The Category “F” Permanent Residency of Cyprus
This type of permanent residency permit in Cyprus is granted for only those non-EU citizens, who have a secured annual income, which is enough for the cost of living in Cyprus. This income must come from abroad. For example capital gains, deposits, business activities, ownership of companies, pensions, etc.
This Cyprus residency permit concerns only non-EU citizens, it is granted to the applicant and for his/her family till the rest of their lives. It is also granted for the minor children (under 18 years old but with some exceptions till the age of 25 years old). The new residents are not allowed to work in Cyprus, but they may have a company in Cyprus and receive the dividends from the profit.