How can i get immigration permit if i want to start a business in Cyprus?
Cyprus is a country that gives you the opportunity to grow both financially and personally. If you are a Non-European country national wishing to reside permanently in Cyprus as a self employed you can do so by applying for an Immigration Permit on the basis of one of the Categories mentioned below (Regulation 5 of the Aliens and Immigration Regulations):
· Category A: Persons who intend to work as self employed in agriculture, cattle breeding, bird breeding or fish culture in the Republic, provided that they have in their possession adequate land or a permit to acquire same, they have fully and freely at their disposal capital of approximately €430,000.
· Category C: Persons who intend to work as self employed in a trade or profession in the Republic, provided that they have in their possession a relative permit and they have fully and freely at their disposal capital of approximately €260,000.
· Category D: Persons who intend to work as self employed in a profession or science in the Republic, provided that they have academic or professional qualifications, for which there is demand in Cyprus. Possession of adequate funds is also necessary.
The examination and processing of applications takes around two to three months and the Immigration Permit continues to be valid provided that the holder visits Cyprus at least once every two years.
Also, wife/husband and children under 18 can be included in the application.
For more information and guidance get in touch with our lawyers or email Michalaki, Pitsillidou & Co LLC Lawyers Legal Consultants,
Tel. +357 99345000
Fax +357 25 660097