One of the biggest benefits of investing in Northern Cyprus is its cost advantage. The property prices are relatively low compared to other popular destinations. Most Mediterranean countries have sky-high property prices, even higher than the UK or the US. But Northern Cyprus offers more affordable pricing options, particularly the off-plan developments that are on an all time rise this year. Both for first-time buyers or for experienced investors, Northern Cyprus is a hidden gem in the Mediterranean.

The legal aspects of the immigration procedures in Cyprus are straightforward and you can complete the process of obtaining a residency in a short time. Thanks to that, moving to Cyprus is relatively stress-free for both the EU residents and visitors from non-EU countries.

Permanent Residency by the Length of Stay

Those EU and non-EU residents who have continuously legally resided in Cyprus for 5 years can be granted permanent residency.

Permanent Residency by Investment

An individual who invests €300,000 or more (plus VAT) in buying a new house or apartment from a property developer can be granted permanent residency. However, the applicant should also be able to prove having foreign-based income and deposit €30,000 to a bank account in Cyprus.