Why Choose Cyprus Residency? Everything you need to know in 2025!
Cyprus has long been a favorite destination for individuals and families seeking a better quality of life in the Mediterranean. Known for its sunny climate, welcoming communities, and excellent infrastructure, the island offers a unique blend of modern amenities and traditional charm. With its strategic location and close ties to the EU, the island is not only a beautiful place to live but also an ideal base for work and travel.
Obtaining a Cyprus residency opens the door to a range of benefits. From easy access to healthcare and education to the ability to live and work in a safe, family-friendly environment, the island provides an attractive lifestyle for expats.
Residency also simplifies financial matters, allowing EU citizens to take advantage of favorable tax conditions and business opportunities.
Whether you’re looking to relocate for personal, professional, or financial reasons, Cyprus stands out as an expat-friendly destination that combines opportunity with a relaxed Mediterranean way of life.
Cyprus Residency Options for EU Citizens
As an EU citizen, securing residency in the country is a straightforward process, thanks to the island’s membership in the European Union.
The most common residency document for EU nationals is the Yellow Slip, officially known as the Registration Certificate for Union Citizens. This document allows EU citizens to live, work, and enjoy the many benefits of residing in Cyprus without the need for additional work visas or permits.
What is the Yellow Slip?
The Yellow Slip is a formal residency document issued to EU citizens who plan to stay in Cyprus for more than three months. It serves as proof of your legal residency and gives you access to essential services, including healthcare, education, and banking.
This certificate is mandatory for anyone wishing to work or start a business in Cyprus, making it a crucial step for expats.
Obtaining your Yellow Slip in Cyprus involves a few key steps:
- Schedule an Appointment: Book an appointment at the local Civil Registry and Migration Department or the nearest District Immigration Office.
- Prepare Your Documents: Gather the necessary paperwork, including:
- A valid passport or ID card
- Proof of employment or financial self-sufficiency
- Proof of address in Cyprus (rental agreement or utility bill)
- A completed MEU1 application form
- Passport-sized photos
- Attend the Appointment: Submit your application and documents in person. You may also need to pay a small processing fee.
- Receive Your Yellow Slip: After approval, you’ll receive your Yellow Slip, which serves as your residency certificate.
At RebaseCyprus, we understand that navigating the residency process can feel overwhelming. That’s why we offer a complete service to handle all the necessary steps for obtaining your Yellow Slip. From preparing your documents to registering your address—a crucial requirement for residency—we take care of everything.
Without a registered address in the country, it’s impossible to obtain a Yellow Slip. Our team ensures your address registration is completed correctly, avoiding unnecessary delays.
Once everything is ready, all you need to do is attend one appointment at the Immigration Office to sign the required forms. We’ll handle the rest, making the process as quick and stress-free as possible.
Benefits of the Yellow Slip for EU Residents
The Yellow Slip grants EU citizens several important rights and privileges, such as:
- Right to Work: Work legally in here without needing additional permits.
- Access to Services: Open bank accounts, sign rental agreements, and access public healthcare.
- Residency Security: Live in Cyprus with full legal status for as long as you wish.
- Family Integration: Your family members can also apply for residency under your status.
- Simplified Tax Residency: Qualify for Cyprus’ tax residency program if you meet the criteria.
By obtaining the Yellow Slip, EU citizens can seamlessly integrate into life in Cyprus, enjoying the island’s relaxed lifestyle while accessing its numerous professional and personal opportunities.
Cyprus Permanent Residency for Non-EU Citizens
For non-EU citizens, the Cyprus Permanent Residency Permit (PRP) provides a secure and long-term solution for living on the island. Unlike the Yellow Slip, which is available exclusively to EU nationals, the PRP is tailored to individuals from outside the European Union who wish to reside in Cyprus permanently without applying for citizenship.
The PRP is a highly sought-after status that allows non-EU nationals to live indefinitely on the island. It offers several advantages, including access to local services, education, and healthcare, as well as the ability to invest in property and enjoy the island’s low-tax environment.
