Can Australian citizens get residency in Cyprus by buying property?

Yes. Immigration permit (permanent residence) for investors, Regulation 6(2) fast-track: from €300,000 (about $337k). €300,000 (excl. VAT) in new residential property from a developer, other real estate, a Cyprus company or a Cyprus investment fund, paid in full with funds transferred from abroad; secured annual income of €50,000 +€15,000 spouse +€10,000 per minor child

How long does it take?

Immigration permit (permanent residence) for investors, Regulation 6(2) fast-track: the authorities publish no processing time. The permit runs Not published.

Does it lead to citizenship?

Citizenship possible after about 8 years; the permit is permanent residence from the start.

Cyprus Residency for Australian citizens: Routes, Costs and Rules

For Australian citizens

What is different for Australian citizens.

Australians who are foreign residents when they sell an Australian home generally lose the CGT main residence exemption for disposals from 1 July 2020, apart from narrow life-event exceptions.
Australian Taxation Office, Main residence exemption for foreign residents
Australian citizens can buy residential or lifestyle land in New Zealand without Overseas Investment Office consent, under free trade agreement provisions.
Land Information New Zealand, Buying residential property to live in

1 open route

The routes to living in Cyprus.

Immigration permit (permanent residence) for investors, Regulation 6(2) fast-track

Open73

criteria in force since 2023-05-02

Minimum: €300,000 · about $337k
What counts: €300,000 (excl. VAT) in new residential property from a developer, other real estate, a Cyprus company or a Cyprus investment fund, paid in full with funds transferred from abroad; secured annual income of €50,000 +€15,000 spouse +€10,000 per minor child
Processing: Not published
Permit: Not published
Time you must spend there: no minimum stay; visit Cyprus at least once every 2 years
Path to a passport: Citizenship possible after about 8 years; the permit is permanent residence from the start.
Family: spouse, minor children, dependent adult children who are students; parents/parents-in-law removed in 2023
Tax: Non-dom status: no Special Defence Contribution on dividends and interest; from 2026 it can be extended by up to two further 5-year periods for €250,000 each. Tax residence is possible under the 60-day rule, subject to conditions

Official source · Second source · checked 2026-10-20

Cyprus Investment Programme (citizenship by investment)

Closed

closed 2020-11-01 (abolished by the Council of Ministers on 13 Oct 2020, after the Al Jazeera investigation)

Minimum: €2,000,000 · about $2.24m
What counts: Former route: at least €2m in real estate or other qualifying Cyprus assets plus €150,000 in donations (from May 2019), with the passport issued directly
Processing: Not published
Permit: Not published
Time you must spend there: No rule published
Path to a passport: No set path to permanent residence or citizenship through this route.
Family: Not published
Tax: Not published

· checked 2026-10-20

Residency rules, thresholds and fees change often, sometimes without notice. Everything here is general information, checked on the date shown, not legal, tax or immigration advice: confirm with the official source and a licensed adviser before you act. Continental sells property; we don’t arrange visas or residency.

Short answers

What people ask.

Can Australian citizens get residency in Cyprus by buying property?: Yes. Immigration permit (permanent residence) for investors, Regulation 6(2) fast-track: from €300,000 (about $337k). €300,000 (excl. VAT) in new residential property from a developer, other real estate, a Cyprus company or a Cyprus investment fund, paid in full with funds transferred from abroad; secured annual income of €50,000 +€15,000 spouse +€10,000 per minor child
Is the Cyprus golden visa still available?: Cyprus Investment Programme (citizenship by investment) is closed (closed 2020-11-01 (abolished by the Council of Ministers on 13 Oct 2020, after the Al Jazeera investigation)). Open today: Immigration permit (permanent residence) for investors, Regulation 6(2) fast-track.
How long does it take?: Immigration permit (permanent residence) for investors, Regulation 6(2) fast-track: the authorities publish no processing time. The permit runs Not published.
Does it lead to citizenship?: Citizenship possible after about 8 years; the permit is permanent residence from the start.

Read it for your passport

Cyprus residency, passport by passport.

Visa-free stays: Schengen visa list (EU Regulation 2018/1806): British, American and Emirati visitors stay up to 90 days in any 180 without a visa; Saudi, Indian and Chinese visitors need a Schengen visa; Cyprus applies the EU visa list but is not in Schengen. Always confirm with the embassy before you travel.

Where we can help

Our markets, where a home can count.

We don’t sell homes in Cyprus. These are the countries where we do, and where buying one can count towards residency.

The homes: Homes in Thailand · Homes in Malaysia · Homes in the United Arab Emirates · Homes in Saudi Arabia · Homes in Oman · Homes in Spain.

Cyprus residency for Australian citizens.