Obtaining a residence permit in Cyprus in 2024 has become more structured and accessible thanks to various programs and conditions. This article provides a detailed guide on the main options and requirements for obtaining a residence permit on this Mediterranean island.
Visitor visa
Visitor visa (Pink Slip): The temporary residence permit, also known as the Pink Slip, allows foreign nationals to extend their stay in Cyprus for more than 90 days. This type of permit can be issued based on the fact that you have a source of income located outside Cyprus.
Required documents:
- Completed application form (MEU1).
- Two passport-sized photographs.
- Copy of a valid passport.
- Marriage and birth certificates (if applicable), translated into English and certified.
- Proof of accommodation (lease agreement for at least one year).
- Bank statements from a Cypriot bank.
- Proof of income and employment (if employed in Cyprus).
- Health insurance.
Permanent residence permit through investment program
Permanent residence permit: A permanent residence permit can be obtained through a government program designed for investors who contribute to the Cypriot economy.
Requirements for investors:
- Investment of at least €300,000 in real estate or a business in Cyprus.
- Proof of an annual income of at least €50,000, plus additional amounts for dependents.
- A deposit of €30,000 in a Cypriot bank for three years.
- No criminal record.
Advantages:
- Obtaining the permit within a few months.
- The ability to live and work in Cyprus without restrictions.
- Eligibility to apply for citizenship after 8 years of residence.
Work residence permit (work visa)
A work residence permit is granted to foreign nationals who come to Cyprus for employment. The employer must apply for a work permit on behalf of the employee.
Requirements for obtaining a work residence permit:
- Work permit issued by the Cyprus Department of Labor.
- Copy of the employment contract.
- Proof of accommodation (rental agreement or property purchase contract).
- Valid passport and visas.
- Criminal record certificate.
- Health insurance.
Application procedure:
- Document preparation: The employer and employee must prepare all necessary documents, including the employment contract, passport, and proof of accommodation.
- Application submission: The employer submits the application for a work permit to the Cyprus Department of Labor.
- Review: The application is reviewed, and upon approval, the employee receives a work permit and a residence permit.
Application process
- Document collection: All necessary documents must be translated into English and certified with an apostille. It’s important to prepare all documents in advance to avoid delays.
- Application submission: The application is submitted to the Department of Civil Registry and Migration. After submission, biometric data will need to be provided.
- Application review: Depending on the chosen program, the review process can take from two months (for investors) to six months or more (for other categories).
- Receiving the residence permit: After the application is approved, a residence permit card (usually valid for 2 years) is issued.
Obtaining a residence permit in Cyprus in 2024 has become more accessible thanks to various programs tailored to the needs of different categories of applicants. Whether you are an investor, retiree, or coming for work, Cyprus offers numerous opportunities for comfortable and secure living.
These changes are aimed at attracting new residents and investors, contributing to economic growth and improving the quality of life in Cyprus. Detailed information and requirements for each program can be found on the official website of the Cyprus Civil Registry and Migration Department.
Photo credit: reporter.com.cy
Disclaimer: This article is intended for general information purposes only and does not constitute professional advice. You should not rely on the information in this article without obtaining independent advice tailored to your specific circumstances. The authors and publishers disclaim any liability for any loss that may arise from actions or inactions based on this article.
