Velment

“The true value of a sound investment is immeasurable.”

– Velment Team

Program Overview: Cyprus Temporary residency for non-EU citizens – Pink Slip with visitor status

  • The Pink Slip allows non-EU citizens to live in Cyprus long-term as visitors.
  • Applicants must apply for the permit before their initial entry visa expires.
  • The permit is valid for one year and can be renewed annually, provided the same conditions are met.
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Invest

No investment is required to obtain the Pink Slip for temporary residency in Cyprus.

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Ease of Travel

The Pink Slip allows non-EU citizens to freely enter and stay in Cyprus during the validity of their temporary residence permit.

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Processing Time

The processing time for the Pink Slip varies based on individual circumstances and application requirements.

Key Benefits: Cyprus Temporary Residency for non-EU Citizens – Cyprus Pink Slip with visitor status

  • Non-EU citizens can live in Cyprus long-term as visitors.
  • The permit is valid for one year and can be renewed annually, subject to the same requirements.
  • Spouses and children under 18 are also granted temporary residence, provided each family member applies individually but the entire family applies at the same time.
  • After five years of continuous residence, holders are eligible to apply for long-term resident status.
  • After eight years of residency, holders may be eligible to apply for citizenship.

Temporary residency for non-EU citizens – Cyprus Pink Slip with visitor status - Criteria

  • Adequate annual income from overseas, estimated between €25,000 and €30,000 for a family of three.
  • Ownership of a residential property or a rental contract for at least one year.
  • Valid health insurance.
  • Proof of a completed medical examination.
  • Bank guarantee, with conditions based on individual circumstances.

Other Conditions

  • The holder is not permitted to work in Cyprus.
  • The permit will be automatically cancelled if the holder is outside of Cyprus for more than three consecutive months.
  • If the applicant’s passport is valid for less than a year, the temporary residence permit will expire three months before the passport’s expiration date.

Step-by-Step Application Procedure

Qualifying Investment

No investment is required to qualify for the Pink Slip with visitor status in Cyprus.

Apply for the Pink Slip in Cyprus

To apply for the Pink Slip, non-EU citizens must submit their application before their initial visa expires to extend their stay in Cyprus.

Visit Cyprus

To obtain the Pink Slip, non-EU citizens must visit Cyprus and undergo a medical exam as part of the application process.

About Cyprus

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Geography

The Republic of Cyprus is an island nation located at the crossroads of 3 continents: Europe, Asia and Africa. Its territory comprises the entirety of the Mediterranean’s third-largest island and some smaller islets, with a total area of 9,251 km².

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Population and Language

Cyprus has a population of 875,889. Although English is widely spoken by 90% of the population, the official languages are Greek and Turkish.

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Tourism

Cyprus is a very popular tourist destination with around 4 million tourists visiting annually – over 4 times its resident population.

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Education

Primary and secondary education is compulsory for Cypriot pupils until they reach the age of 15. However, almost all Cypriots proceed with higher education either in one of numerous university campuses on the island, or the United Kingdom, with a sizeable university student diaspora who return to the island after their studies.

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Health Care

The island has recently launched its own General Health System, a full-coverage, universal healthcare insurance programme that strives to provide all residents with affordable medical care.

Cyprus Factsheet

  • Continent: Europe
  • Population: 875,899
  • Government: Unitary presidential constitutional republic
  • Capital: Nicosia
  • Languages: Greek, Turkish
  • Currency: Euro (€)
  • Total area: 9,251 km²
  • Time zone: Eastern European (UTC+02:00)

Eligible Properties in Cyprus

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Napa Gem A 201 in Ayia Napa

Famagusta, Cyprus
€1050000
Property Type Bedroom Area m2 Price
Apartment 3 159.30 €1050000
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City Napa Residences Villa 1 in Ayia Napa

Famagusta, Cyprus
€1250000
Property Type Bedroom Area m2 Price
Villa 4 205 €1250000 + VAT
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FAQ

Can you obtain Cypriot citizenship through the Cyprus Residency Programme?

Yes, if an applicant successfully receives Permanent Residency status through the Cyprus Residency Programme, they can also become eligible for Cypriot citizenship following 7 years of continued permanent residency on the island.

How quickly can I obtain Cypriot Residency?

The application processing period for Cypriot Permanent Residency status takes between 1-2 months.

How safe is living in Cyprus?

Cyprus is one of the safest countries to live in the world, boasting the lowest crime rate in the European Union. Violent crimes are extremely rare, and locals would often leave their front doors unlocked if leaving their homes for a short while up until very recently.