Cyprus Immigration Regulations for Permanent Residence Permit - Category “F”
New accelerated procedure which was presented by
Cyprus government, allows to grant Cyprus permanent residence permit-Category “F”
for non EU nationals who own
or bought a local property of a minimum market value of €300.000 or more and have successfully met all
conditions of this category.
Cyprus - Relocation
& Residency Easier Than Before:
Cyprus
is regarded as one of the safest and sunniest places for relocation in Europe.
It is the perfect spot for both European and non-European
nationals to settle for a high-quality
lifestyle and enjoy all benefits within EU.
The
conditions and formalities of the immigration programs in Cyprus has been improved
and adjusted, by making the procedure of issuing Cyprus permanent residence
permit or Citizenship faster and easier for non-EU citizens. These new programs
have already been put into practice with a remarkable success and have drawn
the great interest from a large number of non-European investors,
who have also grabbed on the opportunity to use Cyprus as their new permanent
home and business base. Besides providing free access to Cyprus market, these
programs give the applicants a chance for growing and maintaining their trade
activities in the entire European Market by making the most of the Cyprus’s tax
system.
Immigration Permit -
Category “F”:
Permanent
residence permit- category “F” can be issued with no right to work in the
country only for third countries nationals who has purchased or owned a property
costs at least €300,000 and able to fulfill all necessary criteria for this
category. The permit can be also granted to the spouses and minor children of
the holder. Approval period and issuing process of a permanent residence permit
might take approximately 1 to 2 months, in comparison to 6 to 9 month that used to be. The permanent
residence permit is valid for a lifetime and in fact, there will be no need for
the applicant to go through the lengthened procedure of renewal a permanent residence
permit every year.
There
are many local property companies undertaking and executing all procedures
related to the permanent residence permit. It is recommended to obtain further
assistance regarding whole process, in order to be sure that all steps are done
accurate.
About the Author:-
This post is written by Chris Michael Property Group, an expert property consulting agency. Our professional lawyers fully aware of all the legal procedures when applying for Cyprus permanent residence permit and can provide the best assistance during the process. Get your consultation by calling on +357 25 313 135.
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