Cyprus residency.

The minimum investment is €300,000 plus VAT in qualifying new residential property. A reduced VAT rate may apply only where the property qualifies as the applicant's primary and permanent residence and the current tax conditions are met. Independent Cyprus tax advice is required.

Yes. Applications can be submitted regardless of the construction stage, provided at least €200,000 plus VAT has already been paid toward the purchase.

The main applicant can include their spouse, children under 18, unmarried children aged 18 to 25 who are full-time students and financially dependent, and children with physical or mental disabilities regardless of age. Parents and parents-in-law of the main applicant are no longer eligible for inclusion.

Applicants must demonstrate a secure annual income from abroad of at least €50,000 for the main applicant, plus an additional €15,000 if a spouse is included, and €10,000 for each dependent child included in the application.

There is no day-to-day residency requirement, but permit holders must visit Cyprus at least once every two years, retain the qualifying investment for as long as they hold the permit, and provide annual proof of income and investment maintenance.

Not at present. Cyprus is an EU member but not yet a full member of the Schengen Area, so a Cypriot residence permit does not provide Schengen travel or residence rights. This may change if Cyprus completes its Schengen accession.

The program is designed as a fast-track route, typically taking 6 to 8 months from application to approval.

The residence permit does not provide direct citizenship. A holder may later qualify under Cyprus's separate naturalisation rules only after meeting the applicable period of genuine legal residence, physical-presence, language, integration, character and other requirements in force at the time.