The most popular of these is the Cypriot Residence Permit for Non-EU Citizens. Regulation 6 (2) Permanent Residency Permit grants a Non-EU national the right to permanently reside in Cyprus with no renewal requirements; Lifts traveling restrictions and elaborate visa requirements (i.e. The incredible diversity and endless opportunities have attracted people for centuries. It is also known as a Cyprus immigration permit or unlimited residency. Prior to travelling to Cyprus and obtaining the residence permit, you must also get a Cyprus work permit and work visa. Certificate of police clearance, issued from your country of residence within the past six months. In order for you to be entitled to such a temporary residence visit, you need to fall into one of the following two categories: VISA/TEMPORARY RESIDENCE PERMIT REQULATIONS FOR NON-EU STUDENTS . You do not need to have a work or residence permit to start working and you do not have to undergo the usual application procedure for a residence permit (in other words, your application is not at risk of being rejected). 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 the country. This permit is based on the level of foreign income available to support this person and can include pensions and income from investments. Cyprus Residence Permit by Investment for non EU Cyprus offers an accelerated procedure for the granting of Cyprus Permanent Residence Permits through investment, thus making Cyprus as an ideal destination or non-EU nationals wishing to acquire a permanent residence in a European country. You should visit the website of the Civil Registry and Migration Department to look about their contact information and make an appointment. In the EU, check with your host country’s authorities as soon as possible if it is mandatory to apply for a new residence status. EU/EEA Nationals: Under the EU principles of freedom of movement, EU/EEA Nationals are free to work in Cyprus without a work / residence permit. In case you plan to live in Cyprus on more or less permanent basis you should apply for a residence permit. In order to obtain a retirement permit in Cyprus, you’ll need to apply for a Category F form of residency, according to the Regulation 5 of the Aliens and Immigration Regulations.This temporary residency is offered to non-EU citizens who have enough accessible income or capital to provide a decent living in Cyprus without having to work overseas in the country. citizen, but have purchased property in Cyprus and are retiring in Cyprus, they must apply for a residents permit. Since June 2014 Cyprus accepts a valid Schengen Visa (category C, double or multiple entry) equivalent to its national visa for transit through or intended stay on its territory not exceeding 90 days in any 180-day period. How to apply for a Cyprus Residence Permit? You can live on a temporary residence permit. Close to their expiry, applications for renewal must be prepared and submitted to the Civil Registry and Migration Department. Temporary Residence Permit: For applying for this type of residence permit the applicant shall need to have an account in the Cyprus bank and purchase-sale contract of real estate in the Republic. You must have a work contract that’s either open-duration or for a minimum of 18 months. There are no restrictions for the EU citizens. Employment by companies owned by Cyprus or other EU nationals is subject to very restrictive regulations. CYPRUS PERMANENT RESIDENCE - RESIDENCE PERMIT - IN 2021 Cyprus Residence Permit - Background Cyprus is a tranquil island strategically located in the heart of Europe but at the crossroads of three continents - Europe, Asia and Africa. This type of permit can be issued for a period of 1 to 4 years (with a limitation of absence period not more than 4 months). I want to move to the UK/EU. Permanent residence permit in Russian is often called permanent residence permit or permanent residence permit in Cyprus, i.e. According to the law, a non-resident of Cyprus, who owns property in Cyprus has the right for a residence permit. Necessary documents required when applying for a … You may bring dependent children from 18 to 25 years old, provided that they, Prove you do not intend to take up paid employment in Cyprus, You must enter Cyprus at least every two years to maintain your status as a Permanent Resident, Access to employment and self-employment opportunities, without restrictions, Access to freedom of movement within the EU territory, Access to Social assistance and Social protection, The Civil Registry and Migration Department, if you will be living in the Nicosia District, At a District Immigration Unit, if you will be living in another District, For family reunification: within nine months, For permanent residency: within twelve months (two months via the fast-track option), You lived in Cyprus continually for the year immediately preceding the application. The said residence permit is issued within six months from the date of application and the submission of the required documents by the applicant (please note that a fine is imposed in case of non-compliance). Work and residence for Non EU investors in Cyprus. Non-EU citizens who wish to extent their stay in the Republic of Cyprus to more than 90 days may apply under the category of Temporary Residence Permit, known as “Pink Slip”. To be eligible, third-country nationals must have lived in the EU country where they apply, for … Examination and processing of applications takes around 2-3 months. You must apply for a Residence Permit renewal at least one month before it expires. IPC EU MIGRATION SERVICES, a subsidiary of IPC International Group (IPC), specialize in offering Investments for non-EU Nationals including, EU Permanent Residency Permits and Immediate EU Citizenship Programs in Cyprus, Greece, Spain, Portugal, United Kingdom and Other Countries. EU nationals: right of residency (5%) Create a long-term deposit in a Cypriot bank of €30,000 which will be pledged for at least a five year period. The investment criteria come into play only when you wish to employee non EU personnel for your Cypriot company. See below the procedures for obtaining permanent and temporary residence permits. Thankfully Cyprus has a number of schemes designed to cater to foreign nationals looking to reside and work in the country. Germany (23%), Italy (18%), France (14%), Spain (13%) and the United Kingdom (8%) accounted for three quarters of all valid residence permits granted to non-EU citizens. 3. This Permit is granted for an indefinite duration to non-EU nationals who comply with the requirements of applying under each Category. Capital Gains derived from the sales of shares are tax-exempt, those from immovable property may be taxed at a 20% rate. B. There are two types of residence permits for Cyprus: The Temporary Residence Permit for Cyprus is usually issued for one of the following reasons: The residence permit is usually issued for 1 year and is renewable annually. They should apply before their current visa expires. There are no restrictions for the EU citizens. Permanent Residency for Non-EU Citizens or Nationals. Non-EU nationals may have the right to work in an EU country or the right to be treated equally with EU nationals as regards conditions of work. our lawyer arranges the permanent residency permit, for non EU residents. Applicants must have in place an Employment Contract with a Cyprus registered international company, providing for an annual salary of over €20,504. The most popular of these is the Cypriot Residence Permit for Non-EU Citizens. by Alex Constantine. 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