Velment

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

– Velment Team

Program Overview: Cyprus Permanent Residency for EU Citizens and their families – Yellow Slip Cyprus

The Yellow Slip allows EU and EEA citizens to live and work long-term in Cyprus.

Applications must be submitted within four months of arrival and differ for EU citizens and non-EU family members.

The permit grants equal work and business rights as Cyprus citizens and provides access to the healthcare system.

https://velment.com/wp-content/uploads/2021/03/invest-icon.svg

Invest

No investment is required for EU and EEA citizens to obtain the Yellow Slip in Cyprus.

https://velment.com/wp-content/uploads/2021/03/visa-free-travel-icon.svg

Ease of Travel

The Yellow Slip allows for unrestricted travel in and out of Cyprus starting from the application processing period and thereafter.

https://velment.com/wp-content/uploads/2021/03/fast-procedure-icon.svg

Processing Time

The Yellow Slip application for EU citizens is typically processed within one month, while applications for non-EU family members take up to six months.

Key Benefits: Permanent Residency in Cyprus for EU Citizens and their families – Yellow Slip Cyprus

  • EU citizens benefit from an indefinite Yellow Slip validity.
  • Non-EU family members of EU citizens can renew their Yellow Slip every five years.
  • Applicants can stay in and re-enter Cyprus freely during processing by using their application receipt.
  • Holders of the Yellow Slip enjoy the same work, business, and employment rights as Cyprus citizens.
  • Access to GESY, the comprehensive healthcare system, is available to all Yellow Slip holders.

Permanent Residency for EU Citizens and their families – Yellow Slip Cyprus - Criteria

  • Applicants must be EU or EEA citizens, or non-EU family members of EU citizens.
  • Applications must be submitted within four months of arriving in Cyprus.
  • EU citizens need to complete form MEU1, while non-EU family members must submit form MEU2.
  • Proof of adequate income or employment in Cyprus may be required depending on the applicant’s status.

Step-by-Step Application Procedure

Qualifying Investment

No investment is required to qualify for the Yellow Slip in Cyprus.

Apply for Permanent Residence in Cyprus

To apply for the Yellow Slip, EU citizens must submit their application within four months of arrival in Cyprus.

Visit Cyprus

Applicants must be in Cyprus to submit their Yellow Slip application within four months of their arrival.

About Cyprus

https://velment.com/wp-content/uploads/2021/07/geography-icon-about-1.svg

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.

https://velment.com/wp-content/uploads/2021/07/population-icon-about-1.svg

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.

https://velment.com/wp-content/uploads/2021/07/tourism-icon-about-1.svg

Tourism

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

https://velment.com/wp-content/uploads/2021/07/education-icon-about-2.svg

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.

https://velment.com/wp-content/uploads/2021/07/healthcare-icon-about-1.svg

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

Thumbnail of
Thumbnail of
Thumbnail of
Thumbnail of
Thumbnail of
Thumbnail of
Thumbnail of
Thumbnail of
Thumbnail of
Thumbnail of
Thumbnail of
Thumbnail of
Thumbnail of
Thumbnail of
Thumbnail of

Napa Gem A 201 in Ayia Napa

Famagusta, Cyprus
€1050000
Property Type Bedroom Area m2 Price
Apartment 3 166.14 €1050000
(LOAD MORE)
VIEW PROPERTY
Thumbnail of
Thumbnail of
Thumbnail of
Thumbnail of
Thumbnail of
Thumbnail of
Thumbnail of
Thumbnail of
Thumbnail of
Thumbnail of
Thumbnail of
Thumbnail of
Thumbnail of
Thumbnail of
Thumbnail of
Thumbnail of
Thumbnail of
Thumbnail of
Thumbnail of
Thumbnail of
Thumbnail of
Thumbnail of
Thumbnail of
Thumbnail of
Thumbnail of
Thumbnail of
Thumbnail of
Thumbnail of
Thumbnail of
Thumbnail of
Thumbnail of
Thumbnail of
Thumbnail of
Thumbnail of
Thumbnail of
Thumbnail of
Thumbnail of
Thumbnail of
Thumbnail of
Thumbnail of
Thumbnail of
Thumbnail of
Thumbnail of
Thumbnail of
Thumbnail of
Thumbnail of
Thumbnail of
Thumbnail of

City Napa Residences Villa 1 in Ayia Napa

Famagusta, Cyprus
€1250000
Property Type Bedroom Area m2 Price
Villa 4 186 €1250000 + VAT
(LOAD MORE)
VIEW PROPERTY
VIEW ALL PROPERTIES

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.