Modern Cyprus Residences

This exclusive development consists of 10 thoughtfully designed, energy-efficient residences, each with an impressive Energy Efficiency Class A certification. The two-story homes blend contemporary design with practicality. On the ground floor, an open-plan layout connects the living area, dining space, and a modern kitchen, along with a convenient guest WC. The upper floor features three generously sized bedrooms, including a master with its own en-suite bathroom, and two additional bedrooms served by a shared bathroom. Each residence comes with a private parking space and provisions for central heating, air conditioning, and a photovoltaic system.

The project is set in a tranquil area within the municipality of Ayia Napa, Famagusta, Cyprus. It offers a perfect escape from urban life, yet is strategically positioned just a short drive from the vibrant centers of Ayia Napa and Protaras, providing easy access to attractions, dining, and entertainment options. Everyday amenities are conveniently located nearby, including restaurants (750m), shops (600m), and the beach (6km). The property is also eligible for the Cyprus Permanent Residency Programme – Category F.

Frequently Asked Questions About Buying Property in Cyprus

What Property Qualifies for Cyprus Permanent Residency in 2026?

Only new residential property purchased directly from a developer qualifies for Cyprus permanent residency by investment. The minimum purchase price is €300,000 (excl. VAT). Secondary market (resale) properties do not qualify. The 5% reduced VAT rate applies to the first €350,000 of purchase price for qualifying buyers, effectively reducing the total investment cost.

Can I Buy a Resale Property for Cyprus Permanent Residency?

No. Cyprus permanent residency by investment requires purchasing a new property directly from a developer — resale or secondary market properties do not qualify for the programme. If you are interested in a resale property, Mirabello Consultancy can advise on alternative Cyprus residency routes that may be available based on your income and circumstances.

What Is the Cyprus Non-Dom Tax Regime for Property Investors?

Cyprus's non-domicile (non-dom) regime exempts qualifying residents from tax on dividend income, interest income, and capital gains on overseas assets for a period of 17 years. No inheritance tax applies in Cyprus. The 60-day tax residency rule allows full Cyprus tax residency by spending just 60 days per year in Cyprus. This makes Cyprus one of the most tax-efficient EU jurisdictions for property investors.

Is Cyprus in the Schengen Area?

Not yet. Cyprus is an EU member state but has not yet joined the Schengen Area. This means Cyprus permanent residency cardholders cannot freely enter the Schengen Area without a separate Schengen visa. Cyprus is expected to join Schengen in the coming years. For investors requiring immediate Schengen access, Greece (Golden Visa from €250,000), Malta (MPRP), or Portugal (from €250,000) are alternative EU options.

How Long Must I Keep My Cyprus Investment Property?

Cyprus permanent residency property must be retained throughout your residency. Selling the property without reinvesting in another qualifying property would affect your residency status. Most investors maintain the property for the 8 years required to qualify for Cypriot citizenship, after which the property requirement no longer applies to citizenship retention.

How Do I Start the Cyprus Permanent Residency Process With Mirabello?

Contact Mirabello Consultancy for a free, no-obligation consultation. Our Swiss-based investment migration experts will identify qualifying new-build properties in Cyprus, guide you through due diligence and legal requirements, and submit your application to the Civil Registry and Migration Department. With 350+ Golden Visa/residency cases and a 99% approval rate, we ensure the smoothest possible process from investment to residency card.