Legislation as from 1st October 2011, VAT reduced rate of 5% in purchasing or constructing of private residence

According to the Law on the VAT, which is valid from 1st of October 2011, the VAT rate is reduced to 5% for houses and flats which are used or are intended to be used as a permanent place of residence provided that once the VAT officer approves the application sent by the entitled person.

Residential houses/flats which have been bought or have been purchased by a Purchase Contract or with other agreements prior the above date (i.e. 1st of October 2011) will continue to be regulated by the Law on grants until the transaction has been completed. These cases will continue to be subject to the standard rate and after the completion of the house/flat, the entitled person will submit a request for Grant where is entitled under the Provisions of the law on Grants.

The entitled person is all physical persons of which on the date of submission of documents received by the Registrar of VAT, he or she

• Has reached the age of 18 years old;
• Is a citizen of the Republic of Cyprus or any other European Member State and is permanently residing in the Republic of Cyprus;
• Is intending to use the house/flat as his/her permanent residence

The following conditions are applicable for submitting the reduced rate of 5%

• The application for planning permission or (building permit when it is not necessary to obtain a planning permit) must be submitted to the Competent Authority after 1/5/2004, meaning the house is subject to VAT
• The house/flat is intended to be used after purchase or construction for the permanent residence
• The total area of the house/flat must not exceed 275sq meters. The reduced rate of 5% VAT is applicable for the first 200sq meters ONLY

TOTAL AREA means the sum of the area covered of the residence and includes boiler room, storage, and covered parking space as well as covered verandas. In the calculation of the total area, the following are not included:

• Up to 5sq meters of boiler room
• Up to 7sq meters of storage area
• Up to 36sq meters of covered parking space
• Up to 40sq meters of covered verandas

Please note that in the circumstances of families with many children (whom have 4 or more children) the total covered area of 275sq meters increases by 15sq meters for every additional child of more than 4.

Married people are only entitled to buy or construct one house.

The following restraints are necessary in the reduced rate of VAT of 5%:

a) The reduced rate of 5% is necessary for the purchase or construction of a house/flat with the condition that the house/flat is used as a permanent residence for the next 10 years.

b) If the entitled person stops the use of the house before the 10 years have passed by then within the 30 days of the date that he/she ceased the use, must inform the VAT Registry and at the same time pay the difference of the reduced rate and standard rate as were applied at the time the house was delivered or constructed which is attributable to the time the property was not used for the purposes of the residential use. This restraint shall not be forced if the entitled person transfers the house to his/her children or if he/she dies.

If the entitled person has received grant through the Law on Grants he/she shall not be entitled to submit for the reduced rate until 10 years have passed by from the date he received the grant unless there is a written certificate by the Authorities of Ministry of Finance that the Grant has been returned or part of the Grant has been given.

The declaration of Purchase or construction of house/flat is submitted in a form which is stated by the Registrar of VAT in the Official Gazette and of which the entitled person can obtain by the District Offices of VAT and which must be accompanied by the following documents:

• Copy of the application for the planning permit or building permit, reviewed by the Authority
• Copy of the planning permit or building permit
• Purchase Contract or Construction Contract which have been duly stamped
• Evidence to prove the purchase or construction of house/flat, receipt of deposit, application/approval for loan, invoices or receipts of payments
• Certificate of registration of the Researcher of the Project for the total area of the house/flat
• Statement by the Constructor or the Construction Company which have an annual license for the Construction of the house/flat
• Copy of Identity card
• Copy of Marriage Certificate (if married)
• Copy of birth certificates of Children (if more than 3 children)

The statement s can be delivered to the District offices of VAT. They can also be sent by post.

