Also, his family members, spouse, and children (under 18 years old), can get the pink slip as … Eligibility: Obtaining residence permit in North Cyprus. 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. Immigration Permit under regulation (6.2) of the Aliens and Immigration Regulations, gives you a Non-EU national, the right to permanently reside in Cyprus; Exempts you … (5%) Create a long-term deposit with a Cyprus bank of €30,000 which will be … In addition to the purchase of property, the applicant has to open a 3-year deposit account of 30 000 euro in a Cypriot bank, and the money to the account has to be transferred from outside of Cyprus. Any foreign national who wants to live in Cyprus has to obtain a Cyprus residence permit. Purchase a Cyprus property worth over €300,000 +V.A.T. He’ll describe all the peculiarities of the Cyprus residency program, its advantages and disadvantages, and tell you about similar cases from his practice. In fact, for permanent residence in Cyprus it is not necessary to obtain a permanent residence permit. More importantly, our professional team will help you make this process as smooth as possible. Deposit/Transfer €15.000 in a Bank account in Cyprus which should be transferred from abroad. For this status the company must meet a … Permanent residence permit in exchange for real estate investments. If you choose to apply for Cyprus permanent residency via the fast-track option, your application will be processed within 2 months. Once the documents are all fully submitted then the approval is usually issued in less than a month. Cyprus residence visa. Before you get the residence permit, you must get an entry visa depending on your purpose of travel, such as a student visa or work visa. Only persons who do not intend to work, in the Republic of Cyprus can apply for the obtainment of category F residence permit. It will also enable tourists and visitors to extend their stay no matter what was the duration of their initial visa. The minimum investment requirement has been set … Application for a Cyprus Permanent Residency Permit (PRP) can be the first step towards gaining Cyprus Citizenship; If a Cyprus tax resident, the PRP holder is exempt from tax on worldwide dividends and interest income for a period of 17 years. This is recognised as the most attractive personal income tax … Types of residence permits in Cyprus. You have to get the visa in your country of residence and after arriving in Cyprus, apply for the residence permit. The E permit is a residential permit reserved for people who have obtained permanent employment in Cyprus, and not creating competition in the country. For the application and the documents to be attached, see the documents below. The average cost is €200 for each person. Benefits of the Cyprus Permanent Residence Program The application procedure is highly efficient, within two months There is a high approval rate if all criteria are satisfied It is not necessary to reside in Cyprus, but a visit once every two years is required Our Law Firm will undertake the entire procedure for your application to make sure it runs smoothly. Obtaining a reference letter from a local professional in Cyprus that the person applying for Cyprus resident permit is well known to the professional, that meets regularly with the applicant, that the person applying for Cyprus work permit resides in Cyprus, that his Cyprus permanent residence address is known to the professional etc. The issuance of a Cyprus permanent residence permit takes about 2 months and applies to all family members, including children below 18 years old. However, the temporary residence permit does now automatically authorize the holder to work. A text message is sent to the student notifying them that their student permit is ready and has been sent to their university for pick up. Residence permit in Cyprus by buying property. Important information to have in mind • The Permit is granted for an indefinite duration. Purchase a Cyprus property the value of which exceeds €300,000 +V.A.T. As it is the case with the yellow slip, the pink one received its name due to the colour of the paper it is printed on. Below are the addresses of each city’s immigration unit. Both company and employee documents are submitted simultaneously. Every foreign national who comes to Cyprus to work has to get a residence permit upon arrival. You must be present for capturing biometrics (fingerprints and photo) and signature samples. Companies of foreign interest – Employment Visa, Personal injuries, negligence and car accidents, Registration certificate for EU citizens – Yellow Slip, Temporary residence permit application form MVIS3 (doc, 0.5 MB), Cyprus temporary residence permit overview, Cannot stay out of Cyprus for more than three months continuously as the permit would be cancelled automatically, Is granted only to non-EU Nationals who wish to extend their stay in Cyprus, Valid for one