Friday, November 22, 2024

Brexit: Cyprus to offer permanent residency to British expats

The European Union has reached an agreement with the UK on citizens’ rights, ahead of the UK leaving the EU on 29 March 2019. This Agreement will become legally binding once it is set into force.

 

The Withdrawal Agreement will protect those UK nationals and their family members who have already exercised or will exercise their free movement rights in Cyprus before 1 January 2021 (before the end of the transition period).

 

Brexit Transition period  runs from 30 March 2019 to 31 December 2020. During this period free movement of UK nationals and their family members will continue.

 

According to the Cyprus civil registry and migration department,  in line with the draft Withdrawal Agreement published in March, its implementation will mean that:

 

  • UK nationals and their family members who, by 31 December 2020, have been continuously resident in Cyprus for five years will be eligible for permanent residence.
  • UK nationals and their family members who already reside in Cyprus or arrive by 31 December 2020, but will not yet have been continuously resident in Cyprus for five years, will be eligible for residence, enabling them to stay until they have reached the five-year threshold, allowing them to apply for permanent residence.
  • UK nationals and their family members who are covered by the Withdrawal Agreement, will be able to continue their lives in Cyprus, with the same access to work, study, benefits and public services that they enjoy now, subject to the specific provisions provided for in Withdrawal Agreement.

 

Read more here

 

Prabhu Balakrishnan
Prabhu Balakrishnan
Founder of Citizenship by Investment News. Chief Editor with over 15 years experience in PR and News publishing. He Loves writing about citizenship, residency and wealth migration. CIP Journal is a Leading publication founded in 2017 bringing latest news from CBI/RBI market.

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