Unlike the Fast Track Permanent Residency, Category F does not have a strict requirement for the purchase of a property. It is recommended to purchase a property in Cyprus of any amount. There is no need for such property to be a new property from a developer, and there is no requirement for the money for the purchase of the property to be transferred from an overseas account of the applicant. Category F is flexible since it allows of renting out a house prior to outright purchase.

The applicants must possess and have fully and freely at their disposal a secured annual income of at least €9568,17 for a single applicant and moreover at least €4613,22 for every dependent person, but the Immigration Control Board may demand additional amounts as necessary. This income must be derived from legally accepted sources from abroad and can be from salaries, pensions, stock shares, rents.

The applicant should deposit in his/her Cyprus bank account an amount between €15,000 to €20,000. Such amount does not need to be pledged or be fixed deposit, and can be used after the application.

Unlike the Fast Track Permanent Residency, only children up to the age of 18 can apply as dependent. When the children become 18 years old, their permanent residency under Category F will no longer be valid. The parents of the applicants are not eligible to apply as dependents.