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Greece Golden Visa versus Cyprus Permanent Residence

Both give a foothold in the Mediterranean, but they work differently. Greece issues a renewable residence permit with tiered investment thresholds. Cyprus grants permanent residence from a set investment level.

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Reference
Official authorityGreece: Ministry of Migration and Asylum. Cyprus: Civil Registry and Migration Department
ProgrammeGreece Golden Visa or Cyprus Permanent Residence
Information current as ofJune 2026
Official source →

Information, not advice. Figures are indicative and current as of June 2026. Always confirm the present rules with the official program authority and a licensed professional before you act.

Written by Morten Andersen and reviewed by Fredrik Filipsson of the Passports for Kings editorial team. Last reviewed 21 June 2026.
Greece raised its property thresholds to 800,000 euro in high demand areas and 400,000 euro elsewhere, with some lower options for specific cases. Cyprus permanent residence has stayed broadly stable.

At a glance

Greece grants a renewable residence permit to investors. The headline route is property, now priced in tiers, with certain other qualifying options. The permit allows you to live in Greece, with citizenship possible only much later through naturalisation.

Cyprus grants permanent residence, which does not expire in the same way as a temporary permit, from a set property or other qualifying investment plus a proven annual income. It is residence, not citizenship.

Cost

Greece property thresholds are 800,000 euro in high demand areas such as Athens, Thessaloniki and popular islands, and 400,000 euro in other areas. Specific routes, such as converting commercial property to residential or restoring listed buildings, and a startup option, can sit lower. Confirm the figure for your case with the ministry.

Cyprus requires a qualifying investment from 300,000 euro in new property, company shares or funds, plus evidence of a secure annual income. Confirm the current income level and fees with the Civil Registry and Migration Department.

Timeline

Greece processing can take several months and varies with demand, so confirm current times with the ministry.

Cyprus advertises a relatively quick route to permanent residence, often a number of months, but confirm current processing times with the department.

Passport reach

Both are residence routes, not passports. A passport would come only later, through naturalisation, with its own residence, language and other conditions in each country.

Residents of either can travel within the Schengen area under the usual short stay rules. Check current rules before you travel.

Who each suits

Greece suits a buyer who wants a renewable EU residence with a property anchor and is comfortable with the tiered pricing by location.

Cyprus suits someone who values permanent residence status and a relatively fast, stable process, and who can show the required ongoing income.

ItemGreece Golden VisaCyprus Permanent Residence
OutcomeRenewable residence permitPermanent residence
Headline investmentProperty 800,000 euro high demand or 400,000 euro other; some lower routesFrom 300,000 euro in property, shares or funds
Income testConfirm with the ministryProven annual income required; confirm the level
Path to citizenshipLater, via naturalisationLater, via naturalisation
Official authorityMinistry of Migration and AsylumCivil Registry and Migration Department

Figures are indicative and current as of June 2026. Greece: Ministry of Migration and Asylum. Cyprus: Civil Registry and Migration Department publishes the binding detail. Verify before you act.

Common questions

Does either route give a passport straight away?

No. Both are residence routes. Citizenship would come only later through naturalisation, with its own conditions. Confirm the rules with each official authority.

What is the cheapest way into the Greece Golden Visa?

Beyond the 800,000 and 400,000 euro property tiers, certain routes such as commercial to residential conversion, restoration of listed buildings or a startup option can sit lower. Confirm eligibility and the figure with the ministry.

Is Cyprus permanent residence really permanent?

It is granted as permanent status rather than a short permit, but conditions and document renewals apply. Confirm the current terms with the Civil Registry and Migration Department.

Information, not advice. Figures are indicative and current as of June 2026. Always confirm the present rules with the official program authority and a licensed professional before you act.

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