Marilia Paraschou

Marilia Paraschou

What is Pink Slip?

Pink Slip is a temporary residence permit for Non-EU citizens, visitors and students wishing to stay in Cyprus for more than 90 days.

The Pink Slip allows people who hold a Non-European passport to extend their stay in Cyprus for more than 3 months. It, also, does no matter what was the duration of their original visa.


  • With the Pink Slip someone can stay in Cyprus as a visitor. Spouse and dependants of a person eligible to acquire a Pink Slip can also get a Pink Slip.
  • There is no limit on how many times a Pink Slip can be renewed.
  • Holders of it can travel in and out of the country freely from the date of submission of the relevant application.
  • Pink Slip holders can receive dividends from investment in a Cyprus company or abroad.

Remember that permits will be cancelled automatically if a Pink Slip holder remains outside of Cyprus continuously for more than 3 months.


  • Applicants need to provide evidence of a personal steady income from abroad and sufficient funds to support their stay in Cyprus.
  • Applicants need to have a residence in Cyprus either to purchase or to rent a house or apartment.
  • Letter of Guarantee issued by a bank in Cyprus covering possible repatriation expenses.
  • Certificate of Health Insurance for Medical Care in Cyprus.

Why Cyprus?

  • Cyprus is a safe destination to live and work.
  • It has one of the most favorable tax regimes in the world.
  • No withholding tax on dividends paid to foreign shareholders.
  • Dependants (under 18) of a Pink Slip holder have the opportunity to study in some of the country’s world-renowned education facilities, schools and Universities.
  • Possibility to open an EU bank account and receive funds in the EU
  • Mediterranean climate and lifestyle.
  • Cyprus is a gateway, between the east and the west. 

Should you require further information, contact our team.

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