I'm a freelancer with fluctuating income but it's generally in the $45,000 to $55,000 bracket, which I have records for. However, in two out of the previous five years, it was slightly less than $45K. Would I qualify for a golden visa?
To be eligible for the Golden Visa permit or as named in Cyprus, the permanent residence permit under Reg. 6(2) one must prove that he has at his disposal a personal secure annual income of at least Eur 50,000. In addition, the applicant must purchase property of a value of Eur 300,000 + VAT.
The law states that the applicant should, in addition to the investment, be able to prove that he has at his disposal a personal secure annual income of at least €50,000. This annual income increases by €15,000 for his/her spouse and by €10,000 for each of his/her or his/her spouse’s dependent minor child. This income should derive from abroad and may include salaries or wages, pensions, dividends from shares, bank deposits interest, rents, etc., which can only be proved through a tax return declaration from the country he declares tax resident. Accordingly, if you can prove the above at the time of your application submission, you are considered eligible.
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