The PRP is typically granted under two main categories:
- Category 6(2): Also known as the “Fast Track” PRP, it is designed for individuals who invest in real estate or other approved assets in Cyprus.
- Category F: The “Slow Track” PRP for those with sufficient financial means to support themselves without working in Cyprus.
Eligibility and Requirements for the PRP
The PRP application process depends on the type of permit being pursued. For the Fast Track PRP (Category 6(2)), applicants must meet the following requirements:
- Invest at least €300,000 (plus VAT) in a new property in Cyprus.
- Demonstrate an annual income of at least €30,000, with an additional €5,000–€8,000 for each dependent.
- Provide proof of funds from overseas sources.
- Submit a clean criminal record certificate.
For the Slow Track PRP (Category F), the requirements are less strict but involve proving adequate financial resources to live in Cyprus without employment.
How the PRP Differs from the Yellow Slip
While the Yellow Slip is available exclusively to EU citizens and is linked to their right to free movement within the EU, the PRP is specifically for non-EU nationals and requires a more formal application process. Unlike the Yellow Slip, the PRP is a long-term residency status that does not need renewal, offering non-EU citizens a greater sense of stability.
Additionally, the PRP comes with investment or income requirements, which are not applicable to the Yellow Slip. However, both permits provide access to Cyprus’ lifestyle benefits, including its sunny climate, safety, and high quality of life.
The PRP is an excellent pathway for non-EU citizens looking to establish a secure foothold in Cyprus, whether for personal living, family relocation, or investment purposes.
Residency Through Investment (Golden Visa)
The Cyprus Golden Visa program offers non-EU citizens an efficient and secure way to gain permanent residency by making a qualified investment.
As of 2024, the program has become one of the most attractive options for investors seeking residency in Europe due to its straightforward process, affordability compared to other EU Golden Visa programs, and the many lifestyle and business benefits Cyprus provides.
What is the Cyprus Golden Visa?
The Golden Visa is a residency-by-investment program that grants non-EU nationals permanent residency in Cyprus. The program is ideal for individuals and families looking for a stable and high-quality living environment, a favourable tax system, and easy access to the European Union. Once granted, the residency status is permanent and does not require renewal, offering a long-term solution for living in Cyprus.
To qualify for the Cyprus Golden Visa, applicants must invest a minimum of €300,000.
The investment can be made through one of the following options:
- New Residential Property: Purchase a new house, apartment, or two properties directly from a developer in Cyprus.
- Commercial or Mixed-use Property: Invest in commercial buildings, such as offices or mixed-use developments, as long as they meet the investment threshold.
- Investment Funds: Allocate funds to a Cyprus-based collective investment scheme that meets the criteria of the program.
In addition to the investment, applicants must demonstrate an annual income of at least €30,000 from abroad and provide proof of additional income for dependents.
Advantages of the Golden Visa
The Cyprus Golden Visa offers numerous benefits, including:
- Permanent Residency for Life: Once obtained, the residency is valid indefinitely and extends to the applicant’s spouse, children under 18, and even adult dependents up to age 25.
- No Need to Reside in Cyprus Full-Time: Applicants only need to visit the country once every two years to maintain their residency status.
- Fast Processing: The Golden Visa application is typically processed within two months, making it one of the quickest residency-by-investment programs in Europe.
- Access to High-Quality Lifestyle: Residency allows you to enjoy Cyprus’ excellent healthcare, education, and family-friendly environment.
- Business and Tax Benefits: Non-EU nationals can establish a base in Cyprus to leverage its low tax rates and strategic location for international business.
The Cyprus Golden Visa is a compelling option for those seeking to secure residency in an EU-adjacent country while making a smart investment in real estate or other assets. With its favorable terms and outstanding lifestyle opportunities, it remains one of the most appealing residency-by-investment programs available today.
Tax Benefits of Cyprus Residency
Cyprus is a prime destination for EU citizens seeking residency, not just for its lifestyle advantages but also for its highly favourable tax system. Known for its low tax rates and progressive policies, Cyprus is particularly attractive to entrepreneurs, remote workers, and business owners looking to optimize their financial situation while enjoying life in the Mediterranean.
