Welcome to Cyprus: Your Guide to Visas, Plan B Residency, Taxes, and Expat Life
Visa Options in Cyprus
1. Visitor/Tourist
- Duration: Up to 90 days.
- Pre-Approval: Not required for most nationalities, excluding citizens of Nigeria, Syria, and Armenia.
2. Marriage or Through Descendants
- Eligibility: Visas granted based on marriage to a citizen or having descendants (children) who are citizens.
3. Student
- Requirement: Proof from official Cypriot universities, indicating enrollment in a recognized educational institution.
4. Work Visa
- Process: The employer handles paperwork and assists with the visa process.
- Simplicity: Local employers manage the responsibility and bureaucracy of the work visa.
- Passport Requirement: Employees must have a minimum of 2 years remaining on their passport.
5. Business Visa
- Requirement: Establishing a business with 51% ownership by a local citizen partner is necessary for foreign nationals.
6. Residency by Investment in Immovable Property & Proof of Self-Sufficiency of Funds
- Property Investment: No minimum requirement for the property if it is the primary residence.
- Financial Proof: One year’s worth of minimum income in Cyprus, deposited into a local bank account solely in the applicant’s name.
- Read requirements
7. High-Income Visa
- Income Requirement: Short-term residence permit based on income, granted to foreigners with a monthly income equal to 5 times the annual minimum wage or the annual equivalent deposited in a local bank account for one year.
8. Visa for Judicial and Administrative Purposes
- Eligibility: Granted for the term of duty for those who come to the country upon the request or decisions of judicial or administrative authorities.
9. Visa for Scientific Research
- Eligibility: Granted for the duration of the research for those who come to the country for scientific research purposes.
Additional Information for Foreigners Aged 60 and Above
Residence Permit Requirement
- Foreigners aged 60 or older without legal permission to stay in TRNC must obtain a residence permit.
Grace Period
- Those who turned 60 before the residence permits and visas regulation took effect can remain if they acquire a residence permit within one year.
Living in Cyprus: Expat Life
Whether you are drawn to Cyprus for its rich history, stunning landscapes, or vibrant culture, living here offers a unique expat experience. With a variety of visa options catering to different needs, Cyprus welcomes individuals from diverse backgrounds to call it home.
Taxes in Cyprus
Cyprus boasts a favorable tax environment, making it an attractive destination for expatriates. With competitive tax rates and a straightforward tax system, residents can enjoy financial benefits while immersing themselves in the beauty and warmth of this Mediterranean gem.
Embrace the Cypriot Lifestyle
Discover the charm of Cyprus – a place where ancient history meets modern living. Whether you are seeking a peaceful retirement or a dynamic work opportunity, Cyprus has a visa option tailored for you. Embrace the rich culture, welcoming community, and stunning landscapes as you embark on your journey in this hidden paradise.
Sincerely,
Director of Mediterranean Condos | Investment, and Residency Expert Broker in Cyprus Real Estate
Voted Forbes Best Buy | Formerly associated with Live and Invest Overseas, Forbes Global Properties, & Expat Exchange
Email: 📧 cyprus@mediterranean.condos
Phone: ☎️ +90 533 864 1652
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