year, can be renewed annually, adequate income from abroad to cover living expenses while residing in Cyprus (estimated about €15,000 – €20,000 for a three-member family), either rented or bought a house or apartment, Cyprus Residence Permit Card is obtained within about 3 months, Once applied allowed to stay until the temporary residence permit card is issued. If you purchase property in Cyprus at the value of at least €300,000. In fact, for permanent residence in Cyprus it is not necessary to obtain a permanent residence permit. They are not allowed to work full-time, and even so, only in certain sectors of employment. Please explain which are the Cyprus Pink Slip benefits? The property should be a first-time sale and may comprise of up to two housing units which must be purchased from the same developer. You will receive your residence permit from the place where you had applied. After five years of continuous residence in Cyprus, you can apply for a Permanent Residence Permit. In general, for the purposes of this specific type of immigration permit, no personal interviews are required. Main requirements needed to gain Permanent Residence Permit in Cyprus within 3 months:. citizen, but have purchased property in Cyprus and are retiring in Cyprus, they must apply for a residents permit. The unique advantage of the Cyprus permanent residency program compared to those of other European countries is that it is lifelong when in other European countries residencies are issued for … In addition to this, a Cyprus tax resident is exempt from tax on gains on disposable of securities. And that they spent them on their living expenses. You need a copy of the passport, visa and arrival stamp. Main requirements needed to gain Permanent Residence Permit in Cyprus within 3 months:. Immigration to Cyprus is in great demand, as permanent residence permits are available there when buying a newly-built property for at least €300,000 (+VAT). 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. Residence in the Republic of Cyprus. All rights reserved. If you wish to obtain permanent residency in Cyprus and you are willing to invest in the country, you may apply for a permanent residence permit (Category F) through the standard procedure. The two methods by which a third country national may obtain a permanent Cyprus Residency without the right to work are explained below. The amount depends on nationality: Processing time for the bank to issue the bank guarantees is 1-2 days. This permit is based on the level of foreign income available to support this person and can include pensions and income from investments. 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. Cyprus residence and work permit for EU citizens Nationals from EU Member States have the right to enter Cyprus by simply showing a valid EU passport or ID Card without having to register upon arrival. different names may be used for one concept. Under this permit, a person is allowed to live in Cyprus as a visitor (without the right to work). Pink Slip in Cyprus is valid for 1 year and can be renewed on an annual basis. Important information to have in mind • The Permit is granted for an indefinite duration. What are the criteria? Apply for the Cyprus Golden Visa Residence Programme and seek Cyprus Immigration assistance Now! Cyprus is a very welcoming destination for foreign investors but for natural persons as well. You can live on a temporary residence permit. Additionally, short term residence permit shall be You do not need to have a work or residence permit to start working and you do not have to undergo the usual application procedure for a residence permit (in other words, your application is not at risk of being rejected). Should I be present during the submission of the application for temporary residence permit or renewal? Moreover, European countries such as Cyprus allow individuals to set up a business and enjoy a company that is part of the European Union. (Learn how to open a bank account in Cyprus). Foreign citizens may make an application to obtain an Immigration Permit on the basis of one of the Categories referred to in Regulation 5 of the Aliens and Immigration Regulations of 1972. To apply for a Cyprus Immigration Permit, you have to apply directly to the Civil Registry and Migration Department in Cyprus or through an Aliens and Immigration Branch of the Police, even if you are abroad. However, this is just a general outline of the processing times, since they may change slightly depending on your specific case – you may receive it earlier or later. Purchase a Cyprus property worth over €300,000 +V.A.T. 