Southern Cyprus Golden Visa & Residence Permit

At a glance

Real estate

From EUR 300,000 (new, from developer)

Income requirement

EUR 50,000/year (+ additional income for family)

Outcome

Direct permanent residence (PR)

Processing time

Approximately 2 months

Citizenship

After 8 years

Benefits

• Fast and direct permanent residence.
• Living in an EU member state.
• Mediterranean climate and favorable tax environment.
• Spouse, children, and parents can be included.

Requirements

• EUR 300,000 new real estate investment.
• EUR 50,000 annual foreign income.
• Clean criminal record.

Costs

Real estate

EUR 300,000 (+ VAT)

Annual income proof

EUR 50,000

Government fees

Additionally apply

Process

1. 01

   Eligibility and program selection

   Confirm you can invest at least EUR 300,000 in a new property and prove EUR 50,000 in annual foreign income.

2. 02

   Investment and document preparation

   Select a new property from a developer, prepare income proof, and gather a clean criminal record certificate.

3. 03

   Application and due diligence

   Submit the accelerated permanent residence application with your property purchase agreement and financial documents.

4. 04

   Approval and residence card

   Once approved, in approximately 2 months, receive your permanent residence card.

5. 05

   Renewal / permanent residence

   Maintain the property and income conditions, with a path to citizenship after 8 years of residence.

FAQ

What is the income requirement?

At least EUR 50,000 in annual foreign income for the main applicant; additional income is required for spouse and children.

How long does it take to get residence?

The accelerated process generally provides permanent residence in approximately 2 months.

Can the real estate be second-hand?

For accelerated PR, at least one unit of the investment must be a new property purchased from a developer.

Who from my family can be included?

Spouse, dependent children up to a certain age, and parents can be included depending on conditions.

When can I apply for citizenship?

Citizenship can be applied for after eight years of legal residence (at least five years of which as permanent resident).

What is Cyprus's tax advantage?

Significant tax exemptions apply on dividend and interest income under the non-dom regime; this is assessed based on your personal situation.