This is an old revision of the document!
The basic idea is easy enough: a state extends a temporary residence permit to non-citizens who place a minimum sum in housing. The qualifying amount differs greatly across programmes, and legislators revise it more often than buyers expect.
A crucial distinction stands between a residence permit and citizenship. Residency lets you live there, usually with renewals, whereas a passport normally requires far more time and additional conditions. Any offer of nationality in return for a property deal is reason for caution.
Past the headline threshold, programmes impose extra obligations. Common ones include proof of no criminal record, health cover, proof of income and a minimum stay in the country per year. Ignoring one of these can jeopardise the residency even if the property for sale in larnaca is still yours.
Tax residency is an entirely separate matter. Having residency does not by itself make you taxable on worldwide income, but crossing the day-count threshold usually will. Most jurisdictions rely on a residence test based on days, and the consequences extend to foreign income.
A sensible approach is essentially straightforward: choose the property first, and let the permit be the second reason. Programmes are suspended sometimes at short notice, and a home selected purely koper real estate for sale the status proves hard to rent and hard to resell.
