Cyprus has steadily grown into a preferred base for non-EU nationals who want long-term stability in Europe without the heavy obligations of full relocation. Through the Permanent Residency by Investment program, applicants can obtain residence rights that do not expire once the conditions are met. The minimum qualifying amount is €300,000 plus VAT, which may be directed into several types of assets.

Real estate remains the most common route, particularly for families. Still, the 2023 reforms have made it possible to utilize other investments, such as commercial property, participation in a Cypriot company, or units in regulated funds. The program’s appeal is set to increase further with Cyprus’s expected entry into the Schengen Zone in 2026, opening visa-free access to much of Europe.

Updated Investment Criteria

To qualify, an applicant must commit at least €300,000 net in one of the following ways:

• Residential Property: New housing purchased directly from a developer.
• Commercial Real Estate: Offices, shops, or hotels, either new or resale.
• Cyprus Company Shares: Equity in a locally registered company that maintains a physical presence and employs at least five staff.
• Collective Investment Funds: Participation in Cyprus-based funds such as AIF, AIFLNP, or RAIF.

Income Requirements (since May 2023)

The financial thresholds were raised in 2023:

• Main applicant: €50,000 per year, sourced from abroad.
• Spouse: additional €15,000.
• Each dependent child: additional €10,000.

Parents and in-laws are no longer recognised as dependents. Annual proof of income must now be submitted to maintain the residency permit.

Compliance and Supporting Conditions

• The applicant cannot take up salaried employment in Cyprus, although directorships and business ownership are allowed.
• A suitable residence in Cyprus must be maintained, whether purchased or rented.
• A visit to Cyprus is required at least once every two years.
• Supporting documentation includes a clean criminal record, a valid passport, family certificates, CV, proof of income and funds, and health insurance for all covered members.

Why This Program Appeals to HNWIs

• Cost efficiency: Indefinite residency without the expense or complexity of citizenship routes.
• Flexibility: Investors can align their residency with real estate holdings, corporate interests, or fund strategies.
• Clarity: Requirements are straightforward and relatively easy to maintain.
• Tax benefits: Cyprus combines a 12.5% corporate tax rate with the Non-Dom regime, creating a favourable environment for international families and entrepreneurs.

Schengen Prospects in 2026

Cyprus has announced its intention to join the Schengen Zone by 2026, with technical preparations expected to be completed by the end of 2025. While final approval from the EU is still pending, entry into Schengen would significantly increase the program’s value by allowing residents to travel more freely across much of Europe.

For investors, the potential benefits include:

• Cyprus residency that may also grant Schengen mobility.

• Greater convenience for family, business, and education travel.

• Closer integration with European financial and lifestyle opportunit

Conclusion and Next Steps

The Cyprus Permanent Residency by Investment program continues to stand out as one of the most practical residency routes in the European Union. The 2023 updates brought modernisation and flexibility, and with Schengen access expected in 2026, the value proposition has never been stronger.

If you are considering Cyprus residency, it makes sense to begin preparing now. Our team can help you identify the right investment option, assemble the necessary documentation, and handle the process with discretion and precision.