Immigration options to Cyprus for Non-EU residents

For a foreign interests Cyprus company planning to employ non E.U. nationals. 

The company should operate from their self-contained offices in Cyprus, which should be located in suitable distinct premises. 

The company shareholder should inject €200.000 into the company’s bank account.

For applicant who is planning to reside in Cyprus without being engaged in any business in Cyprus. 

They should prove income from abroad.

The applicant is not allowed to have a Cyprus company.

For applicant who is planning to reside in Cyprus without being engaged in any business in Cyprus. They should prove income from abroad.

The applicant is not allowed to have a Cyprus company.  The accelerated procedure for the Permanent Residence Permit (PRP) applies to third country nationals and their family members who wish to have the option to permanently reside in Cyprus and even be able to apply for a Cyprus passport based on the years of stay.
Investments: a minimum market value of €300.000 plus VAT and proof of payment of at least €300.000 excluding VAT

Annual income from abroad €24.000 for the main applicant plus 20% for spouse and 15% for each child  

Proof of stable or adequate income deriving from sources other than employment in Cyprus (i.e. pension, bank account’s statement, interest from deposits, dividends, salary from abroad etc)

 A steady annual income of at least €50.000. This amount is increased by €10.000 for each underage child, or a financially dependent child up to 25 years old, and by €15.000 for the applicant’s spouse.  

Annual proof of stable or adequate income deriving from the following sources: salaries, pensions, stock shares, and rents.

Disposal of an investment without its immediate replacement shall result in the cancellation of the Permanent Residence Permit.

We can apply on behalf of the applicant while abroad. We will need signed documents certified by the CY embassy. If the applicant is in Cyprus we will certify the documents by a certifying officer in Cyprus

• Brief Curriculum Vitae – CV (including copies of academic qualifications and or relevant professional experience of at least two years). 
• Original Certificate of Criminal Record from the country of origin (if the applicant resides in a country other than the country of origin, the certificate should be issued from the country of residence).

Original letter of guarantee issued by a bank or cooperative institution in Cyprus with validity of 10 years covering possible repatriation expenses. The amount depends on the country of origin. 

Original Certificate of Criminal Record from the country of origin (if the applicant resides in a country other than the country of origin, the certificate should be issued from the country of residence).

1. Clean Criminal Record Certificate, issued by the Authorities in the applicant’s and their spouse’s country of nationality and, if different, their country of residence.
2. Health insurance certificates for the applicant and their dependents.
3. Copy of valid passport.
4. Copy of valid temporary residence permit (if the applicant resides in Cyprus).
5. Curriculum Vitae (including academic qualifications)

The applications have not been reviewed and approved as of 2019, therefore we cannot provide timeframe as to when the application is going to be reviewed.

The applicant will not have the right to reside in Cyprus until the application has been approved, therefore usually the applicants will have to apply for visitor permit as well.