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. Thankfully Cyprus has a number of schemes designed to cater to foreign nationals looking to reside and work in the country. 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 If the Cyprus registered international company shall employ a non-EU national for the first time, it must submit an application to become eligible to employ non-EU nationals. However, you must fulfill certain conditions, such as: A Cyprus Permanent Residence Permit allows the holder similar rights to Cypriot citizens, including: You can also get residency in Cyprus if you fall under one of the following categories: You can only receive an Immigration Permit in one of the above-mentioned categories if the Immigration Control Committee recommends to the Minister of Interior that you meet the requirements of one of those categories. An immigration permit is the equivalent to a permanent residence permit in Cyprus. It is also known as a Cyprus immigration permit or unlimited residency. 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. 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. Persons who have fully and freely at their disposal a secure and regular annual income, which is high enough to provide a decent living in Cyprus without having to engage in any business, trade or profession. The most popular of these is the Cypriot Residence Permit for Non-EU Citizens. Residence permit for Cyprus. 3. EU nationals: right of residency Permanent Residency for Non-EU Citizens or Nationals. The holder has access to employment in all international and local companies, and has the right to change employer. Visitor’s Visa) across the EU, facilitating access to the Schengen zone; In case you plan to live in Cyprus on more or less permanent basis you should apply for a residence permit. If you have been in Cyprus for less than 5 years you should apply for an MEU1 (temporary residency permit). by Alex Constantine. Persons who have been offered permanent employment in the country which will not create undue local competition. Permanent Residence Permit. Possession of adequate funds is also necessary. Proof you have the required financial means to sustain yourself in Cyprus, Medical certificate, stating you are negative for Tuberculosis, Hepatitis B and C, HIV/AIDS and syphilis, issued within the past 4 months. The Immigration Permit grants non-EU nationals, as well as their wife/husband and children under 18 years old, the right to permanently reside in the country and travel to Cyprus without immigration entry procedures. Permanent residency by investment is granted to people with sufficient income. The company’s application package consists of a number of corporate documents such as company incorporation, directors’ and ultimate shareholders’ certificates, as well as deposits of funds in banks operating locally. If the application is not approved, they will inform you of the reason. You may obtain a Residency permit for a period from one up to four years. To be eligible, third-country nationals must have lived in the EU country where they apply, for … The year-over-year increase in the total number of first residence permits was mainly driven by … Requirements for Obtaining a Cyprus Work Permit. The application package for the issue of an Immigration Permit under Procedure 6(2), includes (and is not limited to) a number of documents such as title deed or purchase agreement for residential property and receipts of payments, evidence of a secure annual income and bank certificates for deposits etc. Permanent Residency for EU citizens. The application pack must be submitted to the Civil Registry and Migration Department. Does Cyprus law allow wills to be signed…. They can be renewed upon expiry. All companies of foreign interests need to fulfil certain requirements to obtain the approval of the Civil Registry and Migration Department and be able to employ Non-Eu citizens. Non-EU nationals have the option of staying in Cyprus, as visitors, for over 3 months period provided that they have successfully applied for such permit at the Civil Registry and Migration Department of Cyprus. Cyprus Temporary Residence Permit (Pink Slip) usually is issued for the period of 1 year. If your application is approved, they will contact you to go and receive your residence card. Thankfully Cyprus has a number of schemes designed to cater to foreign nationals looking to reside and work in the country. If you choose to apply for Cyprus permanent residency via the fast-track option, your application will be processed within 2 months. The Permanent Residency Card for non-EU family members is valid for 5 years and can be extended. We are specialized in migration, overseas study, business visit, preparing visa application as well as providing the ideal property. They can be renewed upon expiry. Applicants must have in place an Employment Contract with a Cyprus registered international company, providing for an annual salary of over €20,504. For non-EU citizens however, moving to an EU nation can be a more difficult prospect. 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” .The procedure for obtaining this permit is considered as a very simple one and successful applicants may easily renew their permit … (In case self-isolation is required, the preparation of the documents can be done after the quarantine is over) 1. Real estate investors can obtain permanent residency in Cyprus upon meeting specific requirements. The non-EU citizens, should comply with the following procedure: These rights depend on their nationality or their status and are determined by different legal instruments B. Residence permit in Cyprus by buying property. A recommendation for the employment of aliens is made by the Ministry of Labour and Social Insurance after it. 4. 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. To apply for a Temporary Cyprus Residence Permit, you must submit the following documents: The Permanent Residence Permit for Cyprus is valid for up to five years, and can be renewed before it expires. Cyprus has issued the second highest number of first residence permits per 1000 of population at 26%, whilst Greece sits below the EU 7% average at under 5%, according to the latest figures from Eurostat. They should apply before their current visa expires. 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. Main requirements needed to gain Permanent Residence Permit in Cyprus within 3 months:. This permit is based on the level of foreign income available to support this person and can include pensions and income from investments. Cyprus Resident and Immigration Permits are granted according to certain provisions and criteria. In 2019, about 3.0 million first residence permits were issued in the EU to non-EU citizens. The incredible diversity and endless opportunities have attracted people for centuries. 