105 Cyprus is a tranquil island situated in the European heart across three continents, Africa, Asia, and Europe. Cyprus has a European outlook with a warm, relaxed climate. It also offers a reasonable tax regime making it one of the best relocation destinations globally. Cyprus joined the European Union in 2004 and became a member of the Eurozone in 2008. Permanent residency under this program gives the nationals the right to travel anywhere in Europe without visa requirements. In 2022, many high net worth non-EU nationals applied for the permanent residence Cyprus permit through its property investment program. Check out the different options in detail. The permanent residence permit in Cyprus is valid for five years and should be renewed before its expiry. It is issued in two situations: If you have resided in Cyprus with temporary residence permits for at least five years, during which you should not have left Cyprus for more than three months. You should have a work contract for 18 months or an open duration. Or If you have bought a property in Cyprus for a minimum of € 300,000, you can get permanent residency. It is a fast-track alternative for those seeking residency within two months. However, the applicant should fulfill these conditions – You should prove you have bought the property with funds you owned outside Cyprus. – You should have a yearly income of €30000 in a Cyprus bank which will be locked for three years, and then you can use it. – If you have dependents such as a spouse or kids under 18, you should have additional yearly earnings of €5000 for them individually. – If you have dependent parents, you should have an extra €8000 per year for each of them. – You should come to Cyprus every two years to ensure you want to keep your permanent resident status. The rights of a permanent residence Cyprus The citizen has access to all employment and self-employment opportunitiesThe citizen can move freely in European territoriesThe citizen enjoys social help and social securityThe citizen enjoys tax benefits The immigration permits of Cyprus: The non-EU nationals can get residency here if they fall into these categories: Category A: Foreign nationals who are self-employed in cattle breeding, agriculture, or fish culture in Cyprus, own land or means to get a property here, and whose actions don’t affect the Cyprus economy.Category B: Foreign citizens employed in the mining sector here with sufficient money and permit, and their actions don’t impact the Cyprus economy.Category C: Foreign citizens who are an employee in trading have sufficient money and permit, and their actions don’t impact the Cyprus economy.Category D: Foreign nationals who work in a scientific field and have the qualifications with sufficient money.Category E: Foreign citizens who have been given job offers for permanent work positions here.Category F: Foreign citizens with independent earnings can live comfortably in Cyprus without working. If you belong to any of the categories mentioned above, you can get a permanent residence Cyprus card. You should apply for the card with the help of professionals Read more 0 comment 0 FacebookTwitterPinterestEmail Uneeb Khan Uneeb Khan CEO at blogili.com. Have 4 years of experience in the websites field. Uneeb Khan is the premier and most trustworthy informer for technology, telecom, business, auto news, games review in World. previous post 7 Affordable IT Software Development Services For Startups next post How to Pick Suited Silicone Feeding Set for Your Baby Related Posts Copper-Clad Steel Conductors OR Pure Copper Conductors? What... July 26, 2024 How Do I Choose Between a Built-In or... July 26, 2024 Why Renting a Car Monthly in Dubai is... July 26, 2024 Things to Know About the Process of Outsourced... July 26, 2024 Why Windshield Repair is Important for Vehicle Resale... July 26, 2024 What Are the Key Features of the Best... July 26, 2024 How Comme des Garçons Uses Fashion to Challenge... July 26, 2024 What Is Acoustic Plaster and How Does It... July 26, 2024 Kai Cenat: A Trailblazer in the Digital Era July 25, 2024 Why Should You Consider Opening a Demat and... July 25, 2024