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An application for a permanent residency under category “E”, is for people who wish to work in Cyprus, however only under the employment of a particular company which will be specified in the relevant application. In the event of termination of the employment, the approval is automatically cancelled and the applicant must leave Cyprus immediately.
The following documents are required:
Copy of Passport (s)
Pink Slip (s)
Alien Book (s)
Original bank statements, signed and stamped by the bank
Sales or Lease Agreement for property bought, or title deed
Birth Certificate for children
Updated Curriculum Vitae (CV)
Letter from the company that the applicant will be employed on a permanent
Copy of the last contract of employment
Last payment of the Social Insurance Donation.
Income Tax Declaration
Complete the attached Form, M.67
The Migration Department would like to stress the meaning of Point 5 (Secure Income/Investments), so that applicants include the correct type of information as to let the approval procedure to progress smoothly.
“Secured Income” means income that is derived from pensions, dividends from investments, interest from bank accounts and any other form of income that is not based on the applicant’s employment income or any donations from children or family; these are considered to be a form of unsteady income. In the case of bank deposits, or investments, only the income derived from such investment is accounted for as “secured income”, and not the amount invested or deposited.
The minimum amount of income which is accepted by the Migration Department is €9.568 for the applicant, and a further €4.613 for each member of the family, etc, children, wife/husband. A. Karitzis & Associates L.L.C., would also like to inform applicants, that during approval procedures, the Migration Department gives great emphasis upon the Secured Income and Investments of each applicant, thus the higher a secured income, the higher the possibilities of being approved. Furthermore, the Migration Department, requires proof from each and every applicant regarding their Secured Incomes and Investments, which are investigated thoroughly in concern to their authenticity.
The Migration Department, hold a board meeting twice a year to view and consider each application. If approved the fees to be paid will be €118,64.