After the submittal, the documents will be reviewed by the VAT officers and will send back to the entitled person certified in order to be delivered either to the seller or to the constructor who will assume the construction of the house/flat in which he will impose the reduced rate of 5%

Please, not that within 6 months of the completion of the house/flat the entitled person must prove that he/she is using the property as his main and permanent residence. The evidence can be

• A copy of a telephone bill
• A copy of electricity bill
• A copy of a water bill
• A copy of district fare charge or any other evidence that proves that he/she is using his property as his main and permanent residence

Council of Ministers Decision dated 10.10.2011

 

Criteria and Conditions for Naturalisation of Foreign Investors / Entrepreneurs by Exemption on the basis of para. 2(f) of the Third Schedule of the Civil Registry Laws 2002-2011

A. CRITERIA

Direct Investments:

The applicant should have direct investments in the Republic of Cyprus amounting to a minimum of €10 million. Direct Investments include among other things purchases of immovable properties, businesses / companies, shares, financial assets (e.g. securities registered and issued in the Republic of Cyprus); or

Entrepreneurial Activities:

The applicant should have established/registered in the Republic of Cyprus a Company/Companies controlled by him, with a total minimum turnover, in accordance with the company’s/companies Audited Accounts, of €10 million per annum, on average, over the last 3 years preceding the year of the application and at least 1/3 of the applicant’s employees are citizens of the Republic of Cyprus; or

Introduction of new and innovative technologies, Research Centres:

The applicant should prove that he has introduced on a large scale new and innovative technologies in vital/major sectors of the Cyprus economy or that he has established an important Research Centre for the conduct of research locally, on a large scale; or

Bank Deposits:

The applicant should have personal deposits in Cypriot banks or deposits of privately owned Companies or of trust (in which he is a shareholder) in the Republic of Cyprus amounting to a minimum of €15 million, spanning a five year fixed period.

It should be noted that the above-mentioned deposits must be held in a banking institution within the Republic of Cyprus for a period no less than five (5) years. In the case where following a periodic inspection it is ascertained that the condition is being violated, the naturalisation may be revoked; or

Combination of Direct Investments, Entrepreneurial Activities and Deposits in Cypriot banks:

The applicant should have a combination of the above-mentioned assets amounting to €15 million; or

Direct Income / Remuneration for Services:

The applicant should have established a company or companies, the management of which is in the Republic of Cyprus, and in the last 3 years preceding the year of the application to have paid into the Cyprus economy either in the form of income tax payments / V.A.T. and/or in the form of remuneration for the purchase of business services (legal, accounting, auditing, banking and others) at least €500.000 on average per annum.

B. Conditions

1. Age:

The applicant should be at least 30 years old.

2. Clean Criminal Record

A clean criminal record from the country of origin and/or from the Cyprus Police. Confirmation that the applicant’s name is not included on the list of persons whose property is ordered to be frozen within the boundaries of the European Union.

3. Residence in the Republic of Cyprus

The applicant is required to have a permanent privately-owned residence in the Republic of Cyprus, the value of which must exceed the amount of €500.000 at current prices.

C. Submission of Documents

In order to examine any applications (M127) various documents are required to be submitted, such as, inter alia, the following:

1. Direct Investments

(a) For the purchase of immovable property: Contract of Sale, Title Deeds

(b) For the purchase of a Business, Company, Manufacturing Company:

Confirmation from the Registrar of Companies as to Shareholders.

(c) For the purchase of Shares: Share Certificates

(d) For Financial assets: Title/titles and other documents regarding financial assets.

2. Entrepreneurial Activities

(a) Certificate of Registration of the Company from the Registrar of Companies.

(b) Certificate of Shareholders

(c) Audited Accounts of the Business for the last three (3) years preceding the year of the application

(d) Confirmation from the Social Insurance as to the insurable income of the employees in the applicant’s companies.

3. Introduction of New Technologies

Patent or other evidential document

4. Deposits in Banks

Confirmation from Cypriot banks of the applicant’s fixed term five (5) year deposits or of the companies, controlled by him, fixed term five (5) year deposits.

5. Combination of direct investments, business activities and deposits in Cypriot Banks:

Relevant confirmations/documents required for Direct Investments, Entrepreneurial Activities and deposits in Cypriot banks, as set out hereinabove.

6. Direct Income / Remuneration for Services:

Receipts as to payment to the State of Income Tax or V.A.T. and/or receipts for the purchase of business services (legal, accounting, auditing and others), that have been paid in the last three years preceding the year of the application.

None of the above affects the absolute discretion of the Council of Ministers in taking a decision. The above criteria / conditions shall apply until the final amendment of the relevant Civil Registry Law or Regulations of the same Law.

