Does Buying a €300,000 Property in Cyprus Still Grant Permanent Residency?
Buying a newly built residential property in Cyprus for €300,000 (excluding VAT), with at least €200,000 paid before application and funds transferred from abroad, can still qualify non-EU investors for permanent residency, which this article explains to clarify current eligibility rules, payment requirements, and compliance conditions under the Cyprus PRP.
Difference Between Temporary and Permanent Residency in Cyprus
Temporary residency in Cyprus provides short-term residence under specific conditions with renewal and physical presence requirements, while permanent residency offers indefinite residence with greater legal certainty and fewer administrative obligations, which this article explains to help individuals and investors assess which option best suits their long-term plans.
Does Buying Property in Cyprus Qualify You for Residency
Buying property in Cyprus can qualify non-EU nationals for permanent residency only when the purchase meets specific investment thresholds, income requirements, and immigration compliance rules, which this article explains to help investors understand how property ownership aligns with Cyprus’s residency-by-investment framework.