Efstathios C. Efstathiou LLC has the know-how and expertise to secure residence permits in Cyprus to our EU and non-EU national clients that might be interested in residing in Cyprus as visitor and furthermore to assist any client that might be interested in applying for temporary resident as a visitor in the beginning, by apply for one year resident permit to stay, having the opportunity to discover the financial environment of Cyprus for his future plan.
A person can apply to obtain an Immigration Permit on the basis of one of the following Categories:
Category C: Individuals who intend to work as self employed in a trade or profession in the Republic of Cyprus, provided that they have in their possession a relative permit, they have fully and freely at their disposal capital of approximately €260,000 and such an employment should not affect negatively the general economy of the Republic.
Category E: Individuals who have been offered permanent employment in the Republic, which will not create undue local competition.
Category F: Individuals who possess and have fully and freely at their disposal a secured annual income, high enough to give them a decent living in Cyprus, without having to engage in any business, trade or profession. The annual income required should be at least €10,000 for a single applicant and moreover at least €4650 for every dependent person, but the Immigration Control Board may demand additional amounts as necessary.
Expedited Procedure (Regulation 6(2) of the Aliens and Immigration Regulations): The expedited procedure is available to third country nationals that invest in Cyprus an amount of €300.000 in the form of purchasing a house or apartment sold for the first time by a developer (new house/apartment). The applicant, together with his spouse, should also prove that they have at their disposal a secure annual income of at least €30.000. This annual income should increase by €5.000 for every dependent person. This income should derive from abroad, and may include salaries from employment, pensions, dividends from shares, fixed deposits, rents a.s.o. This procedure is completed within 2 months from the date of the submission of the application.