The short answer
Under the fast-track Regulation 6(2) route, a non-EU applicant investing from €300,000 (plus VAT) in new-build residential property, with proof of secure annual income from abroad, can obtain Cyprus permanent residency — typically within two to three months. Spouse and dependent children can be included.
Key points
- Minimum qualifying investment is €300,000 in new-build residential property, from a developer.
- You must evidence secure annual income arising from outside Cyprus.
- Decisions on the fast-track route typically arrive in two to three months.
- Permanent residency is not citizenship and does not itself grant the right to work in Cyprus.
What the route requires
The core conditions are consistent: a qualifying investment, evidenced income from outside Cyprus, clean criminal records for adult applicants, and a commitment not to work in Cyprus in employment (dividends from a Cyprus company are treated differently).
- Investment: from €300,000 plus VAT in new-build residential property purchased from a development company.
- Income: secure annual income from abroad, increased for a spouse and each dependent child.
- Payment trail: funds transferred from abroad through a Cyprus bank, fully documented.
- Family: spouse and dependent children can be included in the same application.
- Retention: the qualifying investment must be retained for the permit to remain valid.
Timeline
The property is chosen and contracted first, because the application is built around it. Once the contract, payment evidence and personal documents are complete, the file is submitted and a decision on the fast-track route usually follows in two to three months.
| Stage | Typical duration |
|---|---|
| Select property, reserve and sign contract | 2–6 weeks |
| Transfer qualifying funds and gather documents | 2–6 weeks |
| Submit application to Civil Registry and Migration | — |
| Decision | ≈2–3 months |
What the permit gives you
Permanent residency lets you and your included family members live in Cyprus indefinitely, with the residence card renewed as required rather than re-applied for annually. It is a residence right in an EU member state — not EU citizenship, and not by itself a right to take employment in Cyprus.
Extraland builds exactly the kind of property this route requires: new-build homes purchased directly from the developer, with the documentation the application needs prepared correctly the first time.
Frequently asked
The qualifying investment threshold is exclusive of VAT; VAT is payable on top at the applicable rate. Your total outlay should be budgeted accordingly.
Adult children and parents have historically been handled under separate provisions with their own thresholds and conditions. Because the rules have been revised more than once, confirm the current position with an immigration lawyer before planning around it.
The permit requires that you do not remain absent from Cyprus for a continuous period beyond the limit set in the regulations — you must visit, but you are not required to reside full time.
No. It is a permanent right of residence. Citizenship is a separate process with its own, considerably longer, requirements.
Next steps
Last reviewed 20 August 2026. General information, not legal or tax advice — always instruct an independent Cyprus-registered lawyer.