fbpx
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.

Benefits

  • 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.

Requirements

  • 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.

Share this post

Share on linkedin
Share on facebook
Share on pinterest
Share on twitter
Share on email

Contact Us

Receive the latest news

Subscribe to our newsletter

Sign up for the monthly newsletter and never miss an update.