Is a Residence Permit Granted to Those Who Buy a House in Cyprus?

Cyprus, the jewel of the Eastern Mediterranean, is attracting more and more attention every day from those who wish to live in harmony with nature. As the number of people wishing to move to or live in Cyprus increases, so does the number of foreign nationals looking to purchase a home there. This increase has raised the question: “Is a residence permit granted to those who buy a home in Cyprus?” Yes, owning a home in Cyprus provides significant advantages when applying for a residence permit.

Residence permits in the TRNC can be granted in various forms. Different conditions apply depending on the type of residence permit you wish to obtain. After the title deed transfer of the home you purchase in Cyprus, you will first receive a temporary residence permit and, after a certain period, become eligible for a permanent residence permit.

Types of Residence Permits in the TRNC

Those who come to Northern Cyprus and wish to stay here for more than three months are required to obtain a residence permit. Accordingly, there are two types of residence permits that can be obtained in Northern Cyprus under the applicable conditions. The first is a temporary residence permit, and the second is a permanent residence permit.

Conditions for Obtaining a Temporary Residence Permit in Northern Cyprus

Under TRNC laws, a temporary residence permit in Cyprus is issued for a maximum of one year. For example, if desired, it can be extended for an additional year upon expiration. In this way, those who have obtained a temporary residence permit for five consecutive years may apply for a permanent residence permit at the end of this period. may apply for a permanent residence permit in Cyprus. Purchasing a home in Cyprus grants a residence permit, which leads to a permanent residence permit.

Additionally, the temporary residence permit also serves as a work permit. The following documents are required from those wishing to obtain a temporary residence permit in Cyprus:

Documents Required for a Temporary Residence Permit in Northern Cyprus

  • Temporary residence permit application form
  • Passport copy
  • Residence certificate issued by the local authority of the place where you will reside
  • Documents proving you have sufficient income to support your life in Cyprus
  • Medical report
  • Opening a bank account and maintaining a certain amount of funds in it

Additionally, it is possible to obtain a residence permit by purchasing a home in Cyprus. Certain conditions apply for this as well.

Conditions for Obtaining Permanent Residency in Northern Cyprus

Those eligible for a permanent residence permit in Northern Cyprus are categorized as follows:

  • Those who have obtained a work permit or a business establishment permit
  • Those who purchase a home in the TRNC
  • Children born in the TRNC or those who acquired the right before reaching the age of majority
  • Those eligible through marriage

As can be seen from the above categorization, the right to a residence permit is granted to those who purchase a home in Cyprus; however, this is subject to certain legal requirements.

How to Apply for a Residence Permit by Purchasing a Home in Cyprus?

Individuals wishing to live in Cyprus must first purchase a property here and provide proof of income. Additionally, they must have resided legally and continuously for at least five years. Once the necessary conditions are met, the Directorate of Migration issues a permanent residence permit in the TRNC.

What Are the Conditions for a Residence Permit for Home Buyers in Cyprus?

  • Hold a temporary residence permit, renewable annually for 5 years
  • Having sufficient income to support oneself and one’s family during the period of residence in Northern Cyprus
  • The value of the property for sale in Cyprus must be at least €125,000
  • Not having a contagious disease that poses a risk to public health
  • Not having been convicted of any of the following serious crimes in any country
  • Not having spent more than 80 days abroad each year during the 5-year period the temporary residence permit is valid

Individuals purchasing a home in Northern Cyprus may be granted a temporary residence permit on an annual basis for the first 3 years, and every 2 years thereafter. If the purchased property is held under a shared title deed, only one person may benefit from the residence permit associated with that title deed. If the property is purchased through a contract, at least one-third of the contract price must have been paid. Additionally, if the property is registered in the applicant’s name, the applicant must have a monthly income of at least three times the minimum wage; if the property is purchased under a contract with ongoing payments, the applicant must have an income of at least three times the minimum wage per month in addition to the monthly installment amount specified in the contract.

The conditions for obtaining a residence permit by purchasing a home in Cyprus are relatively straightforward compared to many other countries. If you wish to live in the TRNC and obtain a residence permit by purchasing a home here, you can contact us via the contact button at the bottom of the page.