If you have visited Cyprus and you would like to move here permanently (why wouldn’t you???) then there is some important information that you need to know.
Who can move here
Citizens from all over the world can move to Cyprus, however, there are different rules and regulations that are taken into consideration when Cyprus decides whether to accept or reject your application.
EU and EEA Citizens
It is very easy to move to Cyprus if you are a citizen of another EU member state, Switzerland or in the European Economic Area. There are no restrictions on any citizens looking to reside in Cyprus from these places. You will enjoy the same rights as Cypriot citizens and are able to seek employment immediately and without restrictions.
If you spend more than three months residing in Cyprus you will have to reply for a yellow slip, or more officially known as the Registration Certificate for EU Nationals. Applications for a yellow slip must be made within the first 4 months of entering the Republic of Cyprus.
There are significant restrictions placed on people moving to Cyprus from non-EU member states. For example, people from Australia and New Zealand have a much more rigorous application and stricter regulations despite being considered friendly countries to Cyprus.
If you are from a non-EU country and looking to take permanent residence in Cyprus you can apply for the Scheme for Naturalization of Investors in Cyprus by Exception citizenship. This enables a person to obtain a citizenship in Cyprus providing that they meet one of two requirements:
- They have investments in Cyprus totaling at least $2 million EURO
- Their salary generates at least $100,000 EURO in taxes over a three year period.
If still keen to move to Cyprus then start filling out the application. I guarantee that you won’t regret it!