEARS
Your possibilities for buying property
Two pieces of
residential real estate
(apartments or house)
plus a commercial
space up to 100 m2
plus office space
up to 250 m2
Who gets Cyprus permanent residency?
(who must be over
the age of 18)
(provided that they full-time
students and financially
dependent on the
PARENTS OF THE
Note. When children reach the age of 25, they do not lose their permanent residency status
3 steps to permanent residency in Cyprus with Discus Holdings
The experts at Discus Holdings continually keep track of the Cyprus real estate market. We can confidently offer you the best investment options that have passed our independent evaluation.
Discus Holding lawyers will help you prepare all the documents you need and fill in the official forms, so the client’s file will be of the highest quality for submitting for residency. This step is a very important one, because the review of the client’s file, together with verifying its contents, has a direct impact on the expected result.
After the client’s file has been drawn up, our experts will track its submission to the Cyprus state authorities. These authorities will examine the client’s file, verify its contents, and make a decision on whether to offer permanent residency in Cyrus, after which the client will receive a Cyprus permanent resident’s card to confirm this.
Prices for services to obtain Cyprus permanent residency
Arranging permanent residency for the main applicant
20 000 €
Arranging permanent residency for each family member
10 000 €
Extension of permanent residency for the main applicant
10 000 €
Extension of permanent residency for family members
5 000 €