Buy Cyprus Property for Permanent Residency

Buy Cyprus Property for Permanent Residency

Buy Cyprus Property for Permanent Residency

The key criterion is the purchase of a new immovable property/ies* with a value greater than €300,000 (excluding
vat). The applicant must submit the application form accompanied with a contract of sale and proof of
payment of at least €200,000 (excluding vat).

The property can also be put on a company name provided that the company is registered in the name of the applicant and/or the applicant and spouse, and that he/they are the sole shareholders. Additionally, the contract of sale must have been submitted to the Cyprus Department of Land and Surveys.*the applicant may purchase up to 2 residential properties (apartments/houses), or one residential unit and one shop (with a minimum area of 100sqm), or one housing unit and one office (with a minimum area of 250sqm), provided that the combined value exceeds €300,000. This allowance is per married couple.

From 7th May 2013, the Government has stipulated that only new properties purchased directly from a
developer qualify for this scheme. Additionally, the units should be purchased from one developer.

How we can help

Our professional team of property consultants all over Cyprus can help you by recommending suitable properties based on your location and budget requirements.

We have a wide portfolio of Cyprus properties with title deeds and new properties from reputable Cyprus property developers in Nicosia, Limassol, Paphos, Larnaca and Famagusta regions.

Contact us here for more information and guidance on purchasing Cyprus property for Permanent Residence Permit.