Cyprus real estate | Apartment project
Park Residence
Boutique luxury apartments in Nicosia, the capital of Cyprus, where city living meets peaceful green space
Strategic location and
market potential
Luxury apartments in Nicosia, Cyprus's capital
In the heart of the capital: Nicosia is the administrative, economic, and educational center of the Republic of Cyprus, offering a well-ordered, stable setting for long-term living.
A distinctive architectural design: just 12 spacious 2- and 3-bedroom apartments, designed by renowned architect Michael Cosmas with privacy and luxury in mind.
Qualifies for Cyprus permanent residence: purchased new, directly from the developer, a home here meets the property requirement for a Cyprus permanent residence (PR) application that can include your spouse and dependent children.
A fresh, healthy setting: set within a green oasis, the building balances the energy of the city with quiet privacy.
Amenities and European-standard design
Private living and on-site amenities
- Parking: 1 covered space for 2-bedroom apartments and 2 spaces for 3-bedroom apartments
- EV charging points and solar panels
- Smart home technology
- Video intercom
- Motion-sensor intruder alarm system
- Ground-floor CCTV system
Park Residences Nicosia sets a high standard for city living, pairing modern comforts with fresh, green surroundings.
About
the developer
Cybarco – one of Cyprus's most established property developers
Track record and experience
- More than 80 years of experience
Founded in 1945, Cybarco is a core company of the Lanitis Group, one of the most respected private business groups in the Republic of Cyprus.
- Landmark architecture
The developer behind some of Cyprus's landmark projects, including Limassol Marina, Trilogy Limassol Seafront, The Oval, and Akamas Bay Villas.
- End-to-end service
A commitment to superior build quality, with property management and professional rental support after handover.
Featured projects
Park Residences construction progress
Please contact IMM Group for the latest construction progress, unit availability, and project documents at the time of your consultation.
Owning real estate in the Republic of Cyprus can be more than a potential source of rental income and a way to hold wealth in euros. A home at Park Residences can also open the way to permanent residence in an EU member state for you and your family.
Your pathway to
permanent residence in Cyprus
A qualifying real estate investment
An investment of at least €300,000 (approximately US$342,000) plus VAT in a new property bought directly from the developer.
Prepare your application
The application can include the investor, their spouse, and dependent children. In addition to owning the property, you must show a sufficient annual income.
Become a permanent resident
You only need to visit Cyprus once every 2 years to maintain your status.
Cyprus permanent residence is not the same as Cypriot citizenship, and it does not confer the right to live and work throughout the EU.
Benefits of
Cyprus permanent residence
What Cyprus permanent residence offers
Living in Cyprus
- You and your family can live and study in the Republic of Cyprus, and invest in business there.
- Access to a European standard of living, a Mediterranean climate, and an international community.
Education, business, and tax
- An education system shaped by the British model.
- A transparent business environment; corporate tax of 12.5% (as of August 18, 2026).
- Personal taxation depends on your tax residence status, your sources of income, and the rules in force.
Points to note about permanent residence
- Your rights to work and do business, and your tax treatment, depend on your individual circumstances.
- Cyprus permanent residence is not the same as Cypriot citizenship.
- The right to live and work in other EU countries arises only if the investor holds EU citizenship or a valid residence or work permit in that country.
Pathway to Cypriot citizenship
Hold permanent residence (PR)
The physical permanent residence card is renewed every 5 years, provided you continue to hold the qualifying property.
Meet the residence and language requirements
At least 8 years of physical residence in Cyprus within an 11-year period, Greek at B1 level, and a pass in the official test on Cyprus's contemporary political and social life.
Cypriot (EU) citizenship
Dual citizenship is permitted. A Cypriot passport offers visa-free or visa-on-arrival access to more than 170 destinations.
Speak with an advisor about Park Residences and
the Cyprus permanent residence pathway
Book a consultation
- An IMM Group advisor will contact you to discuss the details and assess the strength of your application.
- Your personal information is kept confidential under IMM Group's Privacy Policy.
Request a consultation
IMM Group is delighted to be of service. Please leave your details below,
and an IMM consultant will contact you with detailed advice and help assess your application’s chances of success.
We are committed to protecting your personal data and will only use it to advise on your family’s application.
