Permanent Residency

Cyprus Permanent Residency

The Ministry of Interior has recently simplified the procedure for obtaining the Permanent Residency permit. The Category F6(2) Immigration Permit, gives to Non-EU nationals, the right to permanently reside in Cyprus.

Reasons to apply

Valid for life
It covers the entire family
The Permit can be issued within 2 months from the date of successful application filing
Cyprus tax residents are exempted from tax on gains on disposable of securities
Visa free access to some EU member states, including Germany, France, Italy, Luxemburg and the Netherlands (“mini Schengen”)

Financial Criteria

Purchase of residential property (first time sale) in Cyprus of minimum €300.000 (non incl. of VAT). The minimum amount of €200.000 must be settled before the filing of the permit application
Keep a three year fixed deposit account with a Cyprus bank for an amount at least €30,000. This amount must be originated from abroad
Provide confirmation of secured annual income of at least €30,000, originating from abroad (increased by €5,000 for each dependent included in the application, and €8,000 for each parent of the main applicant and/or spouse)

Key Benefits

The 5th best relocation destination in the world (source: 2014 report prepared by Knight Frank, a leading independent, global real estate consultancy firm)
320 days of sunshine a year and is classified as the sunniest European location
High standards of Education and access to many leading private schools, public schools and Universities in Cyprus and Europe
Strategic geographic location between the three continents of Europe, Africa and Asia
One of the safest countries in Europe with lowest crime rates and relaxed lifestyle
Legal system based on English common law
English language is widely spoken and the accepted language for business
Excellent telecommunication and air travel connections

Cyprus Permanent Residency

Reasons to apply

Financial Criteria

Key Benefits

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