Residency in Cyprus

A director of an IBC can be granted a permanent residence permit in Cyprus on the basis of his position in the company. The list of documents which needs to be presented to the competent authorities includes the following:

- copy of the passport of the applicant and his contract of employment, duly stamped

- certified copies of all of the corporate certificates of the IBC

- profile describing the nature of the company's business, its objects and the details of its office operations

- list of the full names and details of the shareholders of the IBC

- a form showing the current and potential employees of the IBC

- a bank statement of the company's account showing that the company has not less than 41,000 euros in the account

- a tenancy agreement showing the title of ownership of a company in relation to the company's office or sale contract. If one of the documents mentioned is not available at the time when the application is filed, it can be filed with the relevant authorities within 3 months.

- a bank statement showing that foreign shareholders have made a direct investment of capital in the company's account

- a bank guarantee for 350-800 euros in favour of the applicant, the sum depends on the country of applicant's residence

- a clean criminal record (apostilled if necessary or stamped by the Ministry of Foreign Affairs in the country of origin and certified by the embassy of that country in Cyprus)

- medical/health certificate (apostilled if necessary or stamped by the Ministry of Foreign Affairs in the country of origin and certified by the embassy of that country in Cyprus)

Applications and other relevant documents can be filed with the competent authorities once the company is registered in Cyprus. This procedure also applies to other executive staff of the IBC.

Our company can deal with the above matter and take care of the whole process on your behalf but please note that the fee for this is not included in the price of the company registration.