In 2023 applicants obtain Cyprus permanent residence by investing at least €300.000 in real estate. If the applicant invests in a residential property, his income must be entirely from abroad.
It can be a house or apartment bought for at least €300,000 plus VAT. It can also be two properties for the above amount, and the investor can purchase them from different development companies. Off Plan properties are also included, irrespective of the delivery date. If the applicant and spouse buy together, the above conditions apply to both. That is, the sum of the amount should be at least €300,000 plus VAT for one or two properties.
OneProperty will offer a list of suitable properties for your permanent residence in Cyprus. Do you have any questions, please get in touch with our specialists.
It’s a safe and friendly city with a strong sense of community, making it a great place to call home. Whether you choose to rent your property out long-term or as a holiday home, you can expect to generate a great return on your investment.