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. We will book the date for the meeting for submission, prepare application forms, advice on required documents, attend the meeting with you, follow the application process, receive the immigration permit cards and deliver them to you. It is valid for a one year, one month before Pink Slip expiry the applicant is entitled to apply for renewal. OR be certified by the Ministry of foreign affairs of the country that will issue them and by the Cyprus Embassy of that Country. You have to get the visa in your country of residence and after arriving in Cyprus, apply for the residence permit. Cyprus Residency by Investment Program enables foreign investors to obtain a Cypriot permanent residence permit (PRP) in just 2 months through a property purchase from €300,000 (plus VAT). If the application is not approved, they will inform you of the reason. If you have been in Cyprus for less than 5 years you should apply for an MEU1 (temporary residency permit). A Cyprus residence permit allows the holder to stay in Cyprus all year round. Becoming a Resident of Cyprus by Investment. Residence permit for Cyprus. Usually the duration of the stay can be up to 90 days. Set up a bank guarantee in a Cyprus bank, one for each family member. 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. Certificate of police clearance, issued from your country of residence within the past six months. Is it acceptable for her to present that rental agreement for the submission of her application for Pink Slip? There are two types of residence permits for Cyprus: The Temporary Residence Permit for Cyprus is usually issued for one of the following reasons: The residence permit is usually issued for 1 year and is renewable annually. It is very important to note that holders of this kind of permit, are not entitled to work in the Republic. (5%) Create a long-term deposit in a Cypriot bank of €30,000 which will be pledged for at least a five year period. The legal requirements for visiting or staying in Cyprus depend on whether the applicant is a European Union (EU) citizen or non-EU citizen, reason for entry into Cyprus, and intended duration of stay. Cyprus Investment Residency Programme is a fast track programme to obtain Residence Permit in Cyprus. [M61] - Forms for Residence and Employment Permit; Application for Cypriots who wish to repatriate and find a job in Cyprus [M61] - Application for the renewal of temporary resident's permit [M67] - Application for Immigration Permit [Μ71] - Application for the grant of citizenship of the Republic of Cyprus If brought in cash needs to be declared in the airport on arrival and get the confirmation document. Foreigners working in an international company based in Cyprus mainly fall within this category. You should visit the website of the Civil Registry and Migration Department to look about their contact information and make an appointment. 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. The minimum investment requirement has been set … Non-EU family members of Cyprus citizens or legal residents who have applied for family reunification will get a temporary residence permit upon arrival to Cyprus. The permit is renewable for three-year periods only, and there is no possibility for this permit to be issued for longer periods. Unfortunately, it does not. A Long-Term Residence Permit has a five-year duration and is renewable. IMPORTANT UPDATES REGARDING NEW RESIDENCE PERMIT APPLICATION (29.05.20) According to the new law, however, people buying property … They should apply before their current visa expires. More importantly, our professional team will help you make this process as smooth as possible. EU nationals have the right to work and live in all other EU countries. Residence permit in Cyprus. 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. Get an individual consultation of a Cyprus residency expert. According to Regulation 6(2) of the Aliens and Immigration Regulations, as amended, non-EU nationals are entitled to a Category F Immigration Permit (Permanent Residence Permit) provided that the following criteria are fulfilled: Types of residence permits in Cyprus Cyprus is a very welcoming destination for foreign investors but for natural persons as well. Cyprus residence visa. +44 7568 567820 You should apply at the same location in which you received your original residence permit. The whole family applies at the same time; each family member files a separate application form and gets his temporary residence card. PERMANENT RESIDENCE OF UNION CITIZENS AND THEIR FAMILY MEMBERS (MEU3) 1. Who may apply? In addition to this, a Cyprus tax resident is exempt from tax on gains on disposable of securities. There are no other unique benefits. It will also be cancelled if he/she acquires permanent residence abroad or is absent from Cyprus for a period of two years. To be eligible, you must purchase or rent a property in Cyprus. Usually the duration of the stay can be up to 90 days. It is a very easy process and everybody is able to complete it without assistance. Cyprus temporary residence permit, the so-called Pink Slip, allows Non-European Union passport holders to extend their stay in Cyprus for more than 3 months (90 days). It