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.
|Regulation 5, |
Category F (normal procedure)
|Regulation 6(2) |
(Fast Track procedure)
General Information for permanent residency
The depositing of applications for the granting of Migration Permits is done by the submission of the Form Μ.67 to which a number of documents and certificates need to be attached as requested by the relevant Authority. The Applicant can be present at the Migration Office on depositing the application and the Governmental Officer undertakes the first examination of documents in his presence and issues a Reference Number for the Application.
If the applicant wishes to move to Cyprus and deposit the application for permanent residency as above, he has to apply to the District Immigration office and obtain temporary residency (“Pink Slip”), which will allow him to reside in Cyprus until approval for permanent residency is granted. Once the application is deposited with the Authorities, the applicant if a temporary resident of Cyprus will be called for an interview by the Migration Officer in the district they have chosen to reside.
However it is noted that the presence of the applicant at the relevant Authority is not essential. The applicant while abroad is able to nominate and appoint his lawyer to act and submit the application on his behalf.
The M.67 application form should be accompanied by all the original requested certificates and documents. In cases where copies of documents are submitted, those copies should be certified by the relevant Authorities. In certain cases the Governmental Officers who examine an application can certify the authenticity of a copied document provided the Applicant shows them the original document.
Any documents that are translated into Greek or English should be certified at the Ministry of Foreign Affairs of the applicant’s country of origin, the Cyprus Embassy in the applicant’s country of origin or the Embassy of the applicant’s country of origin in Cyprus.
Usually, there is no limit period for the validity of the permanent residency permit. The said permit remains valid provided the applicant will not be absent from Cyprus for a period exceeding 2 consecutive years.
The submission fee for the Migration Applications is €500,00 and is applicable for all applications that are submitted from 1/2/13 and afterwards.
1. Dependents – Family
The term “dependents” refers to the Applicant’s spouse, his children who are under the age of 18 years as well as to the Applicant’s parents if they depend financially, exclusively on the applicant.
The application needs to be submitted in the name of the person who has the income and made the investment in Cyprus and his or her spouse and children under the age of 18 years will be considered as dependents. In cases where both the spouses meet the conditions they can submit separate applications.
Except for the exceptions offered under the fast track procedure which are further analyzed below, in all other cases, adult children over the age of 18 years old should submit their own separate application and must meet all the conditions without any exceptions.
In certain cases where the applicant/ parent has purchased property of a significantly high value then the relevant Authority could examine positively the application of the adult child as dependent, taking into consideration the property’s value as well as the deposits and income of the family.
In any case, it is preferable to follow a separate procedure for every adult child with the purchase of a separate house in his or her name.
Children that had been included in their parents’ permit as dependents and who have become adults but continue to depend on their parents, should submit a new separate application, which will be examined by the Authorities taking into consideration the family circumstances and in such cases it is important to note that the family should have sufficient income.
2. Employment in Cyprus
Every person who applies for permanent residency under any of the below procedures, is not entitled to work or become engaged in any form of business as employee in Cyprus. Details of this restriction will be further explained below.
The Migration Permit is considered to be a permanent residency permit.
The permit will be under the special term that the applicant is obliged to move to Cyprus within 1 year from the date of the permit for residency.
However, annulment of the permit will occur if the holder of such a permit stays outside of the Republic of Cyprus for more than two years as well as in cases where the holder obtains a permanent residency permit in another country. Therefore, the holder of a Migration permit should visit Cyprus at least once every 2 years. The same applies to the dependent members of his family who should also visit Cyprus at least once every 2 years.
Absence of the permit holder from the Republic of Cyprus for a period of more than 2 consecutive years leads to annulment of his permit which also affects his dependents irrespective of whether they visit Cyprus more frequently. In such a case it is necessary for the initial applicant to submit a new application.
In cases where any of the dependents do not visit Cyprus for more than 2 years, his/her permit is annulled but it can be renewed by resealing his/her passport and payment of a specific fee (€50,00).
The two-year period begins from the date of stamping the Applicant’s and dependents’ passports.
Additionally, the Migration Permit could be annulled if the holder of the permit sells the property, based on which the permit was issued. Therefore, the Migration Office will conduct inspections through the Land Registry and Survey Department in order to examine whether the permit holder has sold the property based on the purchase of which he was granted the Migration Permit.
In case where a permit holder gets engaged in any form of business or employment which constitutes breach of the aforementioned restrictions of the law on the issue, then automatically his/her permit is annulled.
Travelling to an EU Member State
In cases where the holder of a Migration Permit wishes to travel to an EU Member State it is necessary to refer to the Embassy of that Member State to be informed as to whether a holder of a Migration Permit issued by the Republic of Cyprus is allowed to travel to that EU Member State without having to obtain a visa.
However, once the permanent residence permit is obtained, it is easier to obtain a visa to travel to other EU countries.
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