The Republic of Cyprus is considered by many people as an ideal and attractive country to live and retire primarily due to the warm weather throughout the year, the safety, the stability of its economy and all other privileges that any European state provide to its residents.
The Cypriot government’s intention over the last years to increase foreign direct investment, in order to boost the country’s economic development. The Cyprus government has modified the relevant “Aliens and Immigration Regulation” into a more simplified one in order to approve and issue Residence Permits to a non-European applicants and qualifying dependents that would like to stay as permanent residents in Cyprus provided that the certain requirements and criteria are met and are outlined further down. The Cyprus Permanent Residency does not expire and there is no need for renewal. In essence, it is an unlimited Cyprus residency permit.