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Cyprus Residency

Permanent Residency in Cyprus, to a non-EU national, through investment or the purchase of property.

The permanent residency can be achieved by an application under Regulation 6(2) or under Category F. Both have the same effect but have four main differences:

 Regulation 6 (2)

  • An application takes 2 months to be complete
  • To apply you must make a fixed deposit of €30,000 for three years
  • You must purchase of new property, not one which is for resale of €300.000 plus VAT
  • Children above 18 can apply for P.R. and they get it for life. The children below 18 at the time of application get residency for life, however, need to renew it when they turn 18
  • The parents of the applicant can secure the Permanent residency

Category F

  • An application takes 10-12 months
  • Under this category you do not have to make any fixed deposit
  • Any property either new or for resale is admissible
  • Children under 18 when they become 18 lose their P.R. status and they cannot get it later unless they purchase a property and apply separately themselves
  • The parents of the applicant cannot secure permanent residency under this category

THE PROCESS TO ACQUIRE PERMANENT RESIDENCY

  1. Get in touch with F.C.I. LTD for a tailor made advice on the process for acquiring permanent residency that include both legal and tax advisory.
  2. You proceed with the purchase of the property.
  3. We provide guidance on the documents required and assist with preparation. Moreover we can assist in finding and acquiring the right property and acquiring financing facilities through Cyprus banks.
  4. We proceed with the submission of your application, while waiting to process there is no requirement in staying in Cyprus.
  5. Once approval is attained, we inform you to plan your visit to Cyprus
  6. On your visit to Cyprus, we facilitate the collection of your Permanent Residency card and assist you with all relocation matters.

 

CYPRUS TEMPORARY RESIDENCY for non-European citizens can be acquired:

  • by purchasing/renting a property.
  • by employment in Cyprus and providing evidence of sufficient income to support the individual and any dependents.
  • for START UP Innovative Business in Cyprus.
  • Your application will take a minimum of 2 months for approval, once submitted.
  • Temporary residency must be renewed annually and the applicant must reside in Cyprus for at least 183 days per year.

THE PROCESS TO ACQUIRE PERMANENT RESIDENCY

1) Get in touch with F.C.I. LTD for a tailor made advice on the process for acquiring permanent residency.

2) We provide guidance on the documents required and assist with preparation (employment agreement and the like)

3) We proceed with the submission of your application, while waiting to process there is no requirement in staying in Cyprus.

4) Once approval is attained, we inform you to plan your visit to Cyprus

5) During your visit to Cyprus, we facilitate the collection of your Permanent Residency card and assist you with all relocation matters.

 

Supplementary services provided: residential and business property finding; company set up; bank account opening.

 

CYPRUS TEMPORARY RESIDENCY for European citizens can be acquired:

– by employment in Cyprus and providing evidence of sufficient income to support the individual and any dependents

– by studying in Cyprus

– pensioner living in Cyprus

  • Your application will take a minimum of one month for approval, once submitted.
  • Temporary residency must be renewed annually and the applicant must reside in Cyprus for at least 183 days per year.

THE PROCESS TO ACQUIRE RESIDENCY IN CYPRUS, Cyprus TIC (Tax Identification Code)

  1. Get in touch with F.C.I. LTD for a tailor made advice on the process for acquiring residency that covers both legal and tax advisory.
  2. We provide guidance on the documents required and assist with preparation (employment agreement, registration to social insurance)
  3. We proceed with the submission of your application, while waiting to process there is no requirement in staying in Cyprus.
  4. Once approval is attained, we inform you to plan your visit to Cyprus
  5. On your visit to Cyprus, we facilitate the collection of your Employment and Residency card and assist you with all relocation matters.

 

Supplementary services provided: residential and business property finding; company set up; bank account opening.

 

Relocation of Cyprus of European Citizen

Yellow Slip and Tax Number of Cyprus

 

One can receive RESIDENCE PERMIT and TAX NUMBER (TIC) in Cyprus if:

  1. Employed in Cyprus: Requirements:
  • permanent residence in cyprus (rental or owned).
  • Copy of passport / ID
  • Contract of employment
  • Social insurance number in Cyprus

 

  1. ADEQUATE INCOME FROM ABROAD Requirements:
  • Permanent residence in Cyprus (rental or owned)
  • Copy of passport / ID
  • Confirmation from Bank in Cyprus or abroad of income at least €3.000 the last three months
  • Confirmation of employment abroad
  • Health coverage from Cyprus.