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. Long-term residence permits in Cyprus are valid for five years and can be renewed. Application for issue of Registration certificate of Union citizen and his/her family members also EU citizens - MEU 1A ; Application for issue of Residence card for non-EU citizens family members of Union citizen - MEU 2A different names may be used for one concept. According to Regulation 6(2) of the Aliens and Immigration Regulations, as amended, non-EU nationals are entitled to a Category F Immigration Permit (Permanent Residence Permit) provided that the following criteria are fulfilled: In order for you to be entitled to such a temporary residence visit, you need to fall into one of the following two categories: Capital Gains derived from the sales of shares are tax-exempt, those from immovable property may be taxed at a 20% rate. Retirement Visa. 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. However, this is just a general outline of the processing times, since they may change slightly depending on your specific case – you may receive it earlier or later. Cyprus residence visa. Non-EU family members may also apply for a Permanent Residency Card. Non-EU citizens, who come to Cyprus for long-term purposes, may apply for a Cyprus Temporary Residence Permit, commonly referred to as “Pink Slip”. See below the procedures for obtaining permanent and temporary residence permits. How to apply for a Cyprus Residence Permit? It allows the holder to permanently reside in Cyprus without having to go through immigration procedures such as visas, or the issue and renewal of Temporary Residence Permits. 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. VISA/TEMPORARY RESIDENCE PERMIT REQULATIONS FOR NON-EU STUDENTS . This need means there are … In order to evidence your rights to live, work, study or access benefits in Cyprus after the end of 2020 you need to apply for residency. Employment by companies owned by Cyprus or other EU nationals is subject to very restrictive regulations. Foreign citizens may make an application to obtain an Immigration Permit on the basis of one of the Categories referred to in Regulation 5 … What is the Cypriot Residence Permit For Non-EU Citizens? The above permits are issued within 7-10 working days after application submission. Applications are submitted on the basis of one of the following categories: Persons who intend to work as self employed in a trade or profession in the Republic, provided that they have in their possession a relative permit, they have fully and freely at their disposal the required capital and that such an employment should not affect negatively the general economy of the Republic. Dividends received are usually not subject to taxation. The most popular of these is the Cypriot Residence Permit for Non-EU Citizens. The Cyprus Permanent Residency Program enables non-EU nationals to obtain a Cyprus Residence Permit, with unlimited duration, within 60 days. In fact, for permanent residence in Cyprus it is not necessary to obtain a permanent residence permit. Employment by companies owned by Cyprus or other EU nationals is subject to very restrictive regulations. It does not expire; therefore, the holder does not need to renew it. Note that Denmark, Ireland and the United Kingdom are not part of the EU long-term residency program. The Immigration Permit continues to be valid provided that the holder visits Cyprus at least once every two years. What is the processing time for a Cyprus Residence Permit? 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. 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. If you have dependents (children under 18 and a spouse), you must have an additional annual income of €5,000 a year for each one. The Cyprus residence permit is what allows foreigners to legally live in Cyprus for longer than three months. Work and residence for Non EU investors in Cyprus. We provide residence permit for non-EU. The application package for the issue of the Temporary Employment and Residence Permit includes a number of documents such as a clean criminal record, medical insurance certificate, bank guarantee and medical examination results. In general, for the purposes of this specific type of immigration permit, no personal interviews are required. 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. They should have adequate income from employment or/and other sources to support themselves and their dependants. Prior to travelling to Cyprus and obtaining the residence permit, you must also get a Cyprus work permit and work visa. Residence permit for Cyprus. You can live on a temporary residence permit. different names may be used for one concept. You can live on a temporary residence permit. If you have been in Cyprus for over 5 years you should apply for an MEU3 (permanent residency). These permits are granted on the basis of the following requirements. Applicants should be able to present an employment contract of at least 18 months’ duration. Applicants must have: Applications are reviewed by the Civil Registry and Migration Department and the Minister of Interior grants final approval. They are not allowed to work full-time, and even so, only in certain sectors of employment. Temporary Residence Permit Application Form, completed and signed. You should visit the website of the Civil Registry and Migration Department to look about their contact information and make an appointment. VISA/TEMPORARY RESIDENCE PERMIT REQULATIONS FOR NON-EU STUDENTS . A Pink Slip can be easily renewed for another term. • A Permanent Residence Permit (Immigration Permit) will be granted to non-EU nationals, their spouse, dependent children under 25 as well as any dependent parents of both spouses; this allows permit holders to reside in and travel to Cyprus without having to undergo any immigration entry procedures. I want to move to the UK/EU. Residence permit in Cyprus by buying property Main requirements needed to gain Permanent Residence Permit in Cyprus within 3 months: Purchase a Cyprus property worth over €300,000 +V.A.T. Non-EU family members such as a spouse and unmarried children under 18 years old can obtain a Resident Permit upon providing documentary evidence of the family relationship (e.g. There are no restrictions for the EU citizens. Applications are reviewed by the Immigration Control Board and the Minister of the Interior grants final approval. The Cyprus residence permit is what allows foreigners to legally live in Cyprus for longer than three months. Other documents which are related to the reason you want to live in Cyprus, such as: Marriage/birth certificate for family reunion, Proof of enrollment in an educational institution for international students, You must prove you purchased the property with funds acquired outside Cyprus, You must have an annual income of at least €30,000, which you receive from outside sources. Non-European citizens are allowed to apply for Residence Permit in Cyprus on the basis of the Categories referred to in Regulations 5 and 6(2) of the Aliens and Immigration Regulations. According to the law, a non-resident of Cyprus, who owns property in Cyprus has the right for 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. 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