Permanent Residency Category F (NORMAL PROCEDURE)
The Cypriot Law provides the opportunity to apply and become a permanent resident of Cyprus to non- EU citizens who own immovable property in Cyprus and possess and have fully and freely at their disposal a secured annual income arising from abroad (not from Cyprus), high enough to give them a decent living in Cyprus, without having to engage in any form of business, trade, profession or employment.
From our experience at the time of writing this, proofs of an annual income of €30,000 for a couple is usually acceptable, plus another €5,000 for each dependent person but the Immigration Control Board may demand additional amounts as necessary therefore any extra funds deposited in the applicants’ bank account(s) will of course be considered as an extra advantage.
If clients meet the above provisions and plan to move to Cyprus to submit their application, we would advise them to apply and obtain temporary residency for convenience and ease of the applicant and their family, since the normal procedure for the permanent residency takes time.
The applications for permanent residency are usually examined and an answer is provided by the Authorities within 8 – 10 months from the date of submission.
Temporary Residency General Information
Every non EU citizen can apply for temporary residency (“Pink Slip”), which is renewable periodically.
In order to apply to the Immigration Office and obtain the Pink Slip, applicants must open a Bank account with sufficient funds proving that they can support themselves and their dependants.
Temporary residence permits are typically valid for up to 1 year or more. An applicant must apply to renew the permit at least 1 month prior to its expiration at the District Immigration Office. This permit will be cancelled if the applicant leaves Cyprus for 3 consecutive months or more.
After 5 years of temporary residency in the Republic of Cyprus, the temporary permit holder is allowed to apply for permanent residency.
A list of the necessary documents required to support the application for temporary residency at the Immigration Office can be provided.