Investing in Cyprus Now: What Foreign Investors Need to Know About the Schengen Visa

July 24, 2025

Investing in Cyprus Now: What Foreign Investors Need to Know About the Schengen Visa

Cyprus is on the path to joining the Schengen Zone, and international interest in Cypriot real estate—especially in Larnaca—is growing faster than ever. 

Below, we break down everything you need to know about the Schengen visa, how Cyprus’ inclusion will affect foreign investors, and why investing now can put you in the best position to benefit when the time comes.

Is Cyprus Part of the Schengen Zone?

Currently, Cyprus is a member of the EU but not yet part of the Schengen Zone. However, the application process to join is already underway, and once approved, Cyprus will be part of the 29-country bloc that allows passport-free travel across much of Europe.

The inclusion of Cyprus in the Schengen Zone is widely expected to be a matter of “when,” not “if.” This is great news for investors planning long-term commitments on the island.

Schengen Visa Requirements 

For non-EU nationals, a Schengen Visa allows short stays (up to 90 days within a 180-day period) in all Schengen member states.

While each country may have slight variations, typical requirements include:

  • Valid passport (with at least 3 months validity after departure)
  • Travel itinerary and accommodation details
  • Proof of financial means (bank statements, employment letter, etc.)
  • Travel insurance with minimum €30,000 coverage
  • Visa fee payment (approx. €80 for adults)
  • Completed application form

Once Cyprus is a Schengen member, its embassies and consulates will be able to issue these visas, and those who hold Cypriot residency or property may benefit from smoother application processes or additional credibility.

How Long Does It Take to Obtain a Schengen Visa

On average, it takes 15 working days to process a Schengen visa, though it can take longer depending on your nationality and the season.

What Does the Schengen Visa Offer Investors

  • Access to 29 European countries with a single visa
  • Ease of travel for business, leisure, and networking
  • Stronger European ties and mobility
  • A stepping stone to long-term or multiple-entry visas
  • More flexibility in managing European investments

For investors who travel frequently, this kind of freedom is a major advantage.

Why Invest in Cyprus—And Why Now?

Stable, EU-member economy

Cyprus offers a secure investment environment, legal transparency, and EU financial protections.

Property in high demand

Especially in Larnaca, where infrastructure, tourism, and residential developments are rapidly expanding.

Potential future visa benefits

Investing before Cyprus enters Schengen may give you a head start when visa pathways become clearer.

Lifestyle + returns

With 340+ days of sun, stunning beaches, and a high quality of life, Cyprus offers the full package—for both personal use and rental returns.

Why Larnaca Is the Smart Investor’s Choice

Unlike other over-saturated markets, Larnaca offers high growth potential, new luxury developments, an expanding marina, and increasing foreign demand—all while maintaining relatively affordable entry points.

With strategic airport access, strong rental demand, and government-backed urban upgrades, Larnaca is a city on the rise.

Cyprus is on the fast track to joining the Schengen Zone, and investing in real estate—especially in thriving cities like Larnaca—is a smart way to position yourself for future mobility and opportunity across Europe. Owning property in Cyprus can strengthen your ties to the country and enhance your long-term travel and residency options once Schengen membership is in place. At Nicolaides Group, we offer high-quality developments and trusted support to help international investors make confident, future-focused decisions today.