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This permit depends up on the applicant’s level of income including pensions and investments. Getting a permanent residency or a Green card is not an easy job in Cyprus, especially for foreigners. Foreign nationals are eligible to apply for a Passport after living for 7 years in Cyprus. Along with that, they have to ensure that are going to stay permanently for the next five years in Cyprus.
Salaries should be min Euro 41,006.43 per year for an Executive director and min. Euro 20,844 per year for an Executive staff. For supporting staff, Labor Office approval is required.
Another way to get a Green Card is through buying a house in Cyprus for €300.000 or more. This can help him/her to get a permanent residence permit.
Thus, the Cyprus government is spreading a message to have sufficient income to live with their family without becoming a burden. Also they should have medical insurance.
For those who are not having any source of employment, Immigration Permit F is issued after proof of a secured annual income is shown.