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The Permanent Residency Law in Nicosia, Cyprus, is designed to permit non-Cypriot nationals to establish long-term or permanent residence in the nation. Permanent Residency is divided into two categories: Category F, for retired persons and Category 6(2), the Fast-Track method, often chosen by non-EU nationals who purchase property in Cyprus.
Applying for permanent residency can be a complex and time-consuming process. Applicants may struggle to understand the intricacies of the law, accurately complete documentation, or guide their application through the local bureaucracy. Lawyers with experience in immigration law can be essential in these situations, offering expert guidance to ensure your application complies with all legal requirements.
Permanent Residency in Cyprus is governed by the Immigration Law (Cap 105, Regulation 5(f). Under Category F, applicants must prove a secured minimum annual income from a legitimate source and the intent to lead a peaceful life in Cyprus. Fast-Track applicants under Category 6(2) must demonstrate an investment in a new or used property in Cyprus valued at €300,000 (excluding VAT), among other financial criteria. Both categories require a clean criminal record.
Under the Fast-Track scheme, applications are processed within two months. The Category F applications take longer, often up to a year.
Yes, a person must visit Cyprus at least once every two years to maintain permanent residency.
No, obtaining permanent residency does not grant you the right to work in Cyprus. It is mainly for those who wish to reside in Cyprus without participating in any form of employment.
Yes, family members (spouse and children under 18) can also obtain permanent residency when you do so.
Yes, Cyprus allows dual citizenship. However, the regulations for gaining citizenship beyond just Permanent Residency are separate and more demanding.
Please visit Ministry of Foreign Affairs in Cyprus and Cyprus Immigration Service for more detailed information about Cyprus' immigration and permanent residency laws.
If you require legal assistance for permanent residency in Cyprus, it is advisable to consult with a local lawyer experienced in immigration law. Ensure any legal professional you hire is registered with the Cyprus Bar Association. They will guide you through the application process and help address any issues that may arise with your application.
