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IMMIGRATION PERMIT / PERMANENT RESIDENCY IN CYPRUS

Legal Framework: Based on Regulation 6(2) of the Aliens and Immigration Regulations, the Minister of Interior, having notified the Council of Ministers, has decided to issue an Immigration Permit to third country applicants, in cases where the following conditions are satisfied:Migration Department

	Is granted to NON-EU Nationals 	Enter and remain to Cyprus with no limitations,no entry visa is needed 	Does not expire if the applicant visits Cyprus once every two years 	Granted to the wife/husband of the applicant and their minor Children 	No right to work in Cyprus HOW TO OBTAIN IT: (TWO DIFFERENT WAYS]

1.	FAST TRACK PROCEDURE (REGULATION 6, 2) within 2-3 months OR 2.	CATEGORY F (Regulation 5(f)) - within 12- 15 months

1.	FAST TRACK PROCEDURE (REGULATION 6,2)

REQUIREMENTS: I.	PROPERTY - Buy / Purchase a residential property in Cyprus, a house or apartment of a minimum market value of €300.000(V.A.T. is not included).

II. INCOME - Prove annual income of €30.000(applicant together with his spouse/husband), from sources other than employment in Cyprus. -	Derived from salaries of employment, pensions, stock shares, rents, etc., and -	Is increased by €5.000 for each dependent person.

III. BANK DEPOSITS - Deposit €30.000 in a bank account in Cyprus, pledged for a three year period. (Money to be proven to have been transferred from abroad)

IV. DEPENDENT CHILDREN AND PARENTS OF THE APPLICANT Financially dependent adult children up to the age of 25 might also be eligible to apply for permanent residency.

The Parents of the applicant and also those of his wife/husband can also get the Permanent Residency provided they can prove extra annual income of €8.000 per parent. 2.	CATEGORY F (Regulation 5(f).

Category F: Persons who possess and have fully and freely at their disposal a secured annual income, high enough to give them a decent living in Cyprus, without having to engage in any business, trade or profession. The annual income required should be at least €9568,17 (CY£5,600) for a single applicant and moreover at least €4613,22 (CY£2,700) for every dependent person, but the Immigration Control Board may demand additional amounts as necessary. Most applicants come under this Category, the majority of them being pensioners or retired persons.

For the granting of an Immigration Permit, an application is submitted on the form M.67 to the Civil Registry and Migration Department directly or through the District Aliens and Immigration Branches of the Police. The application should be accompanied by the appropriate documents, depending on the Category for which it is submitted. Applications for Category F which are the most usual should be accompanied by the original of documents regarding the income of the applicants. Applicants who are abroad may submit an application directly to Cyprus, as stated above, or through the local Consular Authorities of the Republic of Cyprus. The applications are examined by the Immigration Control Committee which submits a relevant suggestion to the Minister of the Interior for a decision to be taken.

An Immigration Permit will be automatically cancelled if the interested person fails to acquire residence in Cyprus within one year from the approval of the application, in case he/she is residing outside Cyprus. It will also be cancelled if he/she acquires permanent residence abroad or be absent from Cyprus for a period of two years.

Fees

The fees for the granting of an Immigration Permit amount to €500 and are paid against a receipt upon submission of the application.