If Cyprus successfully joins the Schengen area, will permanent residents be able to enjoy the benefits?

I obtained Cypriot permanent residency through its investment immigration program several months ago. I heard that Cyprus has submitted its application of joining the Schengen area. If Cyprus becomes a Schengen country, will permanent residents of Cyprus be able to enjoy the benefits?

Answers

On Yiannos Vasiliou answered:

Provided there are no conditions from the European Union for current residency permit holders, yes, you shall be able to enjoy the free movement within the area of Schengen zone countries.

Savvas Poyiadjis

Fidescorp Chartered Accountants

On Savvas Poyiadjis answered:

Yes, should Cyprus become a full member of the Schengen zone, residency holders are expected to enjoy the full benefits of travel.

Anthony Indianos

Costas Indianos & CO – Advocates & Legal Consultants

On Anthony Indianos answered:

Yes, permanent residents shall be able to move freely in the Schengen area.

On Celia Pourgoura answered:

It would seem that if Cyprus enters the Schengen scheme, then all residence permits will be turned into Schengen visas if those follow the criteria as they would be imposed by the European Union.