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Address
54, Vasileos Constantinou, Erimoudes Court, 1st Floor, 3075, Limassol, Cyprus
Mail Address
P.O Box 51433, Postal Code 3505, Limassol, Cyprus
Phone
+357 7000 88 00
Fax
+357 7000 88 05
Email Enquiries
info@ataleza.com

Permanent Residency in Cyprus

You are able to download the english version of the permanent residency permit law HERE

 

Ministry of Interior of the Republic of Cyprus - August 2012 - Third Country Permanent Residency Permit accelerated option.

 

According to the provisions of Regulation 6(2) of the Aliens and Immigration Regulations, the Minister of the Interior decided to issue Immigration Permit to applicants, who are third country nationals, provided that they fulfill the following criteria:
The applicant must prove that he has at his disposal a secured minimum annual income of €30.000, from sources other than employment in Cyprus. The required income of €30.000 could derive from salaries of employment abroad and not in Cyprus, pensions, stock shares, rents, etc. The necessary minimum annual income is increased by €5.000 for each dependent person.

 


The applicant must submit the application form accompanied with a Title of ownership or contract of sale, of a property in Cyprus, a house, apartment or other building, of a minimum market value of €300.000 and proof of payment for at least €200,000. The contract of sale should already have been submitted to the Department of Lands and Surveys.
The applicant must submit a confirmation letter from a Cypriot Bank stating that he has deposited a minimum capital of €30.000 in an account, which will be pledged at least for a three year period. It is noted that the amounts mentioned in paragraphs (b) and (c) should be proven to have been transferred to Cyprus from abroad. 

 

The applicant must submit a Criminal Record Certificate (if the applicant resides abroad), which must be issued by the Authorities in his country of origin, and he should not constitute in general any threat against public order or security in Cyprus. The applicant should submit a Statement that he does not intent to work or be engaged in any form of business in Cyprus.The applicants should visit Cyprus at least once every two years.

Extra Documents Required to be attached with the application can be downloaded below:

 

  1. Application Form Μ.67
  2. Check List
  3. Affidavit
  4. Statement to the effect that the Applicant is not employed in Cyprus.

 

 

What are the benefits of getting a PR in Cyprus?

  • You get all the privileges of Cypriot citizens
  • Your children (PR Holders) can study in any European University with lower tuition fees.
  • Your children (PR Holders) can be accepted in Chinese Universities as children of Diaspora and receive lower tuition fees.
  • Travel to a European country (Cyprus) any time you feel like it and not go through all the bureaucracy of the government.
  • Easier to receive a visa for other European countries if you hold the PR of Cyprus.
  • Access to business opportunities for offshore companies in Cyprus and enjoy low taxation while being able to travel anytime to check up on your investment.
  • A holiday home in the most exotic island of Mediterranean Sea.
  • A permanent home to retire and have a lifestyle you always dreamed of.

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