The residence permit is usually issued for 1 year and is renewable annually. After five years of continuous residence in Cyprus, you can apply for a Permanent Residence Permit.
How do I get residency in Cyprus?
Requirements for Cyprus Residency by Investment
- You must purchase real estate property worth at least €300,000.
- You must make a €30,000 deposit into a bank in Cyprus. …
- You must prove you have an annual income of at least €30,000 for yourself, and another €5,000 for every dependent (spouse and children).
How long does it take to apply for residency in Cyprus?
The fast-track Cyprus residency by investment is obtained in about two months. On approval, the lawyer can collect the cards on behalf of the investors. It is estimated that the period for the examination of the application for permanent residency under category F shall be 18 months.
Can an EU citizen live in Cyprus?
EU Citizens are free to enter, leave, travel and live in Cyprus and may also engage in any economic activity, either as paid employees or self employed persons, service providers or engage in any educational opportunity in Cyprus, under the same conditions as Cypriot citizens.
How much money do I need to live in Cyprus?
Family of four estimated monthly costs are 2,845$ (2,411€) without rent. A single person estimated monthly costs are 807$ (684€) without rent. Cost of living in Cyprus is, on average, 14.12% lower than in United States. Rent in Cyprus is, on average, 45.43% lower than in United States.
How can I get temporary residency in Cyprus?
To apply for a Temporary Cyprus Residence Permit, you must submit the following documents: Temporary Residence Permit Application Form, completed and signed. Certificate of police clearance, issued from your country of residence within the past six months.
Is moving to Cyprus a good idea?
It also offers unique cultural traditions and a wealth of exciting places to visit. When it comes to moving abroad, expats from all over the world, consider Cyprus to be one of the most desirable locations there is. There is a well-established, substantial UK expat community living there.
Are cars cheap in Cyprus?
New and used cars are more expensive to buy in Cyprus than the UK. It may be more cost-effective to purchase a car on the island, however, if excise taxes add up when shipping yours over. It’s worth noting that cars tend to retain their value more in Cyprus than they do in the UK.
Is there job opportunities in Cyprus?
Although there are several jobs throughout the year, most part time jobs usually open up more frequently in summer as the island is abuzz with domestic and international tourists the main cities such as Nicosia, Limassol, Paphos and Larnaca present students with better job-seeking opportunities as they have larger …
Can I go and live in Cyprus after Brexit?
Now that the UK has left the European Union, British citizens no longer have the right to settle in EU countries like Cyprus without a visa or residency documents. … It gives non-EU nationals the option to legally extend their stay in Cyprus for up to a year, and you can apply to renew it every year.
Is it easy to move to Cyprus?
After having a wonderful holiday on the “Jewel of the Mediterranean” many people choose to immigrate to Cyprus. And even though every relocation has its difficulties, when moving to Cyprus, you will find that things are relatively easy here.
How much do you need to live comfortably in Cyprus?
There is no limit to it. The family (2-3 people) needs about 2000 – 3000 EUR per month for living in the renting apartment for a comfortable life. At numbeo.com, you can compare the cost of living in any city in Cyprus, relative to your place of residence.
Can I afford to live in Cyprus?
As a whole, the cost of living in Cyprus is comparable to European countries such as Poland, Hungary and Romania. Limassol is generally regarded to be the most expensive city on the island, ranking 166th out of 209 cities worldwide assessed for the 2020 Mercer Cost of Living Survey.
How easy is it to get a job in Cyprus?
Due to the country’s large tourism sector seasonal and casual jobs are relatively easy to find. Those seeking summer work can find opportunities in hotels, bars, cafes and restaurants.