Cyprus Permanent Residency Cost: 2026 Full Fees & Budget

The cost of obtaining Cyprus Permanent Residency consists of more than the minimum qualifying investment. In addition to investing €300,000 in eligible new residential real estate, applicants should budget for government fees, legal expenses, etc. The total amount will vary depending on the property’s VAT treatment, professional fees and the size of the application.

This guide breaks down every cost associated with the Cyprus Permanent Residency Program, from the initial investment and administrative fees to ongoing expenses and the financial eligibility requirements.

Quick Overview

Cost Category	Single Applicant	Married Couple (2 People)	Family of 4 (Parents + 2 Minor Children)
Minimum qualifying investment	€300,000 + VAT	€300,000 + VAT	€300,000 + VAT
Estimated VAT (property purchase)	5% or 19% (depending on eligibility and property type)	5% or 19% (depending on eligibility and property type)	5% or 19% (depending on eligibility and property type)
Government application fee	€500	€500	€500 *Extra €500 applies to each child above 18
Resident card issuance fee	€70	€140	€280
Estimated total initial cost	€357,620	€357,690	€357,830
Required annual foreign income	€50,000	€65,000	€85,000

1. The Core Investment Requirements

To qualify for Cyprus Permanent Residency, applicants must make a minimum investment of €300,000 (excluding VAT) in one of the qualifying asset categories approved under the program. Eligible options include new residential real estate, commercial property, shares in a qualifying Cyprus company or units in an approved investment fund.

Among these, new residential property purchased directly from a developer remains the most popular choice for international investors. It combines eligibility for the program with ownership of a tangible asset that can preserve capital, generate rental income and benefit from long-term capital appreciation. In addition, many investors value the flexibility of owning a home that can be used for personal stays or future relocation while supporting their residency objectives.

2. Property Purchase Costs and VAT

In addition to the property purchase price, applicants should consider the transaction costs associated with acquiring real estate in Cyprus.

These typically include:

VAT – the standard 19% rate generally applies to the purchase of new residential property. A reduced 5% rate may be available only to applicants purchasing a property as their primary residence and meeting the applicable legal requirements.
Legal fees for conveyancing, due diligence and transaction support.
Administrative and registration costs, where applicable.

Although these expenses represent a relatively small proportion of the overall investment, they should be factored into the total acquisition budget from the outset.

3. Itemised Government Administrative and Legal Fees

Applicants should also budget for the government and professional fees associated with the residency application.

Typical costs include:

Cost Category	Cost
Minimum qualifying investment	From €300,000 (excluding VAT)
VAT (for property purchases)	19% – the standard rate applies to the purchase of new residential property. A reduced 5% rate may be available when purchasing a first home intended as the applicant’s primary residence, subject to the applicable legal requirements. VAT generally does not apply to investments in shares of a qualifying Cyprus company or units in an approved investment fund
Government application fee	€500 for the main applicant and each adult dependant. No fee applies to the spouse or children under 18
Resident card issuance (ARC and biometric residence card)	€70 per person
Land Registry contract submission fee	€50
Bank compliance costs	Approximately €2,000–5,000 per application
Power of Attorney and certification	Approximately €70
Legal fees	Depend on the firm and the complexity of the transaction
Certified translations, notarisation and apostille	Depend on the number of documents and the country of issue
Bank transfer fees	Depend on the bank and the amount transferred

4. Mandatory Foreign Income Proof

In addition to the investment requirement, applicants must demonstrate sufficient annual income from sources outside Cyprus.

The minimum annual income thresholds are:

€50,000 for the main applicant.
An additional €15,000 for a spouse.
An additional €10,000 for each dependent child.

Eligible income may include employment income earned abroad, dividends, rental income, pensions, interest and other lawful recurring income.

Applicants must also provide evidence demonstrating the legal origin of both their investment funds and their income. Supporting documents commonly include bank statements, tax returns, employment or pension records, dividend statements and other financial documentation requested during the Due Diligence process.

5. Ongoing Renewal, Upkeep, and Maintenance Expenses

While Cyprus Permanent Residency is granted on a permanent basis and does not require renewal of the status itself, the residence card must be renewed every 10 years, and the applicable government fee currently includes a €50 card renewal charge [2]. Permanent residents should also budget for the ongoing costs associated with owning and maintaining their property.

These may include:

Building management or communal maintenance fees: typically €50–€250 per month, depending on the development, shared facilities and services.
Property insurance: approximately €200–€600 per year for a standard residential property, depending on its value and coverage.
Municipal charges and utility costs: municipal taxes and charges are generally modest, while utility bills vary depending on occupancy and consumption.
General property maintenance: costs depend on the age, size and condition of the property and any maintenance or repairs required.

How Astons Can Help

Obtaining Cyprus Permanent Residency involves more than purchasing qualifying real estate. Selecting the right property, preparing the required documentation and ensuring compliance with the program are all essential to a successful application.

Astons provides comprehensive support throughout the process, including:

Eligibility assessment and personalised advice.
Access to qualifying new residential developments.
Legal and transaction support during the property purchase.
Preparation and submission of the residency application.
Ongoing assistance until permanent residency is granted.

Contact the Astons team to learn more about the Cyprus Permanent Residency Program and explore qualifying real estate opportunities tailored to your investment goals.