Editorial & Advertiser disclosure

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Cypriot Residency Permit- ‘Yellow Slip’

Published by Gbaf News

Posted on September 22, 2018

Featured image for article about Top Stories

Evangelides& Partners LLC

The Cypriot Residency Permit, also known as ‘Yellow Slip’, is available to European (EU and EEA) citizens who wish to relocate and work in the Republic of Cyprus.

The Yellow Slip is granted pursuant to the right of European citizens granted pursuant to the provisions of Acquis Communautaireas adopted by the Union Citizens and their Family Members to Move and Reside Freely within the Territory of the Republic of Cyprus Law of 2007. The Cypriot Residency Permit does not expire and is valid indefinitely.

The Residency Permit may be obtained by an EU applicant for several purposes including, employment, self-employment and retirement in the Republic of Cyprus. Thus, the documentation needed varies depending on the category that the EU applicant wishes to apply for.

Amongst others, the applicant is required to have an address in the Republic of Cyprus and for this purposes with a rental agreement (or proof of home ownership/purchase) should beprovided to the relevant authority.

Additionally, the EU applicant needs to have a full cover health insurance in the Republic of Cyprus.Also, the applicant is required to be physically present for submitting the application to obtain the Residency Permit, i.e. the application cannot be submitted through proxy or via a power of attorney.

The EU applicant must submit his application together with the required documentation to the relevant authorities within four months from the date of entry into the Republic of Cyprus.The application process is initiated by the completion and submission of the relevant forms and documents with the relevant authorities. The Cypriot authorities need at least two weeks to review the application of the EU applicant and inform him regarding the outcome of his application.

If you wish to be informed regarding the lucrative tax benefits of obtaining a Residency Permit to live and work in the Republic of Cyprus, visit this link.

Our team of legal professionals possesses years of expertise and knowledge, and can best advise you regarding the requirements and process of obtaining the Cypriot Residency Permit. Feel free to contact Mr. Stephanos Evangelides, Director of Legal Services at Evangelides & Partners at s.evangelides@cylegal.com or Mr. Charles Savva, Managing Director, Tax & Immigration Advisor at Savva & Associates at c.savva@savvacyprus.com for an initial consultation.