How To Get Residency in Cyprus: A Comprehensive Guide

Capital: Nicosia

Population: 923,272 (2022)

Ethnic groups: 98.8% Greek Cypriots

Area: 9,251 km²  (162nd)

Offical Language: Greek & Turkish

Currency: Euro

GDP per Captial (PPP): $65,088 (2025 estimated, 27th)

Human Development Index: 0.913 (2023, 32nd)

Country Profile:

Cyprus is located in the eastern Mediterranean Sea, at the crossroads of Europe and Asia. Geographically, it is situated within Asia, but culturally, it is considered part of Europe. It is the third-largest island in the Mediterranean, with tourism and agriculture serving as the main pillars of its national economy.

Cyprus is currently divided into two political entities: the internationally recognized Greek Cypriot administration in the south and the Turkish Cypriot administration in the north. Our discussion here refers to the internationally recognized Republic of Cyprus in the south.

Currently, Cyprus is a member state of both the European Union (EU) and the Schengen Area. While English is not an official language, its proficiency is high in Cyprus; data shows that 73% of the local population can communicate fluently in English.

Visa & Immigration System:

As a member of the European Union, Cyprus maintains a very open immigration system, offering up to 15 different pathways for residence permits. The main routes are outlined below:

1. Golden Visa (Permanent Residency by Investment):

This is an permanent residency by investment program requiring a minimum investment of €300,000 to directly obtain Cyprus Permanent Residency (PR).

• Investment Fields: Options include real estate, investment funds, or the acquisition of shares in or operation of a company.

• Residency Requirement: Golden Visa holders are not required to physically reside in Cyprus to maintain their status; a visit once every two years is sufficient, unless they plan to pursue citizenship.

• Citizenship Path: If you choose to live in the country and apply for citizenship after eight years, you may liquidate (sell) your investment after successfully obtaining Cypriot nationality.

2. Start-up Visa：

This is a business-related visa that requires you to establish a company in Cyprus with an innovative business plan and sufficient seed funding (typically €10,000 or €20,000).

• Requirements: The Cyprus Start-up Visa has modest capital investment requirements but high standards for the company’s business status and the applicant’s overall qualifications.

• Assessment: The Deputy Ministry of Research, Innovation and Digital Policy reviews applications across five dimensions: international market impact, innovation and scalability, competitive advantage, management team, and intellectual property. Securing this visa is highly selective.

3. The Pink Slip (Temporary Residence Permit)：

The Temporary Residence Permit is widely known as the Pink Slip due to the color of the physical card. This is a one-year residence card requiring the applicant to demonstrate a stable annual income of no less than €24,000.

• Income Source: Your income is not strictly limited to passive sources; income from salaries or freelance work can be included. As long as you can sustain yourself in Cyprus without relying on the local economy to generate the required income, you are eligible to apply.

4. The Yellow Slip (EU/EEA Registration Certificate):

The Cyprus Yellow Slip (MEU1) is a registration certificate issued to residents of the EU, EEA, and Switzerland. Unlike the Pink Slip, which is for third-country nationals, Yellow Slip holders are free to live and work in Cyprus.

The Yellow Slip for EU residents is valid for life. For non-EU nationals residing under certain schemes, it is valid for five years and renewable under the original conditions.

5. Digital Nomad Visa:

This visa requires the applicant to be a remote worker with an income exceeding €3,500 per month.

• Duration & Benefits: It is a temporary residence permit initially valid for one year, renewable for a maximum of two additional years. Visa holders benefit from certain tax advantages, making it popular within the digital nomad community.

• Quota: The government initially set the annual visa quota at 500. Due to high demand, these slots were often filled quickly, leading the government to increase the quota to 1,000 per year starting in March 2025.

6. Work Visa:

You can apply for a Cyprus Work Visa if you have a local employment contract. Furthermore, foreigners holding an EU Blue Card can also freely live and work in Cyprus.

7. Other EU Status:

Another indirect route is to first acquire the nationality or permanent residency status of another EU country, allowing you to settle in Cyprus under the rights granted to EU citizens.