Retiring to Cyprus or Moving to Cyprus after Brexit
Under section 5 of the Aliens and Immigration Regulations, non-EU nationals are entitled to a Cyprus permanent residence permit under Category F, without the strict requirement of a property purchase.
Category F enables third-country nationals who have fully and freely at their disposal a secure and regular annual income, which is high enough to provide a decent living in Cyprus without having to engage in any business, trade or profession in Cyprus, to apply and obtain a Cyprus Residence Permit for them and their spouse and/or their children (under the age of 18).
The main advantage of the Category F residence permit is that a purchase of a property is not required. It is sufficient to simply rent a property in Cyprus. Also, the required annual income requirement is much lower than the equivalent requirement of the fast-track process under Regulation 6 (2) as detailed above. However, processing of the application takes significantly longer than the processing of an application for the fast-track permanent residence permit.
The required yearly income starts from €9568 for one applicant plus €4613 for each dependent person. Also, the applicant must deposit in his/her bank account in Cyprus an amount of approximately €15,000 to €20,000. This amount is not pledged but merely a deposit and the the funds can be used after the application process is completed.
Applications are reviewed by the Immigration Control Board, and the Minister of the Interior will grant final approval. Examination and processing of applications takes around 12-18 months.
This category would be the most appropriate route for those wishing to retire in Cyprus and have savings or receive a pension or income from abroad or for UK nationals wanting to move to Cyprus after Brexit.