(Source: Ministry of Interior)

The House of Representatives approves as follows:

The present law shall be referred as the Land Registry and Survey Department (Fees and Rights) (Amended N0. 2) Law of 2011 and shall be read together with the Land Registry and Survey Department (Fees and Rights) Law which from now on will be referred as the “main law”.

The main law is amended with the addition of the following new article followed after Article 9.

10 (1). No fee shall be imposed or collected under Chapter 17 of Table, when the same act on the same property, Value Added Tax (VAT) is imposed under the relevant legislation.

     (2). In cases where transfer fees are applied or received based on Chapter 17 of Table, but the transfers concern plot, buildings or sections of plot which are sold for the first time from the issue date of construction permit or license and there has been a sale agreement and further deposited to the Land Registry, within the period of six months, the transfer fee will be reduced by 50%.

    (3) In cases where a sale agreement has been created under the Law of Sale of Estate (Special Performance) within the six months period from the start date of the above Law and regardless of the registration date of title deeds, for the purposes of subsections (1) and (2), the provisions of the main law is still valid in regards to the imposing the reduced transfer fees or related to their abolition.

The above law is valid once it is published in the Official Gazette of Republic of Cyprus and expires after six months with the exception of subsection (3) of Article 10 as it is included in Article 2 of the main Law which is still applicable.

On the basis of the Law on Tax (Amended Law No2) of 2012 (N.73(I)/2012) which applies for sale agreements or other agreements which have been concluded for delivery or construction of properties form 8th of June 2012, the reduced rate of VAT (5%) is extended to the properties which are used or are intended to be used by the beneficiary as its main and permanent residence of the Republic and to citizens who are not Member States of European Union.

The regulations of the Law cover persons who live in the Republic of Cyprus for any specific timing and are using the property for which they are declaring as their main and permanent residence while they are in the Republic. The Law does not cover people who buy or construct property for investment purposes or for lease/rent or for other activities which involve economic situation.

Also for equality purposes, the people who live mainly on the mountains, the Law N73(I)/2012 will not estimate on the total area of the basement’s property with height until 2.20sq mtrs. due to height differences of plots and has no use as a residential area.

The declaration will be submitted with the procedures which have been notified in previous circulars of VAT service in a form which have been notified on the basis of the above mentioned Law in the Official Gazette of the Republic of Cyprus.

(Source: Circular 167 of Ministry of Finance)

The procedure for granting Immigration Permit to third-country nationals

ANNOUNCEMENT

MINISTRY OF INTERIOR

New and accelerated procedure for granting Immigration Permit to applicants who are third-country nationals and intent to invest in the Republic of Cyprus 

1.     According to the provisions of Regulation 6(2) of the Aliens and Immigration Regulations, the Minister of the Interior decided to issue Immigration Permit to applicants, who are third-country nationals, provided that they fulfil the following criteria:

 (a)     The applicant must prove that he has at his disposal a secured minimum annual income of €30.000, from sources other than employment in Cyprus. The required income of €30.000 could derive from salaries of employment abroad and not in Cyprus, pensions, stock shares, rents, etc. The necessary minimum annual income is increased by €5.000 for each dependent person.

(b)     The applicant must submit the application form accompanied with a Title of ownership or contract of sale, of a property in Cyprus, a house, apartment or other building, of a minimum market value of €300.000 and proof of payment for at least €200,000. The contract of sale should already have been submitted to the Department of Lands and Surveys.

(c)     The applicant must submit a confirmation letter from a Cypriot Bank stating that he has deposited a minimum capital of €30.000 in an account, which will be pledged at least for a three year period.

It is noted that the amounts mentioned in paragraphs (b) and (c) should be proven to have been transferred to Cyprus from abroad.

(d)       The applicant must submit a Criminal Record Certificate (if the applicant resides abroad), which must be issued by the Authorities in his country of origin, and he should not constitute in general any threat against public order or security in Cyprus.

 (e)       The applicant should submit a Statement that he does not intend to work or be engaged in any form of business in Cyprus.

(f)         The applicants should visit Cyprus at least once every two years. 

2.         PROCEDURE FOR THE SUBMISSION AND EXAMINATION OF AN APPLICATION

(á)         The application should be submitted on Form (M.67) to the Civil Registry and Migration Department or to the District Offices personally or through post or through a representative. It is noted that the applications submitted to District Offices shall be transferred to the Civil Registry and Migration Department directly, without any processing.

