In fact, for permanent residence in Cyprus it is not necessary to obtain a permanent residence permit. In order to obtain a residence permit, you should only fill out an application form at the Immigration Service. Persons who intend to work as self employed in a profession or science in the Republic of Cyprus, provided that they have academic or professional qualifications, for which there is demand in Cyprus. After 5 years, the investor gets the right to sell the property item, and buy another property worth minimum of € 500,000. If the person acquires a residence abroad or is absent from Cyprus for a period of two years. Possession of adequate funds is also necessary. Persons who intend to work as self employed in mining enterprises in the Republic of Cyprus, provided that they have in their possession a relative permit, they have fully and freely at their disposal capital of CY�200,000 and such an employment should not negatively affect the general economy of the Republic of Cyprus. Thanks to that, moving to Cyprus is relatively stress-free for both the EU residents and visitors from non-EU countries. The acquisition of a property of a value of €300,000 accelerates the process of obtaining a residence permit. These Permits are usually issued for a period of 1-2 years but become void if the holder is out of Cyprus for more than three continuous months. Cyprus residence and work permit for EU citizens. In all instances the criteria differ and information is available from the Civil Registry and Migration Department. The Civil Registry and Migration Department have details on how to apply for an identity card. Cyprus Permanent Residence Permit. Cyprus temporary residence permit overview. Applications for Category F which are the most usual should be accompanied by the original documents regarding the income of the applicants. Program. Buying property in Cyprus allows the buyer to easily obtain a permanent residence permit. Residence permits for Cyprus [M61] - Forms for General Employment residence permit [M61] - Forms for Domestic Worker's Residence entry and working permit [M61] - Application for the renewal of temporary resident's permit; Forms for residence permit of third country national married with Cypriot Long term residence status (Green Card) Beneficiaries: Third-country nationals (including family members of European Union citizens not covered by the Right of Union Citizens and their Family Members to Move and Reside Freely within the Territory of the Republic Law No. Information for the EU member states nationals. Financial terms. Residence permit in Cyprus by buying property. Since 23 August 2012, to visit Cyprus at least once every two years is sufficient to maintain the validity of the license. Persons who have been offered permanent employment in the Republic, which will not create undue local competition. North Cyprus Residence Permit – Latest Information. For more information those interested may communicate with the telephone 22804502 and fax 22804587. Citizens from other EU countries who have been resident in Cyprus for at least five uninterrupted years are eligible to apply for a Permanent Registration Certificate. The Permanent Residence Card for non-EU family members is valid for 10 years and is renewable. An application for a Permanent Residence Card must be submitted within one month of the Residence Card's expiry. Application forms can be downloaded by selecting a category from the. In fact, the legal aspects of the immigration procedures in Cyprus are straightforward and you can complete the process of obtaining a residency in a short time. ... if you are resident in Cyprus and have not yet got your Yellow Card, please get the ball rolling NOW and get yourself and all the necessary paperwork down to the Immigration Office in Deryneia. Contact us to learn more and/or to get your free consultation. This grants a Cypriot passport and citizenship of an EU country, allowing the freedom to work, travel, study and live anywhere within the EU including countries such as Germany, France and the UK. Information for obtaining visas for the Republic of Cyprus. intention of not being employed in Cyprus. Most applicants come under this Category, the majority of them being pensioners or retired persons. ELIGIBILITY REQUIREMENTS Main applicant in good standing Residential property €300,000 as ‘first time’ sale Secured annual income of €30,000 Visit Cyprus once every 2 years A 3 year fixed deposit Residence Card of €30,000 Non-EU € + + + + = Residence d € 1 3 YEAR Permanent Residence Cyprus (P.R.) Cyprus – A Streamlined P.R. Persons who possess and have fully and freely at their disposal a secured annual income, high enough to give them a decent living in Cyprus, without having to engage in any business, trade or profession. A Cyprus resident need not wait five years before applying for permanent residence if they have been employed or self-employed on a permanent basis for a fixed period of time. Cyprus is about to join the Schengen zone, which will give permanent residents unrestricted travel within most of Europe. One of these properties is used as the main residence and its cost is not less than € 500,000. Other types of permanent residency in Cyprus. Evidence of income or financial self-sufficency, including bank statements from a bank in Cyprus showing average balance or pension payments, where appropriate. If there is an intention to stay for more than three months (and / or take up employment), then they have to: You can only compare 4 properties, any new property added will replace the first one from the comparison. North Cyprus Visa – Visitor and residency visa update. Having an MEU1 or MEU3 without contributing to Social Insurance does not entitle you to apply for a Cyprus issued EHIC card. To enter Cyprus, a passport valid for three months from the date of return (non-EU visitors) or for the duration of stay (EU visitors) is required, except for (1) EU nationals who hold a valid national ID card, provided there is a photograph. In addition to this, a Cyprus tax resident is exempt from tax on gains on disposable of securities. People who aren't EEA citizen family members but have a residence permit in the EEA for other reasons will get a similar Residence card. If I have an MEU1 or MEU3 residence document can I apply for a Cyprus issued EHIC card? Find out how to apply for permanent residence in Cyprus... Citizens from other EU countries who have been resident in Cyprus for at least five uninterrupted years are eligible to apply for a Permanent Registration Certificate.Non-EU citizen family members of an EU citizen may apply for a Permanent Residence Card, also called a Long Term Residence Permit. Main requirements needed to gain Permanent Residence Permit in Cyprus within 3 months:. Applicants who are abroad may submit an application directly to Cyprus, as stated above or through the local Consular Authorities of the Republic of Cyprus. Also, his family members, spouse, and children (under 18 years old), can get the pink slip as dependants. Temporary Residence Permit (Pink Slip) - Student Visa. Application for a Cyprus Permanent Residency Permit (PRP) can be the first step towards gaining Cyprus Citizenship; If a Cyprus tax resident, the PRP holder is exempt from tax on worldwide dividends and interest income for a period of 17 years. Pink Slip in Cyprus is valid for 1 year and can be renewed on an annual basis. Therefore, if an individual is physically present in Cyprus for more than 183 days in a tax year, s/he will be You can apply for a Cyprus issued EHIC card only if you are contributing to the Cyprus Social Insurance Scheme. Cyprus is very popular among Russian buyers of second home or clients seeking alternative residence. Compare. Australian visitors should make sure their passports are valid for at least six months after their intended return date to Australia. Cyprus is unique in its offering of citizenship within just 6 months of such an investment. 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