Permanent residency

 

A foreign national who buys a new property in Cyprus for €300.000 or more can immediately apply for a permanent residence permit.

The processing time is 2-3 months.

 

This type of permit, category F, is granted to non EU nationals who have sufficient annual income to cover all their expenses and those of their family, without having to engage in any business, trade or profession. This income must come from legal sources from abroad, such as pensions, permanent deposits, business activities, ownership of companies, shares, and it must be secured, reliable  and consistent over the long run and maintained over time.