 (b)        Applications which are submitted in Cyprus, personally or through a representative or by post, shall be filed in an ordinary file (the applicant should ensure that each relevant document of the application must be numbered with blue ink, from the first page to the last). Inside the file, there shall be included a checklist of all necessary documents, which must be submitted with the application form, which must be completed by the applicant or by a representative of the applicant.

 (c)    The application shall be examined by the Civil Registry and Migration Department and shall be submitted to the Minister of the Interior, through the Permanent Secretary of the Ministry, for a decision. For the purposes of the specific type of immigration permit, no personal interviews are necessary, except when the Permanent Secretary decides that an interview is necessary.

 (d)        The Ministry of the Interior shall inform the applicant or the representative of the applicant and the Civil Registry and Migration Department, about the decision of the Minister of the Interior.

(e)       The Immigration Permit shall not be cancelled, provided that the applicant will visit Cyprus one time at least, every two years period.

3.         After the publication of this Announcement, any third-country national who has applied for an Immigration Permit for Category F, may submit additional documents to the Civil Registry and Migration Department, in order to meet the criteria of paragraph 1 and have the application examined according to the provisions of Regulation 6(2) of the Aliens and Immigration Regulations, regarding the above-mentioned criteria and the relevant procedure.

4.         Provided that the criteria described in paragraph 1 are fulfilled and no further questions arise with respect to the Criminal Record of the applicant, or Public Order, the application shall be examined by the Minister of the Interior in a positive spirit and the Immigration Permit shall be granted.

5.         It is estimated that when applying the procedure described above, the period for the examination of the application, shall not exceed a period of 1-2 months.

6.         The present Announcement and the following documents, which must accompany the application form, can be found in the website of the Ministry of the Interior:  www.moi.gov.cy: 

• Application Form Ì.67
• Check List
• Affidavit
• Statement to the effect that the Applicant is not employed in Cyprus.

 

 (source : MINISTRY OF THE INTERIOR)

22 August, 2012

Obtaining two units of house or house and other residential premises from third country residentials in Cyprus

12/12/2012

ANNOUNCEMENT

With the aim of attracting investment to Cyprus from third countries and strengthen the licensing policy for migration to third parties provided that capital is imported from abroad to Cyprus. For the above reason it was held that it would provide the third country nationals with the opportunity to acquire more than one residence in Cyprus provided that criteria and conditions are met as follows:

(a) it is possible to obtain licensed land or land that has been separated into plots with an area of up to 4000sq mtrs to an alien or to a pair of aliens who are nationals of a third country, for the construction of a house for residential purposes. It is implied that in the circumstances of pair then only one license will be granted.

(b) to an alien or a pair of a third country nationals, it is possible to grant permit for acquiring up to two units in the same development, provided that the units are adjacent (in a horizontal or vertical sense) when involving homes/apartments, so that it is possible to merge them into one unit.

(c) these units may involve either two housing units (apartments or houses) or a residential unit and a store with an area of 100sq mtrs or a home office with an area of up to 250sq mtrs.

(d) in the case of the couple, the above limitation shall apply in total for the pair, that means it will not be allowed to acquire more than two units from the pair in accordance to the combinations described in paragraphs (b) + (c) above.

(source: translated from the ministry of interior)

Licenses of energy inefficient buildings

Following the recent announcement by the energy department regarding article 8a of the law we advise the following: the (amended) law on the regulation of the energetic performance of buildings provides administration fine of up to €30,000 to those owners who did not declare the fuel efficiency in commercial advertisement when their buildings were available for either sale or lease. We wish to mention that the certificates of energy performance of buildings bears on either to the authorized representative or through bidding of offers. Should you wish for more information please contact at numbers 99332990 -96449158

