Permanent Residency in Cyprus Category F

Introduction

Welcome to the informative article on obtaining permanent residency in Cyprus under Category F, brought to you by Hadjivangeli Lawyers. If you are considering relocating to Cyprus and want to secure your residency status, this guide will take you through the process, requirements, benefits, and how our experienced legal team can assist you every step of the way.

Understanding Permanent Residency in Cyprus

Cyprus offers various routes to obtain permanent residency, and Category F is one of them. Category F is particularly appealing to individuals looking for a residency option without engaging in an employment or investment activity in the country. It is suitable for retirees, individuals with sufficient income, and individuals who have significant funds to cover their living expenses.

Process and Requirements

Obtaining permanent residency in Cyprus under Category F involves fulfilling certain criteria set by the Cyprus government. Here are the key steps and requirements:

Step 1: Financial Sufficiency

Applicants must demonstrate that they have a secure annual income originating from abroad, such as pensions, investments, or other sources, amounting to at least €9,568.17 per individual and an additional €4,613.22 for each dependent family member.

Step 2: Health Insurance

Applicants must have valid health insurance coverage in Cyprus, either through private insurance or the National Health Scheme (Gesy).

Step 3: Residential Property

Applicants must own a residential property in Cyprus, the purchase value of which must be at least €300,000. The property can be either a house, apartment, or any other type of dwelling.

Step 4: Background Checks

All applicants and their family members over 16 years old must provide a clean criminal record certificate issued by their country of origin or residence.

Step 5: Declaration and Deposits

A declaration must be submitted to the Migration Department, accompanied by deposits in a Cypriot bank account amounting to at least €30,000, which should be kept for at least three years.

Benefits of Permanent Residency in Cyprus

Acquiring permanent residency in Cyprus under Category F provides numerous advantages:

• Live and reside in Cyprus without the need for a work permit.
• Travel freely within the European Union (EU) Schengen area without a visa.
• Access to high-quality healthcare and education systems.
• Enjoy a favorable tax regime, including tax exemptions on certain types of income.
• Security and stability in a Mediterranean country known for its welcoming environment.

How Hadjivangeli Lawyers Can Assist You

At Hadjivangeli Lawyers, we specialize in immigration and residency services, with an extensive track record of successfully assisting clients in achieving their residency goals in Cyprus. Our dedicated team of legal experts understands the complexities of the Category F application process and is committed to providing personalized support tailored to your specific needs.

We offer comprehensive services, including:

• Evaluating your eligibility and advising you on the requirements.
• Assisting with the preparation and submission of all necessary documentation.
• Guiding you through the investment process for acquiring a residential property.
• Liaising with the authorities on your behalf and keeping you updated on the progress of your application.

By choosing Hadjivangeli Lawyers as your legal partner, you can have peace of mind and confidence in a smooth and efficient residency application process.

Conclusion

Obtaining permanent residency in Cyprus under Category F is an excellent opportunity for individuals seeking a desirable location with a high quality of life. With the help of Hadjivangeli Lawyers, you can navigate through the application process seamlessly, fulfilling the requirements and securing your residency status. Contact our team of experts today to take the first step towards your new life in Cyprus!