Cyprus · Investing

Cyprus PR · €300k new home

Investment needed: €300k+ ≈ $335k

Permanent residence by investment: new house or apartment (EUR 300,000 plus VAT)

Checked against official sources on 12 Oct 2026Change log

Key facts

PR · €300k new home is an investing route for Cyprus. Applicants need an investment of €300k+ ≈ $335k. You can stay 10 yrs, renewable. You can't take local work. Checked 2026-10-12 against the official source.

Money needed: €300k+ ≈ $335k
Government fees: €500 ≈ $560
First stay: 10 yrs

Cost, time and long term

To apply: government fee €500 ≈ $560; investment €300k+ ≈ $335k. No lawyer or agent fee is included.

Government fees€500 ≈ $560

EUR 500 (≈ $560)Fee at application submission; EUR 70 (≈ $78) per person for the Alien Registration Certificate.

Shown, not spent€50k+/yr ≈ $56k

EUR 50,000 a year (≈ $55,900)Secured personal annual income in addition to the EUR 300,000 (≈ $335,000) investment; plus EUR 15,000 (≈ $16,800) for a spouse and EUR 10,000 (≈ $11,200) per dependent minor child.

Invested and held€300k+ ≈ $335k

EUR 300,000 (≈ $335,000)Houses or apartments (up to two) sold for the first time by a development company, worth at least EUR 300,000 (≈ $335,000) plus VAT; payment receipts at least EUR 300,000 (≈ $335,000) excluding VAT.

RenewalRenewable

The residence card expires after ten years and is replaced; the permit gives an unlimited right of residence.

Migration Department, Cyprus

CitizenshipGeneral rule: 7 years of residence

General naturalisation rule: 12 months of legal continuous residence immediately before applying and at least 7 years of legal residence in the preceding 10 years, plus Greek at B1 level.

Ministry of Interior

Presence rulesAbsence limits

The permit ceases if you acquire permanent residence abroad or are absent from Cyprus for two years. You must take up residence within one year of approval.

Migration Department, Cyprus

Why this route may not fit

Check this before you apply.

Work isn't allowed on this route
Not open to EU, EEA or Swiss passports

What you'll need

Who can apply2

The applicant is a third-country national.
The home is a first sale from a development company; up to two units may be bought.

What you must show7

Property worth at least EUR300,000 (≈ $335,000) plus VAT, with payment receipts of at least EUR300,000 (≈ $335,000) excluding VAT.
Secured personal annual income of at least EUR50,000 (≈ $55,900) in addition to the investment.
The income requirement rises by EUR15,000 (≈ $16,800) for a spouse and EUR10,000 (≈ $11,200) for each dependent minor child.
Funds must be transferred to Cyprus from abroad, from the bank account of the applicant, the spouse or a company they solely own.
Each financially independent adult child included needs a further EUR300,000 (≈ $335,000) of investment (EUR600,000 (≈ $670,000) for one adult child) and their own EUR50,000 (≈ $55,900) income.
The income must come from abroad and be shown by a tax return from the country of tax residence or an accountant's certificate.
Fee: EUR500 (≈ $560) at application submission, plus EUR70 (≈ $78) per person for the Alien Registration Certificate.

Documents5

Title deed or sale contract filed at the Department of Lands and Surveys, in the name of the applicant or spouse.
Evidence that the money came from abroad and was not borrowed in Cyprus.
Clean criminal record certificates for the applicant and spouse from the country of origin and of residence.
A health insurance certificate covering inpatient and outpatient care for the applicant and dependants.
A statement that the applicant and spouse will not take employment in Cyprus.

Steps2

Apply in person at the Migration Department, or through an authorised representative, with the form MIP2 and checklist.
The Deputy Minister decides after about two months under the expedited procedure.

After you arrive3

Take up residence in Cyprus within one year of approval, or the permit ceases.
Show every year that the investment is maintained; a clean criminal record certificate is due every three years.
The permit ceases if the holder acquires permanent residence abroad or is absent from Cyprus for two years.

When you become tax resident

How Cyprus decides tax residence and treats foreign-source income, from its tax records.

Stay on this route

10 years at first, renewable

Tax residence

More than 183 days in a tax yearStaying in Cyprus for periods exceeding 183 days in total in a tax year.
At least 60 days in a tax year60-day rule: at least 60 days in Cyprus, not more than 183 days in any other country, carrying on business or employment in Cyprus, and keeping a permanent home in Cyprus that the person owns or rents.

Foreign-source income

Non-dom (17 of 20 years)

SDC on dividends (5% for residents who are domiciled) and interest (17% for residents who are domiciled) under Law 117(I)/2002 as amended; ordinary income tax on residents continues to apply to worldwide income.

