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 permanent residence through a qualifying new home, subject to income, background and dependant requirements.
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.
| Cost item | Amount or basis | What it covers |
|---|---|---|
| Qualifying property | From €300,000 | Excludes VAT. Pay at least this amount before submission. |
| VAT | Applicable tax is additional | The 5% primary-residence rate has separate tax conditions; permanent residence alone does not qualify. |
| Government application | €500 per application | Separate dependant applications incur their own fee. |
| Initial alien registration | €70 per person | Applies where an Alien Registration Certificate (ARC) does not already exist. |
| Transaction and professional fees | Property-specific quotation | Confirm legal checks, contracts, registration and applicable transaction charges separately. |
| Insurance and documents | By person and documents | Medical insurance, translation and certification are additional. |
| Ongoing ownership | Actual costs | Property management, maintenance, insurance and identity-document renewals. |
The purchase price acquires a property asset. Annual income is an eligibility requirement, not a government payment. The table is not an all-inclusive quote, and no return or buyback is guaranteed.
This route grants permanent residence, not citizenship or a passport. The investment amount is one of several eligibility conditions.
YOUR FAMILY
Family & income
Spouses and children under 18 may be included. The overseas income requirement increases with family size.
Qualifying spousal income may be included. Criminal-record, healthcare and suitable accommodation requirements also apply.
| Family member | Required annual overseas income |
|---|---|
| Main applicant | €50,000 |
| Additional spouse | + €15,000 |
| Each dependent minor child | + €10,000 |
For example: a couple with two minor children requires €85,000 in annual income.
Adult children and parents
Unmarried, financially dependent children aged 18–25 studying in higher education abroad may apply separately, with an additional €10,000 annual income per child. Students in Cyprus follow the student-permit and post-graduation rules. Parents and parents-in-law are outside the current basic dependant scope.
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
Application steps
Confirm eligibility, prepare the purchase documents and submit the application.
Our written agreement defines the service scope. The competent authority determines processing and the outcome.
Confirm eligibility
Review family members, overseas income, source of funds and service scope.
Property and documents
Check the property, title and contract, then complete payment and documentation.
Submit and follow up
Coordinate submission, further documents and progress. The authority decides the application.
Maintain residence
Complete entry, registration and residence-card procedures and meet ongoing conditions.
BEYOND APPROVAL
Maintaining your residence
Keep the qualifying investment and meet residence and evidence deadlines.
Retain the investment
Maintain qualifying investment and applicable medical insurance. Check replacement requirements before a sale.
Entry and absence
Applicants living abroad must acquire residence within one year of approval and must not be absent for two consecutive years.
Cards and family changes
Adult residence cards require replacement every ten years. Review a minor child’s next application before age 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 RIGHTS
Residence rights and limits
Residence, employment and citizenship have separate requirements.
- Work and business
- This route does not grant general employment rights. Shareholding, dividends and unpaid directorships are permitted within the applicable rules.
- Travel within Europe
- The permit does not automatically grant Schengen visa-free travel or residence and work rights elsewhere in the EU. Check passport and destination requirements.
- Citizenship and tax
- Naturalisation requires actual residence, language and other separate conditions. Tax residence must also be assessed independently.
Policy sources and important information
Policy and costs checked: 18 October 2026.
Conatus Mobility provides independent consultancy and application coordination. The authority determines eligibility and approval; property investment does not guarantee approval, returns or resale.