Permanent residence in Cyprus. Category F for non-EU citizens

Permanent residence in Cyprus. Category F for non-EU citizens

According to Regulation 6 (2) of the Aliens and Immigration Regulation, non-EU citizens are eligible for a Category F immigration permit (permanent residence permit) if the following criteria are met:

• The applicant must apply for an immigration permit and then provide proof of ownership (eg title deed or contract of sale of real estate in Cyprus). The market value of the property must be at least EUR 300,000 and the paid amount must be at least EUR 200,000. The purchase agreement must be submitted to the Land Registry Department of the area where the property is located.
• Permanent residence does not entitle the applicant to obtain a work permit. The applicant must have proof of a stable annual income of at least € 30,000 from sources other than work in Cyprus. The required income of € 30,000 can be earned from overseas salaries, dividend payments, contractual awards, pensions, shares, rent, etc. The required minimum annual income is increased by € 5,000 for each dependent.
• The applicant must submit, along with the application, a letter from any bank in Cyprus confirming that he/she has a minimum deposit with that bank of € 30,000, which must remain in the account for a minimum of three years. Also, it must be proven that these funds were transferred to Cyprus from abroad.
• The application must be accompanied by a criminal record issued by the relevant authorities of his / her country of origin. The Civil Registry and Migration Department may, at its discretion, reject an applicant in the event that he/she may pose a threat to the public order or security of Cyprus.
• The applicant must also submit a statement that he/she does not intend to work or do business in Cyprus.
  Applicants must visit Cyprus at least once every two years.

  PROCEDURE FOR SUBMISSION AND CONSIDERATION OF THE APPLICATION

• M.67 applications are submitted to the Civil Registry and Migration Department or to the district offices in person or through a legal representative.
• Applications are reviewed by the Civil Registry and Migration Department. After that, they are transferred to the Minister of the Interior for a final decision. Generally, for the purposes of this particular type of immigration permit, personal interviews are not required.
• Once approved, the immigration permit cannot be revoked provided that the applicant visits Cyprus at least once every two years.
  It should be noted that as long as all the criteria are met and there are no additional questions regarding the applicant’s criminal record or threat to public order, applications are considered in a friendly, positive, and collective spirit.
• The application review period does not exceed 2-4 months.

We draw your attention to the fact that this article is for informational purposes only. For more advice, contact us at the contacts listed on the site.