Special regime

Non-domiciled residents outside Special Defence Contribution · Tax relief

All tax rules for Cyprus Tax records checked 12 Oct 2026

Official site

What you need to arrange

Health insurance
A health insurance certificate covering inpatient and outpatient care for the applicant and dependants
Bank account / funds
Funds must be transferred to Cyprus from abroad, from the bank account of the applicant, the spouse or a company they solely own
Police certificate and civil documents
Clean criminal record certificates for the applicant and spouse from the country of origin and of residence

Taken from this route's requirements above. The authority's own list is the one that counts.

Full official text

Purchase of up to two houses or apartments, a first sale from a development company, worth at least EUR300,000 (≈ $335,000) plus VAT. ¹

What you must show and pay

An investment of at least EUR 300,000 (≈ $335,000) · Houses or apartments (up to two) sold for the first time by a development company, worth at least EUR 300,000 (≈ $335,000) plus VAT; payment receipts at least EUR 300,000 (≈ $335,000) excluding VAT. ¹
Income of at least EUR 50,000 a year (≈ $55,900) · Secured personal annual income in addition to the EUR 300,000 (≈ $335,000) investment; plus EUR 15,000 (≈ $16,800) for a spouse and EUR 10,000 (≈ $11,200) per dependent minor child. ¹
A fee of EUR 500 (≈ $560) · Fee at application submission; EUR 70 (≈ $78) per person for the Alien Registration Certificate. ¹

Requirements

The applicant is a third-country national. ¹
The home is a first sale from a development company; up to two units may be bought. ¹
Property worth at least EUR300,000 (≈ $335,000) plus VAT, with payment receipts of at least EUR300,000 (≈ $335,000) excluding VAT. ¹
Secured personal annual income of at least EUR50,000 (≈ $55,900) in addition to the investment. ¹
The income requirement rises by EUR15,000 (≈ $16,800) for a spouse and EUR10,000 (≈ $11,200) for each dependent minor child. ¹
Funds must be transferred to Cyprus from abroad, from the bank account of the applicant, the spouse or a company they solely own. ¹
Each financially independent adult child included needs a further EUR300,000 (≈ $335,000) of investment (EUR600,000 (≈ $670,000) for one adult child) and their own EUR50,000 (≈ $55,900) income. ¹
The income must come from abroad and be shown by a tax return from the country of tax residence or an accountant's certificate. ¹
Fee: EUR500 (≈ $560) at application submission, plus EUR70 (≈ $78) per person for the Alien Registration Certificate. ¹
Title deed or sale contract filed at the Department of Lands and Surveys, in the name of the applicant or spouse. ¹
Evidence that the money came from abroad and was not borrowed in Cyprus. ¹
Clean criminal record certificates for the applicant and spouse from the country of origin and of residence. ¹
A health insurance certificate covering inpatient and outpatient care for the applicant and dependants. ¹
A statement that the applicant and spouse will not take employment in Cyprus. ¹
Apply in person at the Migration Department, or through an authorised representative, with the form MIP2 and checklist. ¹
The Deputy Minister decides after about two months under the expedited procedure. ¹
Take up residence in Cyprus within one year of approval, or the permit ceases. ¹
Show every year that the investment is maintained; a clean criminal record certificate is due every three years. ¹
The permit ceases if the holder acquires permanent residence abroad or is absent from Cyprus for two years. ¹

Stay

Immigration permit with unlimited right of residence for the holder and adult dependants; the residence card expires after ten years and is replaced, and a dependant's card is valid to age 18. The holder must take up residence within one year of approval, and the permit ceases after permanent residence abroad or two years' absence from Cyprus.
Initial permitted stay: 120 months.
Renewable, subject to the conditions in force at renewal.

Nationality

Third-country nationals. Not open to: Austria, Belgium, Bulgaria, Switzerland, Cyprus, Czechia, Germany, Denmark, Estonia, Spain, Finland, France, Greece, Croatia, Hungary, Ireland, Iceland, Italy, Liechtenstein, Lithuania, Luxembourg, Latvia, Malta, Netherlands, Norway, Poland, Portugal, Romania, Sweden, Slovenia, Slovakia.

Work

No employment in Cyprus for the applicant or spouse. They may hold shares in Cyprus companies, receive dividends and serve as unpaid directors.

Family

The permit covers the spouse and children under 18. Unmarried children aged 18 to 25 studying abroad can apply separately with EUR10,000 (≈ $11,200) more income; the spouse can hold a separate permit.

