Yes, you can change, but you have to inform the authorities.
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How can foreign investors change their address without affecting their permanent residency status?
I bought a property in Cyprus with the aim of qualifying for permanent residency. But after living there for a few months, I've decided to move to another part of the country. How does my change of address affect my permanent residency status?
Answers
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If you wish to change your permanent residence, you will need to contact immigration and inform them and give them your reason. Please note you cannot rent the property that you used to show in your application as your permanent residence.
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