TEMPORARY RESIDENCY PERMIT ("PINK SLIP") Non-EU citizens who come to Cyprus for long-term purposes without employment rights, should obtain special temporary permits, commonly referred to as a “Pink Slip”. The investment criteria come into play only when you wish to employee non EU personnel for your Cypriot company. The holder has access to employment in all international and local companies, and has the right to change employer. different names may be used for one concept. Applicants must have: Applications are reviewed by the Civil Registry and Migration Department and the Minister of Interior grants final approval. EU Residency, Live In Europe, Work in Europe, Europe Residency. Foreign students who come to Cyprus on a Study Visa have to register their stay and get a temporary residence permit upon arrival. Temporary Residence Permit Application Form, completed and signed. They are not allowed to work full-time, and even so, only in certain sectors of employment. Requirements for Obtaining a Cyprus Work Permit. As a foreign national with no blood links to Cyprus, you become eligible to apply for Cypriot citizenship once you have lived in Cyprus for at least seven out of ten years, and: Cyprus Temporary Residence Permit Requirements. If the Cyprus registered international company shall employ a non-EU national for the first time, it must submit an application to become eligible to employ non-EU nationals. These Permits are usually issued for a period of 1-2 years but become void if the holder is out of Cyprus for more than three continuous months. Visitor’s Visa) across the EU, facilitating access to the Schengen zone; EU Nationals from member states have the right to enter Cyprus by simply showing a valid EU passport or ID card without having to register upon arrival. The applicants should also have available suitable accommodation for themselves and their dependants. It does not expire; therefore, the holder does not need to renew it. On corporate taxation, Cyprus has one of the lowest tax rates in the European Union. What is the processing time for a Cyprus Residence Permit? The company’s application package consists of a number of corporate documents such as company incorporation, directors’ and ultimate shareholders’ certificates, as well as deposits of funds in banks operating locally. Residence permit in Cyprus by buying property Main requirements needed to gain Permanent Residence Permit in Cyprus within 3 months: Purchase a Cyprus property worth over €300,000 +V.A.T. They may renew their temporary residence permit for the duration of their studies. If you have dependents (children under 18 and a spouse), you must have an additional annual income of €5,000 a year for each one. There are no restrictions for the EU citizens. A Long-Term Residence Permit has a five-year duration and is renewable. This Permit is granted for an indefinite duration to non-EU nationals who comply with the requirements of applying under each Category. Germany (23%), Italy (18%), France (14%), Spain (13%) and the United Kingdom (8%) accounted for three quarters of all valid residence permits granted to non-EU citizens. The non-EU citizens, should comply with the following procedure: To apply for a Temporary Cyprus Residence Permit, you must submit the following documents: The Permanent Residence Permit for Cyprus is valid for up to five years, and can be renewed before it expires. Real estate investors can obtain permanent residency in Cyprus upon meeting specific requirements. The long-term residence permit of the European Union in Cyprus Non-EU citizens can obtain a long-term residence permit if they have lived in Cyprus for five uninterrupted years. If you are a student or foreign worker, your school or employer will help you with the application process. This application is submitted concurrently with that for the issue of a Temporary Employment and Residence Permit to the first non-EU national employee. Residence permit in Cyprus by buying property. The number rose by 6% (or 163 000) compared with 2018, continuing the upward trend observed since 2013. You must have a work contract that’s either open-duration or for a minimum of 18 months. The most popular of these is the Cypriot Residence Permit for Non-EU Citizens. Non-EU nationals wishing to reside and work in Cyprus need to apply to the Civil Registry and Migration Department for a Temporary Employment and Residence Permit. Retirement Visa. Long-term residence permits in Cyprus are valid for five years and can be renewed. It is issued in one of the following cases: If you have lived in Cyprus with a Temporary Residence Permit for at least 5 years, during which time you did not leave Cyprus for longer than three months. Examination and processing of applications takes around six months. Employment by companies owned by Cyprus or other EU nationals is subject to very restrictive regulations. During 2017, Cyprus granted residence permits to 18,291 non-EU citizens (also referred to as third country nationals) from: India – 4,710 (24.8%) In general, for the purposes of this specific type of immigration permit, no personal interviews are required. Non-EU nationals wishing to reside permanently in Cyprus can do so by applying