The temporary residence permit in Cyprus, known as the “Visitor” (commonly referred to as the Pink Slip), allows non-EU citizens to obtain a residency card and live in Cyprus without the right to work.
The Visitor Visa is also known as a residence permit for financially independent individuals, as the program requires sufficient savings and/or stable income from abroad to sustain living expenses on the island without the need for employment in Cyprus.
The permit is issued for one year with the option to renew. In addition to the main applicant, the status can also be granted to a spouse and children.
To successfully apply for a Visitor Visa in Cyprus, the applicant must meet the following requirements:
📌 Minimum Monthly Income
The applicant must demonstrate a stable and sufficient income from abroad to cover living expenses in Cyprus.
Minimum monthly income:
📌 Cyprus Bank Account
Having a bank account in a Cypriot bank is a mandatory requirement for submitting a Visitor Visa application.
At the time of application, the account must hold:
Additionally, a bank guarantee of €550 per family member must be obtained.
📌 Property in Cyprus
Applicants must confirm their place of residence in Cyprus, which can be either rented or owned.
📌 Police Clearance and Health Certificates
The Pink Slip in Cyprus for financially independent individuals offers several advantages, but it also comes with certain limitations that may not suit everyone.
✓ You are allowed to live in Cyprus 365 days a year.
✓ Spouses and children can also obtain residency under this program.
✓ No requirement to purchase property or make investments—proof of rental accommodation is sufficient.
✓ There are no language proficiency requirements for obtaining or renewing the residency.
✓ You can become a tax resident of Cyprus and legally optimize your taxes thanks to the island’s low tax rates and incentives.
✓ After living in Cyprus for seven years, you can apply for citizenship through naturalization.
⇒ Digital Nomad Visa in Cyprus
The new Digital Nomad Visa is ideal for applicants who can provide services remotely to clients abroad and/or work for an employer registered outside Cyprus.
The key difference between the Visitor Visa and the Digital Nomad Visa is that the latter requires proof of income specifically from employment or services rendered to foreign clients.
Learn more about the Digital Nomad Visa program in Cyprus »»
⇒ Permanent Residency in Cyprus through Property Purchase or Investment
The Cyprus Permanent Residency Program is available for:
The program grants immediate permanent residency, which does not require annual renewal.
Moreover, residency does not require continuous living in Cyprus—visiting the island once a year from the date of approval, and subsequently once every two years, is sufficient.
Permanent residency also extends to spouses, children, and parents.
Learn more about obtaining Cyprus permanent residency through investment »
⇒ Residency for Entrepreneurs and Business Owners in Cyprus
Entrepreneurs and their families can obtain Cyprus residency through company registration.
This is available to residents with stable income, an open Cypriot bank account, and proof of residence in Cyprus.
Learn how to register a company in Cyprus
⇒ Work Visa for Employment in International Companies in Cyprus
Employment with an international company in Cyprus allows you to obtain a work visa for qualified professionals.
Additionally, family members of the applicant can obtain Cyprus residency with the right to work.
✅ Cypriot lawyers and Feod Group specialists offer a full range of services for obtaining residency for the entire family.
We also assist with all client actions related to purchasing or registering a business in Cyprus, opening bank accounts, selecting and purchasing real estate, tax optimization, and enrolling children in schools and universities.
OBTAIN PROFESSIONAL IMIGRATION ADVICE
If you have any questions in any of the directions, please contact us.The main documents needed to apply for a Cyprus residency permit include:
The Pink Slip in Cyprus is valid for one year, with the option to renew.
To renew a Visitor Visa, you must:
If you reside in Cyprus for more than 183 days per year, you will become a tax resident and must file a tax return and pay income tax on all sources of income.
Personal income tax in Cyprus is applied on a progressive scale ranging from 0% to 35%. The first €19,500 of annual income is tax-free.
Learn more: Taxes for Individuals in Cyprus
Residency programs without investment are available in the following EU countries: Austria, Portugal, Spain, Italy, Greece, and France.
Since 1992, Feod Group has been providing a wide range of legal, business and immigration services in Europe, the USA and other countries of the world.
The company has accredited western lawyers, experts in various fields of law and jurisdictions of the world.
Having offices in Europe and the USA, Feod Group provides rapid paperwork and maximum customer comfort.
We provide our clients with related services, such as relocation and adaptation abroad, organizing family relocation abroad, enrollment of children in schools and many other services.
Our Publications on Immigration, Real Estate, and Business in Europe and the USA:
