Serene Cyprus Apartments

Nestled in a tranquil area within the Ayia Napa municipality, Cyprus, this residential project combines modern living with sustainability and convenience. The development is rated as Energy Efficient A, ensuring reduced energy consumption, lower utility costs, and a more environmentally friendly lifestyle. The project comprises 16 meticulously designed apartments, including 14 two-bedroom units and two spacious three-bedroom units. The ground floor provides ample parking spaces and dedicated storage rooms for each apartment. 

Eight apartments, including the two premium three-bedroom units, are located on the first floor, with the remaining eight two-bedroom apartments on the second floor. Each apartment features an open-plan layout seamlessly blending the kitchen, living, and dining areas. The location offers an exceptional balance between serenity and accessibility, being a short drive from Ayia Napa's vibrant center and Protaras' picturesque coastal area, with everyday amenities nearby. Property features include balcony, built-in soft-close wardrobes, covered veranda, double glazing, lift, parking, solar panels, and storage room.

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.