for an Immigration Permit on the basis of one of the Categories mentioned below. You should visit the website of the Civil Registry and Migration Department to look about their contact information and make an appointment. The application package for the issue of the Temporary Employment and Residence Permit includes a number of documents such as a clean criminal record, medical insurance certificate, bank guarantee and medical examination results. All companies of foreign interests need to fulfil certain requirements to obtain the approval of the Civil Registry and Migration Department and be able to employ Non-Eu citizens. What is the Cypriot Residence Permit For Non-EU Citizens? I want to move to the UK/EU. If you are an investor from a non European Union country and wish to set up a business and operate from Cyprus there are certain basic preconditions- investment criteria that are applicable.. Cyprus Residence Permit by Investment for non EU Cyprus offers an accelerated procedure for the granting of Cyprus Permanent Residence Permits through investment, thus making Cyprus as an ideal destination or non-EU nationals wishing to acquire a permanent residence in a European country. Other documents which are related to the reason you want to live in Cyprus, such as: Marriage/birth certificate for family reunion, Proof of enrollment in an educational institution for international students, You must prove you purchased the property with funds acquired outside Cyprus, You must have an annual income of at least €30,000, which you receive from outside sources. However, you must fulfill certain conditions, such as: A Cyprus Permanent Residence Permit allows the holder similar rights to Cypriot citizens, including: You can also get residency in Cyprus if you fall under one of the following categories: You can only receive an Immigration Permit in one of the above-mentioned categories if the Immigration Control Committee recommends to the Minister of Interior that you meet the requirements of one of those categories. Foreign citizens may make an application to obtain an Immigration Permit on the basis of one of the Categories referred to in Regulation 5 … The Immigration Permit grants non-EU nationals, as well as their wife/husband and children under 18 years old, the right to permanently reside in the country and travel to Cyprus without immigration entry procedures. Since June 2014 Cyprus accepts a valid Schengen Visa (category C, double or multiple entry) equivalent to its national visa for transit through or intended stay on its territory not exceeding 90 days in any 180-day period. In the EU, check with your host country’s authorities as soon as possible if it is mandatory to apply for a new residence status. The incredible diversity and endless opportunities have attracted people for centuries. CYPRUS PERMANENT RESIDENCE - RESIDENCE PERMIT - IN 2021 Cyprus Residence Permit - Background Cyprus is a tranquil island strategically located in the heart of Europe but at the crossroads of three continents - Europe, Asia and Africa. This is also known as the “fast-track” option. A recommendation for the employment of aliens is made by the Ministry of Labour and Social Insurance after it. However, the temporary residence permit does now automatically authorize the holder to work. by Alex Constantine. Non-EU nationals have the option of staying in Cyprus, as visitors, for over 3 months period provided that they have successfully applied for such permit at the Civil Registry and Migration Department of Cyprus. We are specialized in migration, overseas study, business visit, preparing visa application as well as providing the ideal property. Cyprus Permanent Residency. Non-EU citizens who wish to extent their stay in the Republic of Cyprus to more than 90 days may apply under the category of Temporary Residence Permit, known as “Pink Slip” .The procedure for obtaining this permit is considered as a very simple one and successful applicants may easily renew their permit … If you have been in Cyprus for less than 5 years you should apply for an MEU1 (temporary residency permit). For non-EU citizens however, moving to an EU nation can be a more difficult prospect. Find out more about Permanent Residency with us! Close to their expiry, applications for renewal must be prepared and submitted to the Civil Registry and Migration Department. You may obtain a Residency permit for a period from one up to four years. Today, the EU is uniquely positioned to meet the challenges of the coming century. If your application is approved, they will contact you to go and receive your residence card. 4. Every foreign national who comes to Cyprus to work has to get a residence permit upon arrival. Non EU citizens who legally purchase a property in Cyprus of a value exceeding €300,000.00, are entitled to apply for and receive an immigration permit. It is also known as a Cyprus immigration permit or unlimited residency. Persons who have fully and freely at their disposal a secure and regular annual income, which is high enough to provide a decent living in Cyprus without having to engage in any business, trade or profession. Non-European citizens are allowed to apply for Residence Permit in