
No. Category F is specifically for people who will not engage in any business, trade or profession in Cyprus; you must live off your foreign income.
The defining condition of Category F is that the holder does not engage in any business, trade or profession in Cyprus. The permit is designed for people of independent means who support themselves from a secured income, typically arising abroad. Because employment and active business in Cyprus are not permitted under this category, applicants who intend to work locally need a different permit. (Holders can generally still hold passive interests such as shares and receive dividends, since that is income rather than employment.)
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