There are several main types of visas in Cyprus:

• Yellow Slip – for EU citizens.

• Pink Slip – for citizens of countries outside the EU who want to stay for a long time.

• PR – Permanent Residency based on investment.

• Work visa – for company owners and professionals.
  Each track has different conditions. For more information on visas in Cyprus

Yes. If the property is new, purchased from a developer, and worth at least €300,000 – you can apply for PR. There are additional conditions, including equity, proof of income, and an annual visit to the island.

Sure. Many investors are purchasing properties in high-demand areas like Paphos, Larnaca and Limassol – to rent out or improve. An investment apartment will not qualify you for a residence permit – but will generate passive income and an annual return of 5%-6%. (Conservatively and on average only)

• New property : Subject to VAT – 19%, or 5% if self-use conditions are met under certain conditions.

• Second-hand property : Exempt from VAT, but subject to a transfer fee of 3%-8%. In most cases, there is a 50% discount.
  For more information on purchase taxation in Cyprus

For foreign buyers – 50%-70% of the property value.
For residents – sometimes up to 80%.
It is necessary to prove income, financial stability, and the property must have a building permit. For the complete guide to mortgages in Cyprus

Yes, a person with only Israeli citizenship may purchase up to 2 properties under his/her own name. After that, he/she must open a company to purchase additional property.

The first step is to figure out how you will make a living and what type of residence visa is right for you – Pink Slip, Yellow Slip or PR. Then you need to worry about schools (if you have children), housing, medical insurance, opening a bank account, and properly planning your taxes with Israel. At Winest Group, we guide you through the process from the beginning.

You are invited to read about the process – Relocation to Cyprus – A Guide for Families and the Self-Employed 2025

Most families who move to Cyprus enroll their children in private schools. There are several private schools in each city, however, you should be aware that there are waiting lists and this does not work according to your request in most cases. You must talk to the schools and come for a tour day and in the period January-April there are tests in English and mathematics.

It all depends on the lifestyle you are looking for:

• Limassol : Upscale, progressive, with nightlife and advanced infrastructure. Called the "Tel Aviv of Cyprus." In general, like another city in the State of Israel. High-tech companies and not dependent on tourism.

• Larnaca : Great for families, close to the airport and with a strong Israeli community. Cheaper prices than Paphos and Limassol.

• Paphos : calm, a sense of freedom, suitable for investment or for those looking for a quiet life.

• We always recommend taking a guided tour with a professional who knows the areas inside out.

  We offer private tours in Larnaca, Paphos and Limassol so you can get to know the cities better. Please contact us to arrange a tour.

📌 Read more about regions in Cyprus

There are three main routes:

1. Opening a regular company (without minimum investment, but also without a work visa)

2. Opening a company as a shareholder who draws dividends

3. Opening a company for the purpose of obtaining a work visa – which includes an investment of approximately €200,000 and hiring employees.
   Read about opening a company in Cyprus – the complete guide.

In this case, you can apply for a work visa in Cyprus for yourself, your spouse and children. The investment must be real – that is, the company must operate, pay salaries and provide services. The advantage? You can live, work and even purchase property and progress to permanent residency tracks in the future.