Acquisition of Permanent Residence with working permit (PR) in Cyprus
The conventional schemes of acquiring the status of permanent resident in Cyprus entail two considerable disadvantages that discourage a significant number of candidates from proceeding with an application:
- They do not allow any form of working activity
- In the case of the Fast Track procedure 6(2) they impose as an indispensable criterion the acquisition of a property no less than €300,000 while in the case of Category F, the purchase of a house constitutes a decisive factor for the approval of the application.
The fully-fledged legal department of AFC has managed to discern ingenious structures, enabling those candidates who want to work in Cyprus or those who want to avoid an investment in real estate to acquire PR.
For more information communicate with one of our legal advisers at: email@example.com