GENERAL REQUIREMENTS AND CONDITIONS.
At the moment of submission of the application to the immigration office an amount of EUR 200 000 (excluding VAT) must be paid upfront in favour of covering the cost of the property (ies) and the contract of purchase of real estate must be registered at the Land Registry Authority.
The unique difference of Cyprus residency from other jurisdictions is that it is granted without expiry date, valid throughout life and is not limited to a certain timeframe as in other European countries.