This type permanent residence permit is addressed to individuals who are not going to be employed or work in the Republic of Cyprus but they will stay in Cyprus as permanent visitors (subject to exceptions based on the type of investment).
Following the recent changes announced by the Civil Registry and Migration Department and which are applicable from 02/05/2023, the following criteria apply to this type permanent residence permit.
We would like to remind the deadline for the submission of the Employer’s Tax Declaration (TD7) is 31 May 2023.
Pursuant to the Beneficial Ownership (Amendment) Act 2022 and the Beneficial Ownership (Amendment) Regulations 2023 (together the Amendments), various legislative amendments to the Beneficial Ownership Act, 2020 (the BO Act) and the Beneficial Ownership Regulations, 2020 (the BO Regulations) have come into force with effect from 30 December 2022 and 28 April 2023 respectively. The Amendments have been implemented to meet new EU and FATF Standards.
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