FAQ
A minimum property investment of €300,000 + VAT is required under Cyprus Regulation 6(2). The property must be new / first sale and purchased directly from a developer. At least €200,000 of this amount must be paid before submitting the application.
Processing time is currently between 2 and 6 months, depending on file completeness and due diligence. Once approved, your residency permit is issued for 10 years and automatically renewable.
- The main applicant
- The spouse
- Dependent children up to 25 years old (if unmarried and financially dependent)
❗ Note: Parents and parents-in-law are no longer automatically eligible since the 2023 update but may be considered case-by-case with additional income requirements.
- Main applicant: €50,000 per year
- Spouse: + €15,000
- Each dependent child: + €10,000
Income can come from salaries, pensions, dividends, or other sources from outside Cyprus.
You must visit Cyprus once every two years to maintain your permanent residency status.
No, the PR permit does not allow local employment. However, you can:
- Own and operate a Cyprus-registered business,
- Be a director or shareholder, and
- Receive dividends from your company.
Yes. After 5–8 years of legal residence, PR holders may apply for naturalisation (citizenship) if they meet stay and integration requirements, including basic Greek language proficiency.
- 0% tax on dividends, interest, and most foreign income for 17 years (Non-Domicile rule).
- 12.5% corporate tax (rising to 15% in 2026 – still one of Europe’s lowest).
- 0% inheritance or wealth tax.
- 60-day tax residency rule: you can become a Cyprus tax resident by spending only 60 days in Cyprus per year (if not tax resident elsewhere).
- Villa Views: No VAT or transfer fees (special offer).
- Villa Ridge: 19% VAT applies on new builds; however, a reduced 5% VAT may apply for first-time or main residence buyers under specific conditions.
Yes, Cyprus rental income is taxable at progressive rates (0%–35%) but non-dom owners are exempt from Special Defence Contribution (SDC) on rental income.
Cyprus has no annual property tax (abolished in 2017). You only pay municipal rates (garbage/sewage) and utilities.
Yes. You can sell your property, but to retain your residency, you must replace it with another qualifying investment of €300,000 or more.
Yes. The property can be purchased through a Cyprus-registered company, provided the applicant and/or spouse are the ultimate beneficial owners.
- Permanent Residency (PR): Lifetime permit with 10-year renewable card.
- Temporary Residency (“Pink Slip”): Annual permit primarily for seasonal work or extended stays, not suitable for investment residency.
Yes. PR holders’ children can attend public schools for free, or private international schools offering English curricula.
- Valid passport & clean criminal record
- Sale contract for the property (€300,000+)
- Proof of income & bank statements
- Health insurance for all family members
- Confirmation of payment (€200,000+ from abroad)
Yes, property owners can rent to local or international tenants. This makes Cyprus property ideal for investment income or retirement diversification.
Your residency status may be automatically cancelled and you would need to reapply.
Cyprus uses a Title Deed system similar to the UK, ensuring legal protection of ownership. Leogem International developments are delivered with clear title and full regulatory compliance.
- Over 30 years of proven development excellence in South Africa and Cyprus.
- Energy-efficient, architecturally advanced villas in Limassol’s top suburb.
- Assistance with residency paperwork and tax consultation through local partners.
- Transparent communication, trusted track record, and local presence.
