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Residence Permit
Foreign Persons (other than E.U. citizens) who have purchased property and are retiring in Cyprus can apply to obtain this permit. The granting of the permit is based upon the living level of foreign income available to support oneself and this includes pensions and income from investments or otherwise. A proof of an annual income of CY£12,000 is usually considered satisfactory for two retired persons. A foreigner can apply for a Cyprus Passport after 7 years in Cyprus, (E.U. directive for foreign personnel). After five years of permanent stay and/or working in Cyprus the Directive states that a foreigner cannot be expelled but has the right to stay in Cyprus and on the end of the 7th year can apply for the Cyprus nationality.