A Permanent residence permit does not require the holder to renew his residence permit in Cyprus every year, as the name suggests. Furthermore, Schengen countries grant travelling visas with more ease and flexibility once such permit is issued.
The basic requirement is that the Non-EU national applicant should possess a secured and legal annual income high enough to allow him to live decently in Cyprus without the need to work. This income must come from legal sources from abroad. For example, it might come from pensions, permanent deposits, rent, ownership of companies, shares etc.
In addition to the above, if the applicant buys a property/residence in Cyprus and its value exceeds €300,000, the application for a permit Category F would have a better chance to be granted under the decision of the Minister of Interior of the Republic of Cyprus dated on 07.05.2009.
This application may be filed after having purchased the property in Cyprus, either in the absence of the client and prior to the actual moving to Cyprus for permanently residing here, or the family can move to Cyprus and obtain a temporary residence permit whilst in anticipation of the Authorities to grant them the permanent residence following an application made after their arrival in Cyprus.
It should be noted that persons under a permanent residence permit are entitled to apply for Cyprus citizenship if they stay in Cyprus for a total of seven (7) years or for a total of 2555 days. The option of Cyprus citizenship is further explained and analysed hereinbelow.
Required documents for permanent residence permit:
- Filing of application form M.67
- Copy of applicant’s and family member passports (valid for at least 2 years)
- Copy of applicant’s Curriculum Vitae
- Notarized certificate of graduation diploma duly translated in English
- Sales Agreement or Title Deed of the property in Cyprus.
- Certificate of clean criminal record from the applicant’s country of origin.
- Bank statements and certificate from a local bank (Cypriot) evidencing the movement of the account of the applicant. (In the statements should be stated that the moneys came from overseas accounts)
- Sworn declaration that the funds for the family’s maintenance in Cyprus are proven through supporting evidence which accompanied the application of the applicant
- Copy of the applicant’s medical insurance contract (this should cover in-patients, out-patients, repatriation of mortal remains and should be automatically renewable). Such insurance can be provided through our office.
- Marriage certificate duly translated in English, stamped by the Ministry of Foreign Affairs and the Cyprus Embassy or Apostilled.
- Certificate of birth of the children of the applicant duly translated in English and stamped or Apostilled as in no.10 above.
- Two (2) passport photos of each family member.
- Copy of entry permit to be obtained from the Cyprus Embassy of the country of origin