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Permanent Residence Permit in Cyprus
01 / Prepare
02 / Apply
03 / Settle
In May 2013, the Council of Ministers of the Republic of Cyprus introduced an accelerated procedure for obtaining a permanent residence permit (category F). Foreign citizens who have made major investments in the country's economy can obtain a permanent residence permit (permanent residency) on the basis of paragraph 6 (2) of the Regulation on Foreign Citizens and Immigration.
Investors must fulfill the following requirements:
Purchase of a residential or other type of property in Cyprus, worth EUR 300,000 plus VAT
Stable annual income outside Cyprus
Transfer of funds from a foreign account to a savings account of a Cypriot bank equal to the amount of EUR 30,000.
Advantages of obtaining permanent residence in Cyprus:
Timeframe of approximately 3 months
Applies to all family members, including children under 25 years old and parents on both sides
No obligation to permanently reside in Cyprus
Right to live in the country all year round without leaving it
No renewal requirement; valid for life
Right to own a business in Cyprus (receive dividends and be a tax resident of Cyprus)
Free movement to Bulgaria, Romania and Croatia
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Have questions? We provide free initial consultations in English, Russian and Greek.
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Contact
(+357) 70000122, 25 259400
info@theofanidis.eu
Limassol, Cyprus