Low Tax Rates and Favorable Policies
Cyprus offers one of the lowest corporate tax rates in the European Union at just 12.5%. This makes it an appealing choice for EU citizens who wish to establish a business on the island. In addition, Cyprus has a network of double-taxation treaties with over 65 countries, ensuring that residents avoid being taxed twice on the same income.
For individuals, the personal income tax system is equally advantageous. Residents earning less than €19,500 annually are exempt from income tax, and higher earners benefit from a progressive tax structure with numerous deductions.
Benefits for Entrepreneurs and Remote Workers
For entrepreneurs, setting up a company in Cyprus provides significant tax advantages. Once registered, companies can enjoy reduced taxation on profits, dividends, and even intellectual property earnings under the country’s IP Box regime. Additionally, the absence of inheritance tax and low social insurance contributions further sweeten the deal for business owners.
Remote workers also stand to gain from Cyprus’ tax-friendly environment. The country recently introduced a digital nomad visa, allowing remote professionals to reside in Cyprus while working for companies abroad.
With relatively affordable costs of living and no local income tax on foreign earnings under specific conditions, EU citizens can maximize their earnings while enjoying the island’s quality of life.
Overview of Cyprus Tax Residency Requirements
To qualify as a tax resident in Cyprus, EU citizens need to meet one of the following criteria:
- 183-Day Rule: Spend at least 183 days in Cyprus within a tax year.
- 60-Day Rule: Spend at least 60 days in Cyprus within a tax year, provided you:
- Do not reside in any other country for more than 183 days.
- Have business or employment ties to Cyprus.
- Maintain a permanent residence in Cyprus, either rented or owned.
By establishing tax residency in Cyprus, EU citizens can enjoy significant savings while benefiting from the island’s robust business infrastructure. Whether you’re looking to launch a new venture or grow an existing one, Cyprus offers a strategic and tax-efficient base for EU entrepreneurs.
With its combination of low taxes, excellent support for businesses, and simple residency requirements, Cyprus is the ideal destination for EU citizens seeking a financially rewarding relocation.
How RebaseCyprus Simplifies the Process
Relocating to Cyprus as an EU citizen should be an exciting step toward a new lifestyle, not a stressful challenge. At RebaseCyprus, we specialise in making your move as smooth and straightforward as possible. Whether you’re planning to apply for the Yellow Slip, establish tax residency, or start a business, our expert team is here to handle the complexities so you don’t have to.
Comprehensive Services for EU Citizens
Our services are specifically tailored to the needs of EU citizens, ensuring that every step of your relocation aligns with Cyprus’ legal and administrative requirements. From helping you obtain your Yellow Slip to assisting with family registrations, we handle the entire process. We also provide support for entrepreneurs looking to register their business, offering solutions that save time and eliminate unnecessary complications.
Assistance with Documentation and Appointments
Navigating Cyprus’ administrative system can be daunting, especially for newcomers. RebaseCyprus ensures all your documents are prepared accurately and in compliance with local regulations. We arrange and manage your appointments with immigration authorities, ensuring you’re fully prepared for each step.
All you need to do is attend the necessary meeting—we’ll handle everything else, from submitting paperwork to following up with officials.
Tailored Relocation Solutions
No two moves are the same, which is why we offer personalized relocation solutions.
For EU citizens, this includes:
- Securing residency permits for individuals and families.
- Providing address registration services, a mandatory requirement for obtaining the Yellow Slip.
- Assisting entrepreneurs with business registration and setting up tax-efficient structures in Cyprus.
By choosing RebaseCyprus, you’re not just outsourcing bureaucracy—you’re gaining a dedicated partner who understands your unique needs as an EU citizen.
Start Your Journey Today!
Relocating to Cyprus has never been easier. Let RebaseCyprus handle the paperwork, appointments, and logistics so you can focus on building your new life. Whether you’re moving to Cyprus for business, lifestyle, or family, we’ll ensure every detail is covered.
Reach out to us today and discover how effortless your move can be with RebaseCyprus by your side!
