Cyprus enjoys a Mediterranean climate, with abundant sunshine year round. Long dry summers and mild winters are separated by short autumn and spring seasons. Summer is a time of high temperatures with cloudless skies, but the sea breeze creates a pleasant atmosphere in the coastal areas. It’s the best place to invest for your home in Cyprus.
Get a Permanent Residency Permit for Cyprus – (Europe)
The Cyprus Government is giving away Immigration Visas to Join Cyprus and the European Union and to finally become a permanent resident of Cyprus – Europe. In order to achieve this there is immigration policies that need to be met and these policies are set below.
How do I become an EU (Cypriot resident) Resident?
The regulation is that when the Cyprus Immigration approves you for a permanent living permit, then you are automatically allowed to stay in Cyprus permanently for an indefinite period and there is no need to apply for a visa or to reapply for a new Cyprus entry visa. This is the route that we suggest all our valuable clientele to follow if they wish to live permanently in Cyprus.
If you apply for a Cyprus permanent living permit you will have the option to apply for the Cypriot citizenship as well. However to achieve this there are immigration visa policies to adhere to which are set out in detail below.
Furthermore once you have a permanent visa for Cyprus, you are then allowed to apply for Full Cyprus Citizenship after 6 years. Since Cyprus is part of the European Union you would automatically become a European Union Citizen and you are then freely able to further migrate to UK, Germany, Ireland, Spain or any other European Member state Country.
We would suggest you speak to Prosperous Consultants Immigration Visa Specialists in Cyprus who will be able to give you all the advice on how you should proceed.
Background
According to Cyprus Regulation 4 of the Aliens and Cyprus Immigration Regulations, Cap.105, the Cyprus Commission on Control of Immigration examines appliances for concession of certain applications with a report being sent to the Cyprus Ministry of Internal Affairs who is responsible for granting the relevant authorizations. An alien can only have his Immigration Visa Permit granted if and only if the application raises one of the six categories under Regulation 5 [Category F only relevant for this Memo].
An immigration permit that is granted in relation to Category F is equivalent to an approval for permanent residence in Cyprus and provides the holders of such a permit the ability to be excluded from any time-consuming migratory formalities that the other Categories may place on (non EU (European Union) Citizens or non EU Nationals). However, immigrants that have their Immigration Visa Permits approved are compelled according to regulations, if abroad, to come to Cyprus, within one year, for permanent residence from the date in which the Immigrant Permit was granted. Furthermore, if an Immigrant does not live in Cyprus, for almost two years he loses the right for permanent residence in Cyprus.
According to Cyprus Immigration Policy Regulation 8 of the Aliens and Immigration Regulations, Cap.105, dependents of the Immigration Permit Applicant are also considered as permanent residences in Cyprus. Dependents include children under the age of 18 and/or the applicant’s wife.
Requirements for permanent living permits:
- Cyprus Migration Policy Category F relates to people that are third-country nationals which will not be working in Cyprus but will remain in Cyprus as permanent resident. They must have at their disposal a secured annual income of at least €9568.17 euro and a further €4613 euro for every dependent person who may, for example, emanate from pensions, shares or even permanent deposits. This income however must not emanate from any employment or self-employment in Cyprus but only from abroad. The immigration control board may demand additional income.
- A further requirement that is essential for the approval of an Cyprus Immigration Permit Visa by the Minister of Internal Affairs is that third-country nationals must purchase a householder residence for ownership-occupancy in Cyprus worth €300,000 or more [preferably, the property must be written on the name of the Immigration Permit Applicant]. Relevant documents required after forms have been completed:
- Notarised Passport Copy
- If already a resident in Cyprus, a copy of a residence permit is required
- Curriculum Vitae (CV)
- Original documents of Bank Deposits
- Original documents and Affidavit to prove income from other sources other than employment (e.g. income from shares)
- Original documents to prove the purchase of property in Cyprus (the contract is required that also states the price of the property)
- Documents that prove occupation
- Deed that indicates annual turnover and income from applicant’s business
- Utility Bill (for example, electricity bill to prove the country of residence)
- Reference Letter from the bank
- Health Insurance Certificate (Resident in Cyprus)
- Certificate of Clean Criminal Record
- Marriage Certificate (if applicable)