Updated for 2026. Cyprus offers one of Europe’s most straightforward residency-by-investment routes: buy a qualifying new residential property and you can apply for permanent residency (often called the Cyprus “Golden Visa”) for yourself and your immediate family. This guide covers how it works, what it costs, and what to check before you commit.

The route in one paragraph

Purchase a new residential property of at least €300,000 + VAT, show stable annual income from abroad, keep the funds and paperwork clean, and the application is typically examined on a fast-track basis within a few months. The permit covers your spouse and dependent children, and it does not require living in Cyprus — a visit once every two years is enough to keep it valid.

Key conditions to verify with counsel

• Property: new (first-sale) residential property, minimum €300,000 + VAT; funds transferred from abroad.
• Income: secure annual income from outside Cyprus — commonly cited around €50,000/year, plus additions per spouse and child.
• Family scope: spouse and children under 18 (adult dependents under conditions).
• Obligations: keep the property, maintain health insurance, clean criminal record, visit at least once every two years.
• Permanent residency is not citizenship and does not by itself grant EU-wide work rights.

Why investors pair the permit with Larnaca

Because the qualifying purchase must be a new property, most applicants buy off-plan or newly built — and Larnaca‘s new-build pipeline makes it a natural fit. A resort development such as The Ring in Meneou — with more than 300 apartments already sold — combines a qualifying purchase with rental potential; browse the apartments at The Ring to see what qualifies.

Process at a glance

1. Choose the property and reserve it; engage a licensed local lawyer.
2. Sign and register the sale contract; pay from abroad per the rules.
3. File the PR application with supporting income/insurance documents.
4. Approval and biometrics; the permit is then permanent, subject to conditions.

For the wider investment picture — taxes, buying process and market data — see our guide to investing in Cyprus.

FAQ

Does the €300,000 include VAT?
The threshold is commonly quoted as €300,000 + VAT on a new property.

Do I have to live in Cyprus?
No continuous stay is required; visiting once every two years keeps the permit valid.

Can the property be rented out?
Generally yes — many holders rent their qualifying property; confirm current rules.