The key to Europe — permanent residency in Cyprus: a guide for families looking for a new home
€300,000 in a new-build property • €50,000 annual income for the main applicant • European residency in months • Citizenship after seven years.
Forty minutes' flight from Israel lies one of the most attractive routes to European residency. Cyprus, the sun-drenched Mediterranean island, offers far more than beaches and landscapes — it provides an accessible and relatively fast path to permanent residency in the European Union.
The main road to Europe
Cyprus' permanent residency (PR) route is considered one of the most attractive in Europe today. At its centre is an investment of €300,000 or more in a new property from a developer, plus VAT. The route is aimed particularly at families looking to secure their future in Europe, with an emphasis on tech professionals and independent professionals.
Entry requires an annual income of €50,000 for the main applicant, plus €15,000 for a spouse and a further €10,000 for each child. For an average family these are achievable figures, especially for tech workers and in-demand professionals.
A new life on the sunny island
Life in Cyprus combines European quality of life with a warm Mediterranean atmosphere: high-level international education, advanced healthcare, and a vibrant international community. In the main cities — Limassol, Larnaca and Paphos — you find all the advantages of modern living alongside a family and community feel.
Limassol, the island's tech capital, attracts many young families. Larnaca, with its international airport, offers a more family-oriented feel and more comfortable property prices. Paphos, by contrast, draws a largely British and European older population and offers a quieter, more relaxed atmosphere.
Tax advantages
One of the strongest draws is the attractive tax regime: relatively low rates, 12.5% corporate tax, and a range of benefits for foreign investors. Remote workers can continue working for foreign companies while enjoying the local tax system.
A thriving Israeli community
In recent years a flourishing Israeli community has developed in Cyprus, particularly in Limassol — young families, business people and tech workers, supported by an active Chabad house, kosher restaurants and a wide range of social and cultural activity.
Looking ahead
After seven years of residence on the island, five of them with effective presence, the option opens to apply for Cypriot citizenship — a meaningful opportunity for families planning their future in Europe, with full freedom of movement across the EU.
So how do you start?
The journey begins with choosing the right property — a decision that shapes both your quality of life on the island and the success of the whole process. Nexton specialises in guiding Israeli families to permanent residency, offering an end-to-end solution: finding a property from the company's portfolio that meets every PR criterion, handling the bureaucracy with the authorities, and working with leading local lawyers and accountants. Our support continues after the move, from settling in to getting to know the local community.
