Temporary residence permit in Cyprus, Pink Slip, Long Term Visitor

Since 1992, Feod Group has been providing professional assistance at all stages of obtaining a residence permits in Cyprus
Offices:

The Visitor residence permit (pink slip) is for those who wish to live in Cyprus for more than 3 months.

It should be noted that such a resident permit makes it possible not only to reside in Cyprus, but also greatly simplifies visa processing for trips to other countries of the world, given that applications for visas to other countries are issued by the embassies in Cyprus.

Feod Group has extensive practical experience working with immigration registration of resident permit, permanent residence and citizenship of Cyprus, working in a team of English and Cypriot lawyers, also working with leading property developers and real estate agencies, Cypriot banks and financial institutions.

Temporary residence permit in Cyprus is issued for a period of 1 year. The consideration period is approximately 3-6 months, however, the applicant can remain in Cyprus while the application is pending.

This residence permit allows the holder to remain in Cyprus for the duration of the permit. Residence permit can be renewed annually.

 

Minimum monthly income+From  2,000 € for the main applicant
+ from 400 € for the second applicant 
Bank account in Cyprus+ From 25,000 € for the main applicant

+from 5,000 € for the second applicant

Property in Cyprus+Lease (for the term of 12 months) or a real estate purchase for any amount
Family Members+Spouse;

children under 18 years old;

children over 18 years of age and parents who are fully supported by the applicant

Validity of the residence permit+Residence Permit is issued for 1 year and is extended an unlimited number of times, after 5 years – Permanent Residence (Long Term Residence Permit)
Citizenship of Cyprus+After 7 years of Residence
Obtaining Term3-5 months

 

OBTAIN PROFESSIONAL IMMIGRATION ADVICE
OBTAIN PROFESSIONAL IMMIGRATION ADVICE



    This visa category is suitable for:

    1. Third-country nationals who are married to Cypriot citizens, as well as their children (under 18) from previous marriages. In this case, the application form MCYV2 is filed.

    2. Third-country nationals who are going to apply to live in Cyprus without work, and can confirm a stable income from abroad, sufficient to live on the island (application form MVIS2).

    3. Third country nationals who plan to marry a citizen of Cyprus or the EU (form MVIS2).

    Thus, the Visitor category in Cyprus belongs to the residence permit for financially independent foreigners.

    Foreigners with this status cannot work in Cyprus, but can conduct business as the owner of the company.

    Documents required for registration Pink Slip in Cyprus

    1. Copy of passport (international and domestic);

    2. Proof of income and financial independence:

    3. Medical insurance;

    4. Availability of residence (title or lease agreement);

    5. Bank guarantee € 550 (per family member) for a period of 10 years;

    6. Marriage certificate (duly translated with an apostille);

    7. Birth certificate (duly translated with apostille).

    Taking into account the practice of considering such applications, it is recommended that a monthly income from abroad in the amount of at least 1000 euros per applicant.

    The law does not establish a minimum amount in an account with a Cypriot bank, but in our experience, a deposit of EUR 15–20 thousand significantly increases the applicant’s chances. These funds can be used in the future without any restrictions.

    OBTAIN PROFESSIONAL IMMIGRATION ADVICE
    OBTAIN PROFESSIONAL IMMIGRATION ADVICE



      Long-term residence permit in Cyprus

      After 5 years of legal residence in Cyprus, foreign citizens are entitled to a long term residence permit (Long Term Residence Permit). Holders of LTRP have equal rights with citizens of the Republic of Cyprus in everything except participation in elections. This resident permit is valid for 5 years, after which the document is automatically renewed for the same period.

      Cyprus tax residency

      Since July 2015, Cyprus has significantly changed the Tax Code, introducing significant benefits for “non domiciled residents”.

      Foreigners who have received a residence permit in Cyprus makes part of this category.

      Moreover, the use of the following privileges is enjoyed by citizens of any country who have not lived in Cyprus for the past 17 out of 20 years.

      Advantages of Cyprus tax resident status (non domiciled resident):

      In addition, from July 14, 2017, an individual who spends at least 60 days in Cyprus can be considered a tax resident of Cyprus, subject to the following requirements:

      OBTAIN PROFESSIONAL IMMIGRATION ADVICE
      OBTAIN PROFESSIONAL IMMIGRATION ADVICE



        How can Feod Group support you in obtaining a resident permit in Cyprus?

        Over the years, Feod Group has assembled a team of professionals who can assist and support you in obtaining a Cyprus residence permit or citizenship.

        Our knowledge of Cypriot law and existing practice, as well as professional experience, is at your disposal.

        The Feod Group provides its customers with a full range of services for obtaining any Cyprus residence permit, both at the stage of choosing real estate for purchase or rental, and at the stage of immigration applications to Cyprus Migration Department:

        In addition, our Clients receive the following services:

        Cyprus is an island with its own specifics, where to solve all issues you will need qualified professionals with reliable relations with public and private institutions and an excellent reputation. The Feod Group guarantees and will provide you with this.

        To receive more information about the program of obtaining a resident permit in Cyprus, please contact us for a consultation.

        Countries where we offer visa and immigration support:

        Our experts
        Elena Georghiou
        Founder and Managing Director
        Ukraine
        George Georghiou
        Managing Director
        United Kingdom
        Tetyana Lementarova
        Managing Partner
        Ukraine
        William Slattery
        Managing Рartner
        USA
        Chryso Christofidou
        Managing Director
        Cyprus
        Christopher Pelentrides
        Рartner
        United Kingdom
        Peter Petrou
        Partner
        United Kingdom
        Daniele Papone
        Partner
        Italy
        Jerome Da Ros
        Partner
        France
        Stefan Toffol
        Partner
        Switzerland
        Rimma Dontsova
        Senior Adviser
        Visas and Immigration
        Ukraine
        Anastasia Taran
        Legal Adviser
        Ukraine
        Inna Marchenko
        VIP Client Manager
        Visas and Education Abroad
        Ukraine
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