Cyprus on the basis of the Categories referred to in Regulations 5 and 6(2) of the Aliens and Immigration Regulations. Permanent Residency for Non-EU Citizens or Nationals. The dependants of employed non-EU nationals (wife/husband and children under 18 years old) can also obtain Temporary Residence Permits through a separate application submitted under the Family Reunification process. In order to obtain a residence permit, you should only fill out an application form at the Immigration Service. Capital Gains derived from the sales of shares are tax-exempt, those from immovable property may be taxed at a 20% rate. You may bring dependent children from 18 to 25 years old, provided that they, Prove you do not intend to take up paid employment in Cyprus, You must enter Cyprus at least every two years to maintain your status as a Permanent Resident, Access to employment and self-employment opportunities, without restrictions, Access to freedom of movement within the EU territory, Access to Social assistance and Social protection, The Civil Registry and Migration Department, if you will be living in the Nicosia District, At a District Immigration Unit, if you will be living in another District, For family reunification: within nine months, For permanent residency: within twelve months (two months via the fast-track option), You lived in Cyprus continually for the year immediately preceding the application. EU/EEA Nationals: Under the EU principles of freedom of movement, EU/EEA Nationals are free to work in Cyprus without a work / residence permit. VISA/TEMPORARY RESIDENCE PERMIT REQULATIONS FOR NON-EU STUDENTS . (In case self-isolation is required, the preparation of the documents can be done after the quarantine is over) 1. Employment by companies owned by Cyprus or other EU nationals is subject to very restrictive regulations. How to apply for a Cyprus Residence Permit? A copy of your passport’s relevant pages: personal information, expiry/issuance date, previous visas. After five years of continuous residence in Cyprus, you can apply for a Permanent Residence Permit. A Temporary Residence Permit (Pink Slip) is for non-EU citizens in Cyprus for long-term a Temporary Residence Permit (Pink Slip) can be issued for 1-4 years The ' Pink Slip ' is a special temporary permit issued for Non-EU citizens who come to Cyprus for long-term purposes. 3. Applicants must have in place an Employment Contract with a Cyprus registered international company, providing for an annual salary of over €20,504. Applications are reviewed by the Immigration Control Board and the Minister of the Interior grants final approval. A Pink Slip can be easily renewed for another term. Simplified Procedure of Obtaining This includes non‑EU family members. For non-EU citizens however, moving to an EU nation can be a more difficult prospect. This type of permit can be issued for a period of 1 to 4 years (with a limitation of absence period not more than 4 months). Non-EU nationals can be employed by a Cyprus registered international company, as long as more than 50 percent of its shareholders are foreign nationals. Work permits for companies owned by non-EU citizens. Residence permit for Cyprus. These Permits are usually issued for a period of 1-2 years but become void if the holder is out of Cyprus for more than three continuous months. Proof you have the required financial means to sustain yourself in Cyprus, Medical certificate, stating you are negative for Tuberculosis, Hepatitis B and C, HIV/AIDS and syphilis, issued within the past 4 months. These Permits are issued for one year and can be renewed upon expiry. A non-EU resident needs to get an Immigration Permit to stay in Cyprus permanently. See below the procedures for obtaining permanent and temporary residence permits. Non-EU family members of a third country national who has prospects of applying for a permanent residency permit in Cyprus, can obtain a Resident Permit. According to the law, a non-resident of Cyprus, who owns property in Cyprus has the right for a residence permit. According to the law, a non-resident of Cyprus, who owns property in Cyprus has the right for a residence permit. The above permits are issued within 7-10 working days after application submission. You have to get the visa in your country of residence and after arriving in Cyprus, apply for the residence permit. As such, if you are an EU or EFTA citizen and want to stay in Cyprus longer than 90 days, you have to simply register your stay at the Civil Registry and Migration Department and get a Registration Certificate (also known as a Yellow Slip). Non-EU citizens who had resided legally and continuously in Cyprus for five years before the filing of the application and had for the entire prementioned period valid Cyprus temporary residence card are entitled to apply for the so-called long-term residence permit. The Permanent Residency Card for non-EU family members is valid for 5 years and can be extended. EU/EEA Nationals: Under the EU principles of freedom of movement, EU/EEA Nationals are free to work in Cyprus without a work / residence permit. Any EU State ), if such work permit might deprive a Cypriot... 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