Immigration Law

Acquiring Permanent Permits

Granting of immigration permit to third-countries’ citizens who obtain privately-owned residence in Cyprus for self-occupancy is now a fact.

More specifically, this applies to third-countries’ citizens who have obtained privately-owned residence for self-occupancy in Cyprus, with a value amounting to not less than €300.000.

It should be noted that the immigration permit equals a permit for permanent residence in Cyprus and its holders are exempted from the time-consuming immigration formalities that other categories of third-countries’ citizens who enter Cyprus territory go through (e.g. consulate attestations, residence permit renewals, re-entry permits, etc.).

This covers persons who are citizens of a third country and have ipso facto to their full and free disposal a secured annual income of a proper amount that does not accrue from employment or self-employment within Cyprus territory but rather from abroad.

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