Permanent Residency in Cyprus Category F

Introduction

Welcome to Hadjivangeli Lawyers, your trusted partner for all legal services in Cyprus. If you are looking to secure permanent residency in Cyprus, our team of highly skilled professionals is here to guide you through the process. In this article, we will provide you with comprehensive information about obtaining permanent residency in Cyprus under category F, highlighting the requirements and numerous benefits of this program.

What is Permanent Residency in Cyprus under Category F?

Permanent Residency under Category F is a popular program that allows individuals and their families to obtain long-term residency in Cyprus. This category is specifically designed for non-EU nationals who intend to make significant investments in Cyprus, contributing to the economic development of the country.

Requirements for Permanent Residency under Category F

In order to be eligible for permanent residency in Cyprus under Category F, you need to fulfill the following requirements:

• Investment in real estate, land development, and infrastructure projects, with a minimum value of €300,000.
• Clean criminal record from the country of origin and Cyprus.
• Proof of a secured annual income from abroad, not relying on employment within Cyprus.
• Health insurance coverage for all family members.
• Confirmation of no intention to work in Cyprus.

The Benefits of Permanent Residency under Category F

Acquiring permanent residency in Cyprus under Category F comes with a wide range of benefits:

1. Visa-free travel: Permanent residents under Category F can travel freely within the European Union and Schengen countries without the need for a visa.
2. Family inclusion: The program allows you to include your spouse, children under the age of 18, and financially dependent adult children, offering them the same rights and privileges as the main applicant.
3. Access to education and healthcare: Permanent residency in Cyprus grants your family access to high-quality education and healthcare systems.
4. Tax incentives: As a permanent resident, you can benefit from the favorable tax regime in Cyprus, including low personal and corporate tax rates, double tax treaties, and exemptions.
5. Property investment: By meeting the investment requirement, you also gain a valuable asset in Cyprus, with the potential for rental income and capital appreciation.

The Process of Obtaining Permanent Residency under Category F

Acquiring permanent residency in Cyprus under Category F involves several steps:

1. Engage an experienced lawyer: It is crucial to partner with a reputable law firm, such as Hadjivangeli Lawyers, who specializes in immigration and residency matters, to assist you throughout the process.
2. Investment and documentation: Prepare the necessary documents, including proof of investment, financial statements, insurance coverage, and criminal record certificates.
3. Application submission: Submit your application to the Civil Registry and Migration Department of Cyprus, along with the required supporting documents.
4. Review process: The authorities will carefully review your application, ensuring all criteria are met. You may be required to attend an interview or provide additional documentation if needed.
5. Approval and issuance of residency permit: Once your application is approved, you will be issued a residency permit, granting you permanent residency in Cyprus under Category F.

Conclusion

Securing permanent residency in Cyprus under Category F offers a plethora of advantages for individuals and families looking to establish long-term roots in the country. Hadjivangeli Lawyers, with our extensive knowledge and experience in immigration law, are here to make this journey seamless and successful for you. Contact us today to discuss your specific needs and let us assist you in acquiring permanent residency in Cyprus under Category F, opening the doors to a brighter future for you and your loved ones.