Residence in Cyprus

There is no business immigration in the country in the usual sense of this phrase, but there is the possibility of official optimization of taxation through the registration of the company, that is, registration of the company does not guarantee that you can get a residence permit in Cyprus.

Grounds.

Within one day, one of two types of visas at the consulate is issued, for bearers of Russian passports, a visa to Cyprus is issued free of charge. For living, there are two types of resolution - permanent and temporary.

Temporary permission is issued in the immigration service directly in the country. It is provided when submitting documents with the right to own real estate and statement from the bank account. The amount in the account should be at least 5000 euros, but the more, the better.

The foreigner also presents evidence of guaranteed income at least 17,000 euros per family of two. It is issued for a period from 6 months to 4 years with the possibility of annual extension. A bank deposit in the amount of 300 Cypriot pounds in case of deportation will be required. When leaving for a period of more than 3 months, Pink Slip is canceled.

Constant permission for permanent residence in Cyprus :

At the opening of a representative office of an international company.

Persons intending to work for themselves, subject to the condition on non -negative impact on the country's economy.

A. In agriculture (livestock, fishing, poultry farming), provided that the land plot is owned or permit for its purchase. And the availability of capital in the amount of about 430,000 euros.

B. At the enterprises of the mining industry, if there is an appropriate permission and capital, about 350,000 euros.

C

D. Persons with the intention of working in science, in the presence of appropriate academic or professional qualifications. The minimum capital amount is 255,000 euros.

E. Foreigners who are offered constant employment, not leading to incomplete competition in the labor market.

F. Foreigners who are not conducting business, without the right to work, subject to annual income from abroad for a family of two people at least 10,000 euros. It is necessary to have real estate worth at least 300,000 euros and a deposit not withdrawn a bank account in the amount of 171,000 euros (100,000 Cyprus pounds). The homeowner of less cost can count on receiving a multiple annual visa for 180 days. The immigration service has the right to request additional income. The income is understood as documented revenues from dividends, renting real estate, wages of the Russian Federation, royalties. In this case, it is issued immediately for 5 years and does not require annual extension. But with a loss of deposit, a residence permit is removed. This category of residence permit does not give the right to visa -free entry into other countries, only the right to permanently reside in Cyprus.

Stages and terms:

It is necessary to contact the immigration department of the local police station for registration of the species with the presentation of the full package of the necessary documents. A residence permit in Cyprus for category F is considered in the country only twice a year. Hence the possible design terms from 7 to 14 months, given 1-2 months to prepare the necessary documents for submitting an application.