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For people who have purchased property, is residential permit easily available?

April 26, 2017EASILY people permit Property Residential

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For people who have purchased property, is residential permit easily available?

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Temporary Permit: The requirements for this permit is the production of a sales agreement and a Cypriot Bank Account. The residential permit can be from 1 year to 4 years Permanent Permit: In addition to be above the applicant must establish proof of an annual income of 10.000 per annum for a couple. After April 2004, as Cyprus becomes a member of the EU, the procedural restrictions on the property purchase on EU members will be lifted. All restrictions on property on EU members will be lifted April 2009. However as from April 2004 EU citizens will not require either a residential or a working permit. This development is expected to cause an increase, in demand and property prices in Cyprus .