Individuals who possess, and who have fully and freely at their disposal, a secured annual income, which is high enough to provide them with a decent standard of living in Cyprus, without having to engage in any business, trade or profession. The annual income required should be at least €9,568.17 per single applicant, and a further €4,613.22 at least, for every dependent person. Worth noting, however, is that the Immigration Control Board may demand additional amounts, if deemed necessary. Most applicants fall under this Category, as they are usually pensioners or retired persons.
Requirements & Conditions for Category F
- An application takes 10-12 months.
- Any property either new or resale is admissible.
- Children under 18 when they become 18 lose their Permanent Residency status and they cannot get it later unless they purchase a property and apply separately themselves.
- The parents of the applicant cannot secure Permanent Residency under this category.