Overview — Cyprus Permanent Residence
Cyprus runs one of Europe's most straightforward permanent residence programmes. A single qualifying investment of €300,000 secures residency that is granted for life: there is no renewal, and you are not asked to live on the island — one visit every two years keeps the permit in good standing.
The permit covers the main applicant, spouse and dependent children, and in many cases dependent parents as well. Alongside the investment, you show a secured annual income of at least €50,000 from outside Cyprus, rising modestly with each family member. Approval usually takes around two months, which is quick by European standards.
Cyprus sits where Europe, the Middle East and Africa meet, works in English across its legal and banking systems, and has long been a base for international families. One thing to be clear about: Cyprus is a full EU member but has not yet joined the Schengen Area, so this is a residence right rather than a Schengen travel document.
Who qualifies
- Non-EU nationals aged 18 or over with a clean criminal record
- Able to invest at least €300,000 in qualifying Cyprus assets
- Able to show secured annual income of €50,000+ from abroad (more with dependants)
- Funds demonstrably from a lawful source outside Cyprus
- Spouse and dependent children included; dependent parents in many cases
Investment routes
New Residential Property
EUR 300,000 (+ VAT)Purchase one or two new residential units from a developer, to a total of at least €300,000 plus VAT. This is the most popular route and the property can be used by the family or let out.
Most popular route — a tangible asset you can use or rent
Commercial Property, Shares or Funds
EUR 300,000Invest €300,000 in commercial real estate (new or resale), in the share capital of a Cyprus company with staff on the island, or in units of a Cyprus investment fund.
Key benefits
- Permanent residence for life — the permit does not expire
- One of the fastest EU residence approvals, in roughly two months
- No need to relocate — a single visit every two years keeps it valid
- Covers your spouse, children and, in many cases, dependent parents
- A settled, English-friendly base in the European Union
How we process your application
Eligibility & Structure
We confirm your eligibility, agree the investment route, and prepare the income and source-of-funds evidence the application will need.
Property or Asset Selection
We coordinate with vetted developers and Cyprus legal counsel to identify a qualifying property or asset and run the necessary checks.
Investment & Documentation
You complete the purchase or investment. We assemble the full dossier — passports, income evidence, clean criminal records and health insurance.
Application Submission
The application is filed with the Civil Registry and Migration Department in Nicosia. A single biometric visit to Cyprus is usually required.
Approval & Permits
On approval — typically in around two months — permanent residence cards are issued for you and your family. The status does not expire.
Why apply with Avyanco
Frequently asked questions
Do I have to live in Cyprus?
Does Cyprus residency give me Schengen access?
Can I rent out the property?
Is the permit really permanent?
Reviewed by
Jashvantkumar Prajapati
Founder & CEO, Avyanco — 21+ years in global mobility advisory