Permanent Residency Permit

Cyprus Citizenship > Permanent Residency Permit

Permanent Residency Permit

  • Category F 6(2) Immigration Permit gives you, a Non-EU national, the right to permanently reside in Cyprus
  • Exempts you from immigration entry procedures (i.e. Visitor’s Visa)
  • Your family can also obtain it (married spouse, children under 18 years old and financially dependent children up to 25 years old)
  • As of February 2016 the parents of the investor and/or of his/her spouse can also obtain Permanent Residence as dependants
TERMS AND CONDITIONS

The Permit is granted for an indefinite duration. Applicants must have:

  • Purchased in Cyprus one or two, new real estate properties with total purchase cost of at least €300.000 (excluding VAT). Properties can be 2 residences, or 1 residence & 1 o ce or 1 residence & 1 shop. At least €200.000 of the purchase cost must be settled
  • A secure and steady annual income transferred on a regular basis from abroad to a bank operating in Cyprus. The income should derive from sources other than employment in Cyprus
  • Funds transferred from abroad and deposited in a Bank operating in Cyprus in a 3-year Fixed Deposit Account
  • Applicants should visit Cyprus at least once every 2 years
  • Confirmation that the applicant does not intent to work or to be engaged in any form of business in Cyprus
  • Clean criminal record from Country of origin Birth Certificate
  • Copy of Passport
  • Medical Insurance Certificate
  • Curriculum Vitae
  • Applications are reviewed by the Civil Registry and Migration Department, while nal approval is granted by the Minister of Interior
  • The processing time is 2 months
OUR SERVICES
  • Consultation on the requirements of the application process
  • Assistance in drafting the relevant required documents
  • Assistance with the legal overview of purchase agreement and/or of relevant documents
  • Assistance with the Real Estate due diligence
  • Assistance with examining tax implications relating to the investment
  • Review of the application documentation to ensure required quality standards
  • Submission of the complete application to the authorities on the client’s behalf
  • Monitoring of the status of the review by the authorities and debriefing the client
  • Acting as a liaison with authorities during the examination of the application
  • Escorting the client and his/her dependants to the Civil Registry and Migration Department