A person can apply to obtain an Immigration Permit on the basis of one of the Categories referred to in Regulation 5 of the Aliens and Immigration Regulations.
An Immigration Permit will not be granted to anybody unless the Immigration Control Committee recommends to the Minister of Interior that such person belongs to one of the following Categories:
Persons who intend to work as self employed in agriculture, cattle breeding, bird breeding or fish culture in the Republic, provided that they have in their possession adequate land or a permit to acquire same, they have fully and freely at their disposal capital of approximately €430,000 and such an employment should not negatively affect the general economy of the Republic.
Persons who intend to work as self employed in mining enterprises in the Republic, provided that they have in their possession a relative permit, they have fully and freely at their disposal capital of approximately €350,000 and such an employment should not negatively affect the general economy of the Republic.
Persons who intend to work as self employed in a trade or profession in the Republic, provided that they have in their possession a relative permit, they have fully and freely at their disposal capital of approximately €260,000 and such an employment should not affect negatively the general economy of the Republic.
Persons who intend to work as self employed in a profession or science in the Republic, provided that they have academic or professional qualifications, for which there is demand in Cyprus. Possession of adequate funds is also necessary.
Persons who have been offered permanent employment in the Republic, which will not create undue local competition.
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 €9568,17 (CY£5,600) for a single applicant and moreover at least €4613,22 (CY£2,700) for every dependent person, but the Immigration Control Board may demand additional amounts as necessary. Most applicants come under this Category, the majority of them being pensioners or retired persons.
An Immigration Permit will be automatically cancelled if the interested person fails to acquire residence in Cyprus within one year from the approval of the application, in case he/she is residing outside Cyprus. It will also be cancelled if he/she acquires permanent residence abroad or be absent from Cyprus for a period of two years.
PERMANENT RESIDECE 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.
*** please note that applications for children over 18 and up to 25 need to be submitted separately.
*** please note that an immigration 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.)
4. 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.
The processing time for this application is three (3) – six (6) months.
Our firm can provide full legal assistance, advice and support during all stages of the above application process. Our firm’s services and legal support includes amongst others: