How to get Permanent Residence in Cyprus
Geographically, Cyprus is in close proximity to 3 continents and apart from the obvious appeal as an island in the Mediterranean, it is governed by a Presidential democracy with a stable economy, has low rates and favorable tax incentives for new citizens, and also boasts a low cost of living. Cyprus was ranked as the 5th best country for relocation in the world, by a reputable International Lifestyle review in 2014, hardly surprising as the island has a lot to offer with favorable business and leisure indicators. Due to the massive influx of tourists, most Cypriot citizens speak English fluently, and if you have children the standard of Education is excellent, as is the Healthcare system.
Getting a residence permit in Cyprus is not difficult as long as you follow certain protocol and qualify with the criteria set by the Cypriot government. It is always a good idea to get a company like Cyprus Property Limited to help and guide you with your application. They have advisors who can speak Arabic, Russian and Chinese which will make the whole process a lot easier for you. With Immigration lawyers at both their offices in the UK and Cyprus, you will get the best advice possible and will have your Residency Permit in just a few months.
Once your application is approved by the Immigration Control Board, it is then possible for Minister of Interior to grant a residence visa. Visas will only be granted for work permits if the business that will be carried on does not negatively affect the economy or create undue local competition in the Republic of Cyprus.
Anyone intending to work as a self-employed person in the following trades in the Republic of Cyprus will be granted a visa to live in Cyprus, provided they have a clear police record and all the necessary permits with disposable capital as follows:
Any trade or profession €150,000
Profession or Science for Academics with Professional qualification must have adequate funds
Persons who have been offered permanent employment
Persons with disposable annual income which is deemed high enough to provide a decent standard of living in the Republic of Cyprus and this is subject to the approval of the Immigration Control Board.
Investment of a minimum of €300,000 in a new residential property
Must have a clean Police Record
With Permanent Residency, you will get a residency permit and a Cypriot passport. The permit can be granted within a couple of months for the whole family provided that all the criteria are met. This permit covers the whole family including parents of the main applicant and children up to the age of 25 years. It is valid for life and can be passed on to dependents. The requirements for keeping your Permanent Residence is that all family members visit Cyprus at least once every 2 years. Once obtained this permit will allow all members of the family easy access throughout the European Union.
- High quality Healthcare
- Excellent private and public schools
- Superior telecommunications and travel connections
- Highly trained professionals in service industry
- Lowest crime rate in the EU
- Schengen applicant state