PERMANENT RESIDENCE IN CYPRUS (Expediated Process)
Category F 6(2) Immigration Permit, gives you a Non-EU national, the right to permanently reside in Cyprus.
Exempts you from immigration entry procedures (ie Visitor’s Visa)
Your family can also obtain it (married spouse, children under 18 years old and financially dependent children up to 25 years old)
As of February 2016 the parents of the investor and/or of his/her spouse can also obtain Permanent Residence as dependants.
The Permit is granted for an indefinite duration.
Applicants must have: purchased in Cyprus one or two, new real estate properties with total purchase cost of at least €300.000 (excluding VAT). Properties can be 2 residences, or 1 residence & 1 office or 1 residence & 1 shop. At least €200.000 of the purchase cost must be settled. A secure and steady annual income transferred on a regular basis from abroad to a bank operating in Cyprus. The income should derive from sources other than employment in Cyprus. Funds transferred from abroad and deposited in a Bank operating in Cyprus in a 3-year Fixed Deposit Account.
Applications are reviewed by the Civil Registry and Migration Department and the Minister of Interior grants final approval.