Invest in Cyprus Permanent Residence Permit Programme
The Cyprus Government actively encourages foreign investment by offering a Permanent Residence Permit (PRP) to non-EU nationals who invest in property. Unlike temporary permits, the PRP is granted permanently, eliminating the need for renewals and providing long-term security.
Main Conditions:
Cyprus offers an attractive residency-by-investment opportunity, open to non-European citizens through qualifying real estate purchases. Eligibility requires an investment of €300,000 plus VAT or more a clear, accessible threshold backed by one of Europe’s most stable property markets.
- Available to non-European citizens.
- Property purchase valued at €300,000 plus VAT or more
Who Can Apply?
The residency permit covers the applicant, their spouse, and any financially dependent children under 18, with unmarried children aged 18–25 in full-time education able to apply separately for a lifelong Immigration Permit. Parents and parents-in-law of the applicant may also be eligible to apply, allowing extended family to share in the same long-term residency rights.
- The permit covers the applicant, their spouse, and financially dependent children under 18.
- Unmarried children aged 18-25 who are students and financially dependent can apply separately for a lifelong Immigration Permit.
- Parents and parents-in-law of the applicant may also be eligible upon application.
Advantages of Holding a Cyprus PRP:
The Cyprus Permanent Residency Permit offers a rare combination of stability, speed, and lifestyle benefits. Once granted, residency is permanent and non-renewable for life, with an unusually fast processing time of approximately two months. Permit holders gain access to Europe through a one-year Schengen visa issued by any European Embassy in Nicosia, as well as the opportunity to enroll children in British university education on the island and tap into Cyprus’s high-quality healthcare and medical facilities. Add to that no inheritance tax, eligibility for rental income, and a potential pathway to full Cypriot citizenship and passport and the result is one of the most attractive residency frameworks available in the European Union today.
- Permanent, non-renewable residence status for life.
- Fast processing time — approximately two months.
- Access to Europe with a 1-year Schengen visa issued by any European Embassy in Nicosia.
- Opportunity to access British university education in Cyprus.
- Access to high-quality healthcare and medical facilities
- No inheritance tax.
- No inheritance tax.
- Eligibility for rental income opportunities.
- Potential pathway to citizenship and passport.
Travelling Benefits
A holder of the Cyprus Permanent Residence Permit can travel to Cyprus at any time, visa-free. Access to the wider Schengen Zone is just as straightforward a one-year Schengen visa can be easily obtained through any EU Embassy in Nicosia, opening the door to seamless travel across Europe.
- A person who has Permanent Residence Permit can travel to Cyprus without visa.
- The visa to the Schengen zone’s countries can be easily obtained by Cyprus
- 1-year Schengen visa in the any EU Embassy in Nicosia