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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
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SITEMAP

  • Construction + Civil
  • Architecture + Design
  • Permanent Residency
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OFFICES

Limassol Office
100B Agias Sofias, 3066, Cyprus
Phone: +357 25737072

Larnaca Office
Address: 8 Poseidonos, 6047, Cyprus
Phone: +357 24642420
VIRAL for VAZANIAS & VATTIS ©
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