Prestige Group has a long-standing presence in Cyprus and leads the luxury services game by providing innovative experiences from A to Z including premium business services for clients who wish to invest in or through Cyprus. Our apt knowledge market and extensive partner network, enables us to offer holistic solutions, personalized to each individual case with utmost care.

Requirements for Cyprus permanent residency by investment

The following criteria apply to investors looking for Cyprus residency:

• The investor must buy a new house or apartment or any of the combinations mentioned below, from a development company for the minimum amount of €300.000 plus VAT (VAT is 19% or 5% for the first property bought for own use).
• The investor must register his sales agreement at the Land Registry and pay at least €200.000 plus VAT to be able to apply. The payment must be made in the bank account of the seller in Cyprus, and the money should be transferred from abroad.
  The delivery date does not matter, so properties under construction can be included.
  The property can be bought in the name of a company in which the absolute owner or ultimate beneficiary will be the investor or his/her spouse. The investor may buy up to two properties provided the total sales price is as mentioned above and can be any of the following combinations:
• Two residential properties (houses or apartments)
• Residential property and a shop (up to 100 sq.m)
• Residential property and office (up to 250 sq.m)

If the investor wishes to sell the property, he must replace it with another of the equal or higher value and to follow all the conditions mentioned above.