Announcement in Chinese

内政部公告 向愿意在塞浦路斯投资的第三国公民签发移民许可证的新快速程序。 1.根据外国人和移民法规（2）条例规定，内政部长决定向符合下列标准的 第三国公民签发移民许可证： （1） 申请人须证明其名下有至少3 万欧元的安全年收入。每增加一名家属的年 收入须至少增加5 千欧元。这部分收入可以是来自塞浦路斯以外的工资、 养老金、分红、股票、定期存款和租金等。 （2） 申请人须提交申请，附上至少价值30 万欧元的一套居所或其他建筑的 所有权证或已在土地及统计部门登记的销售合同的证明文件，以及已至 少支付20 万欧元的正式付款证明。 （3） 申请人须提交一家塞浦路斯银行出具的证明，显示其账户中已有至少3 万欧元，并保证三年存期。 上文（2）和（3）中的金额应证明其资金由国外转移至塞浦路斯。 （4） 申请人须提交一份原籍国出具的刑事记录证明，且总体而言申请人不会以任何方式威胁公众秩序和公众安全。 （5）申请人须证明不会在塞浦路斯直接或间接的受聘于任何人。 （6）申请人须至少每两年到访一次塞浦路斯。 2. 申请的提交和审议程序 （1）由申请人本人或通过邮寄或代理直接向民事登记和移民部及/或地区行政 部门提交申请。请注意，向各区行政部门提交的申请将不予作任何处理， 直接转交至民事登记和移民部。 （2）在塞浦路斯，由本人或通过代表或邮寄提交的申请，应放入一个普通的 文件夹内（申请人应负责任的提交申请，字母清晰，并确保用蓝墨水将申请的有关文件从首页到末页标注编号）。该材料应包括申请的报名表 格文件以及由申请人或代表申请人补充的其它附加文件。 （3）该申请将受益于民事登记和移民部的快速处理，通过内政部总干事提交 给内政部长。对于此类移民许可证申请，只在内政部总干事认为有必要 的一些情况下，才需要与申请人进行面谈。 （4）内政部会将内政部长的决定通知申请人或其代表，以及民事登记和移民 部。 （5）如果申请人不能每两年到访一次塞浦路斯，移民许可证将被取消。 3. 本公告发布后，任何已申请 类移民许可证的第三国公民，如果希望向民 事登记和移民部提交更多证明，以符合本公告第一条的标准，根据外国人和移民 法规（2）条例规定，请按上述标准和有关程序提交需审查的申请。 4. 须强调，如符合本公告第1 条的标准，除非申请人的刑事记录有问题或 妨碍公众秩序和安全，否则内政部长将以积极的态度审查其申请并签发移民 许可证。 5. 按本公告所述程序进行申请，估计审查期将不超过-2 月。 6. 可供网上下载的表格如下： • 申请表格 (Ì.67)。 • 与申请一同提交的文件清单希腊文和英文)。 • 申请人的年收入宣誓书和其它证明(希腊文和英文)。 • 申请人不在塞浦路斯就业的声明 (希腊文和英文)。 7. 有任何疑问请浏览民政厅的官方网站info@moi.gov.cy 。 内政部 2012 年8 月22 日