is a very easy process and everybody is able to complete it without assistance. Contact us to receive a free personal consultation and learn about our competitive fee services. Since 23 August 2012, to visit Cyprus at least once every two years is sufficient to maintain the validity of the license. A Cyprus Residence Permit, which you must get after you travel to Cyprus if you want to be legally live in Cyprus for over 90 days. If you are a student or foreign worker, your school or employer will help you with the application process. Registration: €70 for each family member (payable only the first time of application). According to the law, a non-resident of Cyprus, who owns property in Cyprus has the right for a residence permit. In order to obtain a residence permit, you should only fill out an application form at the Immigration Service. For those who are seeking permanent residency in the European Union, Cyprus has a well-established and popular golden visa program. The permit process limps to 90% on paying for tax and it takes around 5 -7 days for the permit to be ready. If you have been in Cyprus for over 5 years you should apply for an MEU3 (permanent residency). Prior to travelling to Cyprus and obtaining the residence permit, you must also get a Cyprus work permit and work visa. Our expert who has worked with more than 280 cases in Europe will consult you. Under this permit, a person is allowed to live in Cyprus as a visitor (without the right to work). The Cyprus residence permit is what allows foreigners to legally live in Cyprus for longer than three months. Cyprus Residency by Investment Program enables foreign investors to obtain a Cypriot permanent residence permit (PRP) in just 2 months through a property purchase from €300,000 (plus VAT). We advise our clients to transfer money from abroad in their bank account in Cyprus and to use a visa, credit card for their expenses, instead of cash. Generally the permit will arrive in school 3 days after receiving the text message. It is very important to note that holders of this kind of permit, are not entitled to work in the Republic. It will also enable tourists and visitors to extend their stay no matter what was the duration of their initial visa. It can be international health insurance if the applicant already has one or it can be made in Cyprus. This article is a guide to the Cyprus work permit and work visa, including who needs it, how to apply for it, and other relevant questions. by Law Lab. Under the EU principles of freedom of movement, EU/EEA Nationals are free to work in Cyprus without a work / residence permit. Cyprus benefits from a European outlook, with a Mediterranean warm relaxed climate. employment, bank deposits, pension etc. I am living with my girlfriend, and the rental agreement is in my name only, we are not married. When shall I apply for the renewal of my temporary residence permit? (5%) Create a long-term deposit in a Cypriot bank of €30,000 which will be pledged for at least a five year period. We have been serving clients since 1983 with measurable success. It is recommended to book the meetings as early as possible following your arrival to Cyprus. This scheme leads you to permanent residence in 1 year. Nikolaou¨, 2nd floor, 3046 Limassol, Eleftheriou Venizelou & Kaningos 22, 2nd floor, 8021 Pafos, Eleftherias 83, Tatolos Bld, Derynia Plaza, 1st floor, 5380 Derynia. If your application is approved, they will contact you to go and receive your residence card. Applicants must have: − Purchased in Cyprus one or two, new real estate properties with total purchase cost of at least €300.000 (excluding VAT). Cyprus temporary residence permit, the so-called Pink Slip, allows Non-European Union passport holders to extend their stay in Cyprus for more than 3 months (90 days). They may renew their temporary residence permit for the duration of their studies. There are two types of residence permits for Cyprus: Obtaining residence permit in North Cyprus. Residence Permit in North Cyprus entitles you to live in the Turkish Republic of Northern Cyprus (TRNC). Generally, obtaining residence permit in North Cyprus is quite easy. Temporary Residence Permit Application Form, completed and signed. According to the Refugee Law,[1] recognised refugees are granted, as soon as possible, a residence permit valid for three years. In other words, the pink slip is a temporary residence permit which allows non-EU residents to stay for up to 4 years in Cyprus. This is also known as the “fast-track” option. You shall apply for renewing your temporary residence permit at least one (1) month before the expiry. There are no restrictions for the EU citizens. Five-Year duration and is renewable consult you one year, one month before the expiry my temporary residence,. Learn how to open a bank guarantee in a Cyprus residence permit the purposes of this specific type immigration. 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