How to buy property in Cyprus

The investor purchases one or more objects in the primary real estate market from the developer in the amount of 300 thousand euros, excluding VAT.

• The investor has the right to rent out the property
• Real estate can only be purchased directly through the developer company

Real estate can be registered both for an individual and for a company. In this case, the investor or investor and his spouse must own 100% of the shares of the company

• The investor must open an account in a Cypriot bank for three years in the amount of 30 thousand euros. The amount must be transferred from abroad. After three years, the investor has the right to close the account
• The investor has the right to own a business in Cyprus but is prohibited from being employed in Cyprus.
• The investor must not have a criminal record

Mercury Estate specialists take care of the entire process of buying real estate in Cyrpus, from selecting the perfect property to meticulously assembling a comprehensive turnkey document package, all while extending the support to our investors through a wide array of concierge services.

• The investor must confirm the annual income from abroad in the amount of 30 thousand euros. If a spouse, children, parents are included in the application for permanent residence, then the amount increases by 5 thousand euros for each family member and by 8 thousand euros for each of the parents
• Holders of PR-cards may lose their permanent residence status if they receive a residence permit in another state
• The investor and applicants are required to visit Cyprus within a year after the approval of permanent residence in order to obtain a PR card and submit biometric data. Family members included in the application are required to visit Cyprus at least once every two years