Residing in Cyprus
Residing In Cyprus
Non-Cypriots wishing to reside permanently in Cyprus must apply to the Committee of Aliens Control. To obtain residence permission a Non-Cypriot should fall in the following categories:
CATEGORY A: In this category are included people who have already an offshore company in Cyprus.
CATEGORY B: In this category are included self-employed foreigners who are interested to open their own business in Cyprus on the condition that their operations will not have negative impact on the economy of Cyprus. Additionally the minimum capital required is CY£50.000, depending on the activities of the company.
CATEGORY C: In this category are included Non-Cypriots who are interested to be employed in Cyprus by a Cypriot employer. Permission is granted on the condition that their employment will not lead to an increase in the local unemployment in the profession they will practice.
CATEGORY D: In this category are included foreigners not employed in Cyprus however would like to reside permanently in Cyprus. Permission will be granted on the condition that they have received from abroad and is no less than £CY3.800.
Non-Cypriots wishing to take up employment in Cyprus are required to have a permit under the Aliens and Immigration Law.
Volex