The Republic of Cyprus is considered by many people as an ideal and attractive country to live and retire primarily due to the warm weather throughout the year, the safety, the stability of its economy and all other privileges that any European state provide to its residents.
The Cypriot government’s intention over the last years to increase foreign direct investment, in order to boost the country’s economic development. The Cyprus government has modified the relevant “Aliens and Immigration Regulation” into a more simplified one in order to approve and issue Residence Permits to a non-European applicants and qualifying dependents that would like to stay as permanent residents in Cyprus provided that the certain requirements and criteria are met and are outlined further down. The Cyprus Permanent Residency does not expire and there is no need for renewal. In essence, it is an unlimited Cyprus residency permit.
Setting up also and parallel a Fast Track procedure; the Cypriot Government has made the relevant program vary favorable and flexible, and one of the easiest to be obtained, with the permits being issued within maximum two months provided that applicant keep his property (don’t sell) and visit Cyprus one time every two years.
BASIC CRITERIA OF THE PERMANENT RESIDENCY IMMIGRATION POLICY
Regulation 6(2) of the Aliens and Immigration Policy:
CHILDREN ABOVE THE AGE OF 18 (BASIC REQUIREMENTS)
Children Financially Dependent on Parents
Children above the age of 18 and under the age of 25, who are single, are financially dependent upon the Applicant and are students can get a Permanent Residence Permit.
PR PERMIT FOR PARENTS/ PARENTS IN LAW OF THE MAIN APPLICANT ( BASIC REQUIREMENTS)
Fast Approval Process For Permanent Residency In Cyprus