Permanent Resident Cyprus

Immigration Near Me Cyprus

Consider that you desire permanent residency in Cyprus and would like to invest in Cyprus. The standard procedure permits you to apply for permanent residence permits (CategoryF) This scheme can lead you to permanent residence in one year.

To be eligible for this program, you must first purchase or rent property in Cyprus. It does not guarantee that the application will be approved. The higher the financial commitment is, the more likely it becomes to be approved and considered by Cyprus's Civil Registry and Migration Department. This requirement is typically fulfilled by a property purchased at EUR150,000.

Permanent Resident Cyprus

Immigration Advice Cyprus

The property must be purchased for residential use only. It cannot be rented out.

Business Immigration Cyprus

A minimum annual income of EUR10,000 from non-Cypriot sources is required. This includes EUR5,000 for each dependent. Additional payments may be required at discretion of the Civil Registry and Migration Department.

Immigration Consultants Near Me Cyprus

The program does not allow permanent residence. However, you may be able to own a Cypriot firm and receive dividends.

To keep permanent residency, you need to visit the country at a minimum of once every two year. If you fail to do so, your permit could be revoked.

Immigration Solicitors Cyprus

After seven consecutive years of legal residency you may be eligible to apply for citizenship. You might have to prove that you are legally resident in Cyprus and that you have a Cypriot tax residency.