Permit - Category F
All you need to know about obtaining a residence permit in Cyprus
is a permit, which grants PERMANENT RESIDENCE WITHOUT RIGHT TO
WORK in the Republic of Cyprus. It concerns NON EU NATIONALS.
permit is also granted to the spouse and minor children (under the
age of 18) of the holder.
The Cyprus government have introduced a new and accelerated procedure
for granting an Immigration Permit to applicants who are third country
nationals and intend to invest in the Republic of Cyprus.
1. According to the provisions of Regulation 6(2) of
the Aliens and Immigration Regulations, the Minister of the Interior
decided to issue an Immigration Permit to applicants, who
are third country nationals, provided that they fulfill the following
(α) 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.
(b) 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.
(c) 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
It is noted that the amounts mentioned in paragraphs (b) and (c) should
be proven to have been transferred to Cyprus from abroad.
(d) 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.
(e) The applicant should submit a Statement that he
does not intend to work or be engaged in any form of business in Cyprus.
(f) The applicants should visit Cyprus at least once
every two years.
It is estimated that when applying for the procedure described above,
the period for the examination of the application, shall not exceed a
period of 1-2 months.
Required Documents / Certificates under Reg. 6(2)
1. Copy of valid passport.
2. Copy of valid temporary residence permit (if the
applicant resides in Cyprus).
3. Curriculum Vitae (including academic
4. Statements of deposits in a Cypriot Bank account,
of a minimum capital of €30.000 (original).
5. Declaration of a secured annual income of a
capital of €30.000 at least, from sources other than employment in
documents and affidavit). The necessary
annual income is increased by €5.000 for each dependent person.
6. Title of ownership or contract of sale of a built
property in Cyprus of a minimum market value of €300.000 (original or
If the title of ownership has not
been obtained yet, the applicant must submit the contract of sale duly
stamped by the
Stamps Commissioner and the
Department of Lands & Surveys and proof of payment for at least
7. Official Statement by the applicant that he/she
does not intent to work or be engaged in any form of business in Cyprus.
8. Health Insurance Policy.
9. Criminal Record Certificate (if the applicant
resides abroad, the certificate must be issued from his country of
submitted with an official and
certified translation into Greek).
10. Marriage Certificate (official and certified
translation) (if applicable).
11. Children’s Birth Certificates (official and certified
translation) (if applicable).
12. Other documents which are submitted with the
for Permanent Residency'
for none employment in Cyprus for permanent residence'
See also Obtaining
Citizenship by Investment
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