Checked 2026-10-12

Official sources

Immigration Permits for Investors (criteria, 4th revision May 2023) · Migration Department, Cyprus · checked 2026-10-12 · published 2025-12-29
Acquisition of Cypriot citizenship by naturalization due to years of residence (form M127) · Ministry of Interior (Cyprus) · checked 2026-10-12

PR · €300k new home and its alternatives

Route	Money needed	Stay	Work
PR · €300k new home	Needs an investment of €300k+ ≈ $335k	10 yr, renewable	No
PR · €300k fund units	Needs an investment of €300k+ ≈ $335k	10 yr, renewable	No
PR · €300k commercial property	Needs an investment of €300k+ ≈ $335k	10 yr, renewable	No
PR · €300k company shares	Needs an investment of €300k+ ≈ $335k	10 yr, renewable	No
Golden Visa · €250k arts Portugal	Needs an investment of €250k+ ≈ $279k	2 yr, renewable	–

Questions people ask

How much money do I need for the PR · €300k new home?

An investment of at least EUR 300,000 (≈ $335,000). Houses or apartments (up to two) sold for the first time by a development company, worth at least EUR 300,000 (≈ $335,000) plus VAT; payment receipts at least EUR 300,000 (≈ $335,000) excluding VAT. Income of at least EUR 50,000 a year (≈ $55,900). Secured personal annual income in addition to the EUR 300,000 (≈ $335,000) investment; plus EUR 15,000 (≈ $16,800) for a spouse and EUR 10,000 (≈ $11,200) per dependent minor child. A fee of EUR 500 (≈ $560). Fee at application submission; EUR 70 (≈ $78) per person for the Alien Registration Certificate.

How long can I stay on the PR · €300k new home?

Immigration permit with unlimited right of residence for the holder and adult dependants; the residence card expires after ten years and is replaced, and a dependant's card is valid to age 18.

Can I work on the PR · €300k new home?

No. No employment in Cyprus for the applicant or spouse.

Can I bring my family on the PR · €300k new home?

The permit covers the spouse and children under 18.

Who can apply for the PR · €300k new home?

Is there a tax break for PR · €300k new home holders in Cyprus?

Non-domiciled residents outside Special Defence Contribution (17 of 20 years): Special Defence Contribution (SDC) applies only to residents who are also domiciled in Cyprus, so a tax resident without Cyprus domicile pays no SDC on dividends or interest; an individual is deemed domiciled after being tax resident in at least 17 of the last 20 years before the tax year. It's separate from the visa and has its own conditions.

Tax

Special regime

Non-domiciled residents outside Special Defence Contribution (17 of 20 years)

Tax relief

Foreign-source income: Non-dom (17 of 20 years)

Details

On: SDC on dividends (5% for residents who are domiciled) and interest
Who: Tax resident of Cyprus under the Income Tax Law

Special Defence Contribution (SDC) applies only to residents who are also domiciled in Cyprus, so a tax resident without Cyprus domicile pays no SDC on dividends or interest; an individual is deemed domiciled after being tax resident in at least 17 of the last 20 years before the tax year.

Taxed on

Who it applies to

Tax resident of Cyprus under the Income Tax Law.
No domicile of origin in Cyprus under the Wills and Succession Law, or domicile of choice abroad with 20 consecutive years of non-residence; deemed domicile arises after 17 of the last 20 years as a tax resident and persists until 20 years without residence.

Exclusions

Persons with domicile of origin in Cyprus are domiciled for SDC.
Persons who reach 17 of the last 20 years of residence become domiciled and subject to SDC unless they elect the alternative in Article 3D (see “Alternative SDC: EUR 50,000 (≈ $55,900) a year (EUR 250,000 (≈ $279,000) for five years) for deemed-domiciled residents”).
Cyprus income tax on residents still applies to worldwide income under the scales in “Personal income tax scales from 2026”.

Tax residence

Tax residence is decided each year under Law 118(I)/2002 (183 days, or the 60-day rule); domicile is a separate test for SDC. Non-domiciled individuals can apply for exemption on form T.F.38.

Visas

A residence permit does not change domicile; tax residence years are what count.

Other taxes

SDC on rent and deemed dividend distributions were removed by Law 245(I)/2025 effective 1 January 2026; social insurance and GHS contributions are separate.

Checked against official sources on 12 Oct 2026Change log

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Head to head

≈ USD figures are approximate: daily reference rates from ExchangeRate-API, dated 12 Oct 2026, refreshed when the site is updated.

Ask the AI about this route AI

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How this was checked

Checked on 2026-10-12 against 2 official sources. Status: verified against the official sources.

Every figure on this page comes from the official source it links to. The record was researched against these sources, then reviewed separately, with special attention to effective dates and amendments. Where a source does not state something, the page leaves it out.

Immigration Permits for Investors (criteria, 4th revision May 2023) · Migration Department, Cyprus · checked 2026-10-12
Acquisition of Cypriot citizenship by naturalization due to years of residence (form M127) · Ministry of Interior (Cyprus) · checked 2026-10-12

Tracked since 2026-10-10. Rule changes and corrections are listed on the changes page, and the methodology page explains how facts are checked. Found something out of date? Email contact@stayglobe.app with a link to the official source.