Cyprus Residency

CAPITAL CITY Nicosia

TIME ZONE Eastern European Time Zone (UTC+02:00)

TOTAL AREA 9,512 km²

NEAREST COUNTRY Lebanon, 264 km

LANGUAGES Greek, Turkish, English

CURRENCY Euro €

POPULATION 1,170,13

EU TRAVEL No restrictions

www.cclex.com/citizenship

CYPRUSEU RESIDENCYPROGRAMME

CYPRUS

Situated in the North East of the Mediterranean, Cyprus is one of the largest islands in Europe offering the comfort of a Mediterranean lifestyle and the stability of a European country – factors which have attracted many families and retirees alike.

Cyprus has been a Member of the European Union since May 2004, and a Eurozone Member since January 2008.

The ‘Yellow Slip’ is available to EU citizens wishing to settle and work in Cyprus permanently without the need to renew. Non-EU dependents may also be included in the application and thus being eligible to benefit from the same rights as EU citizens.

LEGAL BASIS FOR THE CYPRUS YELLOW SLIP PROGRAMME

The Yellow Slip is granted by virtue of The Right of Union Citizens and their Family Members to Move and Reside Freely within the Territory of the Republic of Cyprus Law of 2007, (ANNEX III, Article 12(1).

BENEFITS OF THE CYPRUS YELLOW SLIP PROGRAMME

Fast Process Dependents are Eligible

Safe and Secure; Lowest Crime Levels in the EU

Valid for LifeQuality Education & Healthcare

Cost Effective Programme Fee

€

DOCUMENTATION REQUIRED

The Cyprus Yellow Slip may be obtained for different purposes including; work, self-employment and retirement in Cyprus. In this respect, the required documentation is specific to the category one is applying for.

QUALIFYING CRITERIA

Applicants are required to enter into a rental agreement or purchase a permanent residence, and have full cover health insurance in the Republic.

The Cypriot authorities require the applicant to be physically present for submitting the application, and he/she must ultimately demonstrate the intention to reside in the Island.

FAMILY MEMBERS

Upon obtaining the Yellow Slip, non-EU dependents become eligible to receive the ‘Pink Slip’, which is a similar document granting family members the right to reside and work in Cyprus.

The non-EU spouse and children are granted the “Pink Slip” which is a temporary and renewable document valid for five years.

To be able to obtain this document, family members must provide proof of the consistent relationship with the EU citizen.

ELIGIBILITY FOR THE CYPRUS YELLOW SLIP The Yellow Slip is open to all EU nationals, and paves the way for Non-EU family members to obtain the right to stay and work in Cyprus.

ELIGIBILITY REQUIREMENTS

+ + + + =

Applicant in Good Standing

Rental AgreementHealth Insurance

Genuine Intention to Reside in the Island

Residence CardProof of Stable Income

18+

Application Timeline

CYPRUS YELLOW SLIP

Arrival in Cyprus

12 WORKING DAYSSubmit

Application

WHY WORK WITH US?

Success Rate:Problem Solving, Integrity, Honesty

Cyprus-Malta Immigration

Lawyers: 20+

Cyprus-Malta Lawyers,

Tax advisors, Fiduciary staff: 150+

Our Ethos:Small firm personal, Big firm expertise

Trusted Legal & TaxAdvisors: Maintainingclient confidentiality

1 - 2 WEEKS REVIEW TIME

• The application is reviewed by theCypriot authorities

2 DAYS PREPARATION TIME

• Preparing the necessarydocumentation

• The application must be submittedwithin 4 months of arrival in Cyprus

Accredited Agent For Cyprus

The materials contained in this document are provided for general information purposes only and are not intended to provide legal or other professional advice. We accept no responsibility for any direct, indirect or consequential loss or damage which may arise from reliance on information contained in this document. Readers are advised to seek confirmation of statements made herein before acting upon them; specialist advice should also be sought on your particular cases. Please feel free to contact us at your convenience. © COPYRIGHT NOTICE: Reproduction in whole or in part is strictly forbidden, except with the prior written consent of Chetcuti Cauchi.

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Dr Jean-Philippe Chetcuti Senior Partner, Residency & Citizenship, Taxjpc@cclex.com