Answers to frequently asked questions relating to authorization for Migration

Cancellation of authorization granted immigration • The License Migration (Immigration Permit) is considered a permanent residence permit (Permanent Resident Permit). • According to the Aliens and Immigration Regulations, the Immigration Permit in the Republic may be cancelled if the holder remains outside Cyprus over 2 years and he acquired a permanent residence in another country. The licensee shall immigration visiting Cyprus at least once every 2 years. The same applies for dependent family members (spouse and minor children) who must also visit the island at least once every two years. • The immigration permit may be cancelled if the holders sell the real property, the purchase of which was approved granting the license. The Civil Registry and Migration Department will carry out, through the Department of Lands and Surveys, periodic checks to determine whether the licensee immigration has sold real property upon which has secured the license migration. Applications / Certification Documents • The documents accompanying the application must be original. If submitted copies should be certified by the competent authority. Possible when submitting the application to the Department to present the original and then the Officers will receive the application can certify the authenticity of copies for a limited number of documents. • Certification of documents translated into Greek / English (where necessary) should be done at the Foreign Ministry of the country of origin of the applicant, the Embassy of Cyprus in the home country or the embassy of the country of origin in Cyprus. • Applications submitted through an agent must be accompanied by authorization of the applicant and the agent may sign the application on behalf of the applicant. • From 04.02.2013 with the request to examine migration license fee is paid of € 500. Annual Income • The statement of the annual income of the applicant should be attached supporting documentation and appropriate and origin under declared income, for example, certification of annual income from the Internal Revenue country of origin certificates from foreign banks for interest on deposits, lease contracts for rents from real property, payroll certification from work certificate dividends from investments, etc. Housing market • The applicant, among others, must submit proof of payment of € 200.000 (excluding VAT) at least, along with the application for immigration permits, regardless of the date of delivery of the house. • The market value of a home or other building of € 300,000 set in a government policy does not include VAT. • By other means building offices, shops, warehouses, hotels, etc. • The market value of € 300.000 may be the sum of the market value of housing units or other buildings beyond one (since not including VAT). Namely, it is possible to include in the application an apartment with a market value of € 180.000 and a shop with a market value of € 120.000. • The total amount to be used for the purchase of a home or other building has proven to be imported into Cyprus from abroad. Will require the submission of import certificate exchange or any other sufficient evidence to prove, beyond reasonable doubt, that the total amount of the market value has been imported from abroad. • It is possible to apply the new procedure by persons who purchased properties in the past, provided they demonstrate that the total market value of the property came from abroad. Otherwise, you can apply for an immigration permit, under Regulation 5 of the Aliens and Immigration Regulations. Commitment amount to € 30.000 Bank of Cyprus • The deposit must be made in Cyprus Bank Account with a commitment for 3 years. • A deposit in the amount of € 30.000 can be maintained in foreign currency, provided that they take into account the foreign exchange and interest rate risk, to ensure that the equivalent would remain constant at least €30.000. • Over the three years, the applicant shall not be entitled to transfer the reserved amount to another bank account. • If rejected or revoked license migration, the Home Office will officially inform the affected person will submit the application for an immigration permit or license held by the migration, and that person will be responsible for informing the Bank to the release of the amount. The bank before undertaking any action release of this amount will require the applicant as submit the relevant certificate to be issued by the Ministry of Interior for the rejection / revocation of license migration. • After the lapse of three years, it is not mandatory commitment in the amount of € 30.000 and the reserved amount can be released and does not require any updating of the Interior Ministry. However, the licensee must continue to have a bank account in Cyprus, to demonstrate the possibility of living in Cyprus, without pursuing any profession in Cyprus. Dependents • The term refers to persons dependent spouse and minor (under 18 years) children of the applicant, Adult (18 and older) children must submit their request, and must meet all the criteria separately, without exception. • The application is made in the name of the person who has income and investment and the spouse and minor children will be considered dependent. If both spouses qualify each individual may submit a separate application. • Children who were included in the authorization of their parents, who come of age, but are still dependent must submit their own separate application which will be considered within the family and with this data. Employment Applicant • The applicant shall certify that it will not be employed by any person directly or indirectly within Cyprus. • Avoiding taking up employment in Cyprus does not prevent the claimant to be a shareholder in the Cypriot company in Cyprus, provided they are not practicing with pay or without pay. The same applies for dependent family members. • The statement of intention not to take up work must be done by the applicant and his wife. Sworn statement • If the applicant is in Cyprus sworn statement made in Court. If the applicant is abroad, mere declaration. Trafficking in an EU Member State using the License Migration • In case the holder of such license will be traveling in an EU Member State, it is appropriate to refer to the Embassy of KM in order to ascertain whether the holder of an immigration permit issued by the Republic has the right to travel in MS EU, without the need to secure a visa. (On the subject of travel facilities within the EU Interior Ministry will resume when more information).

APPLICATION FOR IMMIGRATION PERMIT

(M.67) REPUBLIC OF CYPRUS The Aliens and Immigration Regulations, Cap. 105 APPLICATION FOR IMMIGRATION PERMIT UNDER ANY OF THE CATEGORIES A TO F, INCLUSIVE, OF REGULATIONS 5 To the Chief Immigration Officer, Nicosia, Cyprus. I hereby apply for a certificate under Category……………………………………………….. Particulars are as follows:

PART I – PARTICULARS OF APPLICANT

1. SURNAME……………………………………………………….
2. NAME…………………………………………………………….
3. Profession………………………………………………………… Photograph
4. Address…………………………………………………………… ………………………………….Tel………………………………..
5. Place of Birth……………………………………………………..
6. Date of Birth……………………………………………………..
7. Sex………………………………………………………………..
8. Married / Single / Widowed / Divorced……………………………………………………………………
9. Maiden Name………………………………………………………………………………………………
10. Nationality………………………………………………………………………………………………..
11. Passport No……………………………………..issued at………………………………………………. on……………………………………………….valid until…………………………………………….. 12. Particulars of previous residence in Cyprus over than three months……………………………………. …………………………………………………………………………………………………………… …………………………………………………………………………………………………………… ……………………………………………………………………………………………………………

PART II – PARTICULARS OF PERSONS DEPENDENT ON AND ACCOMPANYING THE APPLICANT
S/N Full Name Place of Birth Date of Birth SEX Nationality Condition (single,married,widowed or divorced) Relationship 1. 2. 3. 4.

PART III – PARTICULARS OF PERSONS DEPENDENT ON AND NOT ACCOMPANYING THE APPLICANT S/N Full Name Place of Birth Date of Birth Sex Nationality Condition (single,married,widowed or divorced) Relationship PART – IV Please fill in the section that matches the Category for which you apply and attach documentary proof.

CATEGORY A

1. Business proposed to be undertaken in Cyprus………………………………………….
Agriculture ……………………………………………………………………………………………
Or Animal Husbandry

2. Interest in land in the island acquired / for the acquisition of which permission has been obtained……………………………………………………………………….. ……………………………………………………………………………………….
3. Capital sum held in applicant’s own right and at his full and free disposition and where situated……………………………………………………………………….

CATEGORY B

1. Type of mining in which the applicant intends to engage in Cyprus…………………… Mining ………………………………………………………………………………………
2. Particulars as to prospecting right or license in possession of / obtainable by the applicant…………………………………………………………………………….
3. Capital sum held in applicant’s own right and at his full and free dispositin and where situated………………………………………………………………………………….

CATEGORY C

1. Trade or business which applicant intends to carry on in Cyprus……………………. Trade ………………………………………………………………………………………… Or
2. Particulars as to license (if a license is necessary for carrying on the trade or business) Business in possession of / obtainable by the applicant………………………………………….
3. Capital sum held in applicant’s own right and at his full and free disposition and where situated………………………………………………………………………………….

CATEGORY D

1. Qualifications of applicant……………………………………………………………. Academic
2. Capital or assured income of which applicant is in possession and where situated……. Professions ………………………………………………………………………………………….

CATEGORY E

1. Nature of employment (not being temporary employment) which the applicant has Employment accepted in Cyprus……………………………………………………………………. …………………………………………………………………………………………
2. Particulars of qualifications……………………………………………………………
3. Name and address of employer……………………………………………………….

CATEGORY F

Particulars of income and source from which derived…………………………………… Applicants …………………………………………………………………………………………… of independent …………………………………………………………………………………………… means …………………………………………………………………………………………… Dated…………………………………………… ………………………………………….. Signature of Applicant

 

IMMIGRATION PERMIT

Immigration Permit Required Documents / Certificates under Reg. 6(2)

1. Copy of valid passport.
2. Copy of valid temporary residence permit (if the applicant resides in Cyprus).
3. Curriculum Vitae (including academic qualifications).
4. Statements of deposits in a Cypriot Bank account, of a minimum capital of €30.000 (original).
5. Declaration of a secured annual income of a capital of €30.000 at least, from sources other than employment in Cyprus (original documents and affidavit). The necessary annual income is increased by €5.000 for each dependent person.
6. Title of ownership or contract of sale of a built property in Cyprus of a minimum market value of €300.000 (original or true copy). If the title of ownership has not been obtained yet, the applicant must submit the contract of sale duly stamped by the Stamps Commissioner and the Department of Lands & Surveys and proof of payment for at least €200,000.
7. Official Statement by the applicant that he/she does not intend to work or be engaged in any form of business in Cyprus.
8. Health Insurance Policy.
9. Criminal Record Certificate (if the applicant resides abroad, the certificate must be issued from his country of origin, and submitted with an official and certified translation into Greek).
10. Marriage Certificate (official and certified translation) (if applicable).
11. Children’s Birth Certificates (official and certified translation) (if applicable).
12. Other documents which are submitted with the application.