Residence permit for financially independent persons

Procedure takes

Procedure takes

Reside and do business in Cyprus by obtaining a work visa

Procedure takes

Approximate time for approval 1 month

Legal stay in Cyprus

Tax benefits from work activities for individuals who come to Cyprus for the first time

Family members have the right to residence and employment

Possibility of obtaining citizenship

Opening a bank account in Cyprus

Easy to renew

Visa 2-3 years
with the right to extend

University diploma or equivalent education or minimum 2 years of relevant work experience

Employment contract

03.

Minimum monthly salary before taxes €2,500

04.

No criminal record in the country of
citizenship and immigration violations in Cyprus, as well as socially dangerous diseases

05.

It is necessary to confirm the place of
residence in Cyprus. It can be either
rented or purchased housing for any
amount.

06.

01.

02.

With a company for at least 2 years which has
a right to employ third country nationals

Minimum salary

Qualification

Proof of a good reputation

Residence requirements

Applicant cannot be absent from Cyprus for more than 90 days at a time.

Have your own or rented accommodation

High level of security for your business

The security of doing business is ensured by the non-intervention policy
of minimal regulation by the state and supervisory authorities of Cyprus.

Active IT community in Cyprus

Developed Cypriot communities, such as Cyprus IT, non-profit
association - TechIsland, IT Hub
- a closed community of founders of large IT companies,
Founders CY - for founders of start-ups and young companies and others.
Open communication culture and comfortable adaptation, ecosystem events and entertainment events.

Personal and family safety

According to the security index, Cyprus ranks 30th among all countries in the world
(129 states are in the ranking).
The crime rate tends to the minimum values. Living here,
you and your family will be completely safe

Comfortable climate for living

The loyalty of a company employee increases markedly
when his family enjoys life.

Cyprus has 340 days of sunshine. The country has created
all the conditions for comfortable living, work and recreation nearby are the magnificent beaches of the Mediterranean

Opportunity to obtain Cypriot citizenship after 7 years of residence on the island

EU passport

Residence permit for the whole family

Simplified visa processing for the USA and Schengen

No language requirements

Opportunity to obtain EU citizenship

Simple renewal

Without investment

from €10,000 in a bank account in Cyprus
+ from €5.000 for each subsequent family member

Stable and sufficient income

03.

It is necessary to confirm the place of
residence in Cyprus. It can be either
tented or purchased housing for any
amount

04.

Applicant cannot be absent from Cyprus for more than 90 days at a time

05.

No criminal record in the country of
citizenship and immigration violations in Cyprus, as well as socially dangerous diseases

06.

01.

02.

Minimum monthly income abroad
from €2,000 for main applicant
+20% for spouse
+15% for each child

Have your own or rented accommodation

Minimum bank deposit

Residence requirements

Education

Minors from the age of 6 must be registered in institutions licensed by the Cyprus Ministry of Education

Proof of a good reputation

Residence requirements

Residence permit for the whole family and second home in Europe

Tax optimization

No language requirements

Opportunity to obtain EU citizenship

Asset relocation

Remotely

Simplified visa processing for the USA and Schengen

Applicants cannot be employed in Cyprus but can have a business in Cyprus and earn income

Investments

Need to confirm annual income in the amount Not less
€ 50,000 + € 15,000 for spouse + by € 10,000 for every minor kind

Clean criminal record in the country of citizenship, pass a due diligence check and confirm the legality of the source of funds

At the time of applying for permanent residence in Cyprus,
an amount of at least € 300,000 + VAT must be paid

Stable and sufficient income

Proof of a good reputation

Conditions

The applicant and his adult family members are required to provide a three-yearly certificate of a clean criminal record from their country of origin and country of residence, instead of annually. The requirement for the applicant to provide evidence of the maintenance of their investment on an annual basis, as well as that the applicant and their family members hold a health insurance certificate in the event that they do not continue to be beneficiaries of GESY continues to apply.

Status confirmation

Established in 1993 in Nicosia, Cyprus, our law firm is manifesting dynamic and steady growth in the provision of quality legal services in Cyprus to international business start-ups, mid- and large-size international companies, and individuals.

With the steady growth of our team from the manifold operation back
in 1993 to a strong team of experienced professionals qualified in several jurisdictions, legal clerks, and high-tech office at a premium location
in the centre of Nicosia, we are working towards recognition of our services
at the international level.

Since 2011, we have been a member of Legal Netlink Alliance, an international association of law firms.

Consulco Law – Elena Hajiroussou LLC has
30 years of hands-on experience with immigration programs

inhouse

with leading real estate agencies,

Cypriot lawyers,

immigration lawyers

and tax advisors

cooperation

Cypriot banks

and financial institutions