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.