September 3, 2025
Permanent Residency in Cyprus Through Property Investment
Cyprus offers one of the most attractive pathways to Permanent Residency (PR) in the European Union through investment in real estate. With its strategic location, high quality of life, and strong property market, Cyprus has become a top choice for international investors seeking both a secure home and long-term residency benefits.
Nicolaides Group PR Program
Investment Criteria
To qualify for PR, non-EU nationals must invest a minimum of €300,000 (excluding VAT) in residential property. The property must be fully paid at the time of application, with official receipts submitted to the authorities. Buyers may choose up to two new residential units (houses or apartments, including off-plan properties), provided they are purchased directly from a development company.
Eligible Properties
- Residential Properties: New apartments and houses that can accommodate the applicant and family.
- Commercial Properties: Offices, retail spaces, hotels, and mixed-use developments. Resales are allowed in this category.
- Combined Investments: A mix of residential and commercial, as long as the total meets the €300,000 threshold.
Additional Requirements
- Funds must come from abroad and be transferred directly to the developer’s bank account in Cyprus.
- Applicants must provide clean criminal record certificates.
- Investors must show proof of a minimum annual income of €50,000, plus €15,000 for a spouse and €10,000 per dependent child.
- Income must originate from outside Cyprus for residential-only investments.
Ongoing Obligations
To maintain PR status, applicants must submit annual proof that the investment and health insurance remain valid, as well as updated criminal records every three years.
Why Choose Cyprus?
- EU Membership: Cyprus is an EU member state and is in the process of joining the Schengen Area.
- Travel Freedom: Once Cyprus enters Schengen, PR holders will enjoy seamless travel across much of Europe.
- Smart Investment: Real estate in Cyprus continues to show strong growth, making it both a lifestyle and financial investment.
Nicolaides Group – Your Trusted Partner
With over 40 years of experience, Nicolaides Group has earned a reputation as one of Cyprus’s most trusted real estate developers. We specialize in high-quality residential projects that qualify for the PR program, offering our clients peace of mind and a seamless process.
From property selection to application support, we guide you every step of the way—ensuring your investment not only secures your family’s future but also grows in value.