CYPRUS EU RESIDENCY PROGRAMME Cyprus Residency

CAPITAL CITY LANGUAGES Nicosia Greek, Turkish, English

TIME ZONE CURRENCY Eastern European Time Zone Euro € (UTC+02:00) POPULATION TOTAL AREA 1,170,13 9,512 km² EU TRAVEL NEAREST COUNTRY No restrictions Lebanon, 264 km

www.cclex.com/citizenship CYPRUS LEGAL BASIS FOR THE CYPRUS YELLOW SLIP Situated in the North East of the Mediterranean, Cyprus is one of the largest islands in Europe offering the comfort of a PROGRAMME Mediterranean lifestyle and the stability of a European country – factors which have attracted many families and retirees alike. The Yellow Slip is granted by virtue of The Right of Union Citizens Cyprus has been a Member of the European Union since May and their Family Members to Move and Reside Freely within the 2004, and a Eurozone Member since January 2008. Territory of the Republic of Cyprus Law of 2007, (ANNEX III, Article 12(1). 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.

BENEFITS OF THE CYPRUS YELLOW SLIP PROGRAMME

€

Fast Process Safe and Secure; Lowest Quality Education & Dependents Valid for Life Cost Effective Crime Levels in the EU Healthcare are Eligible Programme Fee

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.

DOCUMENTATION REQUIRED FAMILY MEMBERS

The Cyprus Yellow Slip may be obtained for different purposes Upon obtaining the Yellow Slip, non-EU dependents become including; work, self-employment and retirement in Cyprus. eligible to receive the ‘Pink Slip’, which is a similar document In this respect, the required documentation is specific to the granting family members the right to reside and work in Cyprus. category one is applying for. The non-EU spouse and children are granted the “Pink Slip” which is a temporary and renewable document valid for QUALIFYING CRITERIA five years. Applicants are required to enter into a rental agreement or purchase a permanent residence, and have full cover health To be able to obtain this document, family members must insurance in the Republic. provide proof of the consistent relationship with the EU citizen.

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.

ELIGIBILITY REQUIREMENTS

+ 18 + + + + =

Applicant in Good Health Insurance Proof of Stable Rental Agreement Genuine Intention to Residence Card Standing Income Reside in the Island CYPRUS YELLOW SLIP

Application Timeline

Arrival in Cyprus 2 DAYS PREPARATION TIME • Preparing the necessary documentation • The application must be submitted within 4 months of arrival in Cyprus 12 WORKING DAYS Submit Application 1 - 2 WEEKS REVIEW TIME • The application is reviewed by the Cypriot authorities

WHY WORK WITH US?

Success Rate: Trusted Legal & Tax Accredited Agent Cyprus-Malta Cyprus-Malta Our Ethos: Problem Solving, Advisors: Maintaining For Cyprus Immigration Lawyers, Small firm personal, Integrity, Honesty client confidentiality Lawyers: 20+ Tax advisors, Big firm expertise Fiduciary staff: 150+

Malta Dr Jean-Philippe Chetcuti Cyprus Senior Partner, London Residency & Citizenship, Tax Zürich Hong Kong [email protected] 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.