What Is The Easiest Way To Relocate To Cyprus?

CONTRIBUTOR To print this article, all you need is to be registered or login on Mondaq.com. For an applicant to obtain a visitor visa, it is required of them, to have their own stable income from overseas from legal sources, either in the form of: A salary from overseas employment; Dividends, shares; Income from a rental property abroad; Other. General Conditions: A visitor visa is valid for 12 months and it is renewable each year; It does not give the main applicant or their spouse the right to work in Cyprus; Each family member is required to submit a separate application; The initial package of documents is submitted by the main applicant and family members on the same day; The applicant must enter the Republic of Cyprus with a tourist visa (short-term) granted at the embassy of Cyprus of their home country or country of permanent residence.

Other Important Conditions: The holder of the visa cannot be absent from the country for more than 90 days in a row; If the above period is exceeded, the visitor visa is revoked and the holder is not allowed to enter the country; Detailed statement of bank account transactions in a financial institution in the Republic of Cyprus, for the last 12 months in case of a renewal or from the date of opening the account in the case of a first permit, showing the foreign remittances in the name of the applicant which in total should not it is less than €2,000 per month or €24,000 per year for one person. This amount increases by 20% for the spouse and by 15% for each child. For the purposes of calculating the amount, transfers abroad or to third parties will not be taken into account.

During the first permit, a cash transfer or deposit of at least €10,000 is also accepted. In the case of a cash deposit, the cash declaration at customs must be submitted. Original medical examination certificate of blood tests, proving that the third-country national does not suffer from hepatitis B, and C, HIV, syphilis, as well as a chest X-ray for tuberculosis with a doctor's opinion, stamped by a specialist doctor from the Republic of Cyprus ONLY for the 1st Permit.

Required Documents & Certificates: A legalized clean criminal record certificate must be issued from the applicant's home country or country of permanent residence (the certificate should not be older than 6 months old ); The approximate time frame for the final approval from the immigration headquarters and receiving the card from the authorities is approximately 4-5 months; A letter of guarantee is required for every family member and applicant; Application for Cypriot citizenship can be submitted after seven (7) years of legal residency or alternatively, permanent residency can be obtained after seven (7) years; After 183 days in Cyprus the visa holder can become a tax resident in Cyprus and benefit from lower taxes. The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

AUTHOR(S) POPULAR ARTICLES ON: Immigration from Cyprus First Residence Application In Monaco - Step By Step CMS Pasquier Ciulla Marquet Pastor Svara & Gazo All persons aged 16 or over who wish to become permanent residents in Monaco or to spent over three months at a time in Monaco must apply to the Monegasque authorities for a residence permit. Temporary Residency Made Harder For Expats Michael Kyprianou Advocates & Legal Consultants No doubt the law amendments on the registration and acquisition of a temporary residency permit in the Republic, published on the government website, will affect British Nationals relocating to Cyprus post-Brexit. UK Issues Call To Ease The Shortage Of Workers Abdo Rafiq & Partners According to a well-known Think Tank group, temporary visas would be issued to foreign employees under the age of 30 to assist with the current labour shortages in hospitality and tourism industries in the UK.

Retiring Abroad: What You Need To Know Harvey Law Group As one gets older, the thought of where you want to settle is raised and over the years retiring abroad has fast become a new and exciting adventure for many.