Our firm deals with all matters relating to immigration law, citizenship applications (both through the economic citizenship program and the conventional route), applications for immigration permits, permanent residence permits, employment permits and visas. We advise both individuals and corporate clients
Areas of work include :
- Citizenship applications
- Permanent residence permits
PERMANENT RESIDENCE PERMITS
A. Category F Permit:
Persons who possess and have fully and freely at their disposal a secured annual income, high enough to give them a decent living in Cyprus, without having to engage in any business, trade or profession. The annual income required should be at least EUR 6,460 for a single applicant and moreover at least EUR 3,060 for every dependent person, but the Immigration Control Board may demand additional amounts as necessary.
For a full list of the documents required for the permanent residence application under Category F, please click on the below link:
B. Permanent Resident Permit under Regulation 6(2) “Fast Track”:
The Immigration authorities via this procedure provide permanent resident permit for an indefinite period of time.
The applicant must secure a minimum annual income of €30,000 from sources other than employment in Cyprus, i.e. employment abroad, rents, shares, etc. The income is increased by €5,000 for each dependent person. Relevant duly notarized documentation must be provided.
The applicant must provide a contract of sale submitted to the local authorities or title deed for immovable property in Cyprus with minimum value €300,000 together with proof of payment for 2/3 of the amount.
The applicant must provide a letter issued from a Cypriot bank confirming deposit of a minimum capital of €30,000 pledged for a minimum 3 year period, together with proof of payment of the amount.
The applicant must submit a criminal record certificate issued from his country of origin, duly stamped and notarized
The applicant is allowed to include his wife and children aged under the age of 18, as well as children over 18 under the Reunification Act, as long as a minimum annual amount of €9,500 is secured for each of them
The applicant must submit a statement stating he does not intend to work in any form of business in Cyprus
The applicant must provide copies of valid passport, CV, marriage certificate if any and children’s’ birth certificates if any, duly notarized
The applicant must subscribe to a health insurance policy
The applicant must visit Cyprus at least once every 2 years in order to avoid the cancellation of the immigration permit
In accordance to the provisions of Regulation 6(2) of the Aliens and Immigration Regulations, the Minister of Interior, having notified the Council of Ministers, has decided to issue an Immigration Permit to applicants from third countries, under a new “fast – track” procedure in cases where the conditions listed below are satisfied.
Regulation 6 (2) Immigration Permit, gives third country nationals, the right to permanently reside in Cyprus.
Individuals who obtain Regulation 6(2) Immigration Permit are exempt from immigration entry procedures such as having to apply and obtain Visitor’s Visa.
You can apply and obtain such an Immigration Permit for yourself but also for your spouse, children under 18 years old and also financially dependent children up to 25 years old.
** note applications for children over 18 and up to 25 need to be submitted separately.
**note a permit may also be granted to children of the applicant over the age of 18, who are not financially dependent on the applicant, provided that the value of the property attributed to each such child is at least €300.000 (Euro Three Hundred Thousand) (excluding V.A.T.).
This permit is granted for an indefinite period.
Transfer from abroad funds of at least €30.000 (Euro Thirty Thousand) into a Fixed Deposit Account. The funds must be blocked for three (3) years.
Show that the annual income of the applicant and his spouse (derived from abroad) is at least €30.000. This amount is increase by €5.000 (Euro Five Thousand) for every dependent person.
Purchase property (one (1) or two (2), new real estate properties) of total value at least €300.000 (plus V.A.T.) the properties can be:
(a) two (2) residences, or
(b) one (1) residence and one (1) office
(c) one (1) residence and one (1) shop
Must provide proof of payment of at least €200.000 (excluding V.A.T.) of the purchase price of the property. *** This funds must be proven to be transferred from abroad.
For a full list of the documents required for the permanent residence application under regulation 6(2) please click on the below link: