The property
Purchase a house or apartment sold for the first time by a developer. Up to two qualifying properties may meet the threshold together.
INVESTMENT & RESIDENCE
Investment & costs
Apply for the right to live in Cyprus through a qualifying residential investment. Available to eligible third-country applicants and their families.
Qualifying residential investment
€300,000minimum, excluding VAT and other costsSecure annual income from abroad
€50,000minimum, increased for family membersFunds and payment
Pay at least €300,000, excluding VAT, before applying, with evidence of lawful overseas funds and payment.
What else belongs in the budget?
Tax and transaction costs
VAT and applicable transaction costs depend on the property and its use. A reduced rate for a principal residence requires separate eligibility.
Application and services
Allow for government fees, translations and certification, health insurance and relevant professional services. We prepare an itemised written budget for your family.
Ongoing ownership
Plan for property management, maintenance and insurance. Returns, resale and buybacks are not guaranteed.
This route grants permanent residence, not citizenship or a passport. The investment amount is one of several eligibility conditions.
YOUR FAMILY
Family & income
A spouse and children under 18 may be included. We assess each family member’s eligibility and the income required for your application.
Qualifying spousal income may be included. Criminal-record, healthcare and suitable accommodation requirements also apply.
- Main applicant
- €50,000 / year
- Additional spouse
- + €15,000 / year
- Each dependent minor child
- + €10,000 / year
For example: a couple with two minor children requires €85,000 in annual income.
What about adult children and parents?
Unmarried, financially dependent children aged 18–25 who are in higher education outside Cyprus may apply separately under the relevant conditions, requiring an additional €10,000 in annual income each. Children studying in Cyprus follow different arrangements. Parents and parents-in-law are excluded from the standard family provisions. Financially independent adult children require a separate assessment of investment and their own income.
How are income and funds documented?
We help organise tax declarations or acceptable accountant certifications, bank records and property payment evidence. Income for the residential route must come from abroad. Payments from a spouse’s or company’s account require a separate review of account ownership, shareholding and inclusion in the application.
CONATUS MOBILITY
From the first step
to ongoing support.
Conatus Mobility supports your planning, application preparation and ongoing residence arrangements.
Our written agreement defines the service scope. The competent authority determines processing and the outcome.
Assess and plan
Review your family, income and residence goals, then define eligibility, scope and budget.
Property and preparation
Help organise property eligibility, title checks, contract and payment matters, and application documents.
Application and follow-up
Assist with submission arrangements and follow up on progress, additional documents and decisions.
Approval and beyond
Help arrange entry, registration and residence-card formalities, with reminders for evidence and renewals.
BEYOND APPROVAL
After approval
We help you keep track of the requirements that continue after approval.
Maintain the investment
Retain a qualifying investment and appropriate health coverage, and provide the required evidence. Review replacement arrangements before a sale.
Plan entry and residence
Applicants living abroad must establish residence as required within one year of approval. Avoid an absence of two consecutive years.
Keep records current
Adult residence cards normally require renewal every ten years. Review a minor child’s next steps before they turn 18.
View the ongoing requirements
Provide investment evidence annually and, when not covered by GESY, maintain and evidence health insurance annually. The applicant and adult family members must provide criminal-record certificates from their countries of origin and residence every three years. Annual income-evidence submission has been removed; initial income thresholds still apply. Selling without immediately replacing the investment with an eligible one of equal or greater value may lead to cancellation. Two years of absence or acquiring permanent residence abroad can invalidate the permit. Existing overseas permanent residence should be assessed in advance.
RESIDENCE & CITIZENSHIP
Citizenship after permanent residence
Property-based permanent residence can support lawful residence in Cyprus. Citizenship requires a separate naturalisation application and actual qualifying residence.
Ordinary residence requirement
7 + 1 years7 cumulative years in the preceding 10 years + the final continuous 12 monthsGreek language
B1With the required Cyprus civic-knowledge assessmentThe ordinary rule normally requires at least eight years of qualifying residence in total. Time spent holding a card, occasional visits or owning property does not by itself meet the residence test. Buying property does not grant citizenship.
How is residence counted?
The final 12 months must be lawful and continuous; total absences of up to 90 days do not interrupt this period. Seven cumulative years of lawful residence are required within the 10 years before that final period. Travel records and residence evidence must be assessed individually.
What else is required?
B1 Greek (subject to applicable education-based exemptions), a pass of at least 60% in the Cyprus civic-knowledge test, good character, suitable accommodation, stable resources and an intention to reside in Cyprus are required. Spouse and child nationality arrangements need separate assessment.
QUESTIONS & CLARITY
Common questions
Can I work or operate a company in Cyprus?
Property-based residence does not provide a general right to employment. Shareholding, dividends and unpaid directorships are permitted under the applicable conditions. Paid roles and actual work activities require a separate review. We help consider these alongside your business plans.
Does it allow visa-free Schengen travel or residence elsewhere in the EU?
Internal border controls with Cyprus have not yet been lifted. This permit does not automatically grant visa-free Schengen access or residence and work rights in other EU countries. Travel requirements depend on nationality, documents and destination.
Can it lead to citizenship or a change of tax residence?
Ordinary naturalisation generally requires seven years of prior qualifying residence plus the final continuous 12 months, B1 Greek and other legal conditions. See the citizenship section for the calculation. Tax residence is assessed separately.
Can I rent out or sell the property?
Letting must comply with accommodation, property-use and tax rules, and may affect reduced VAT treatment for a principal residence. A sale must also meet the ongoing investment conditions. We help you consider ownership and exit plans before purchase.
What happens when a child reaches adulthood?
A minor dependant’s card is valid until age 18; plan the next application in advance. A permit granted under the adult-student provisions may remain valid beyond age 25, marriage or financial independence under the applicable conditions. A future spouse and children are not automatically covered.
Let’s start with your plans.
Discuss your family’s needs, budget and long-term residence plans with us.
Policy sources and important information
Reviewed 23 September 2026. This page summarises published rules. Current official requirements and individual decisions prevail.
Conatus Mobility is an independent consultancy, not a government body. This page is not individual legal, tax or investment advice. Approval, timing and returns are not guaranteed. Illustrations present destinations, not properties offered for investment or official endorsements.