Southern Cyprus Rent a Real Estate (Temporary Residence)

Southern Cyprus Rent a Real Estate (Temporary Residence)

This program is a temporary residence permit that allows non-EU nationals to legally reside in the Republic of Cyprus for more than 90 days. It is a fantastic option for individuals who are financially independent, retirees, or those who want to experience Cypriot life before committing to a more permanent solution. The key requirement is demonstrating sufficient income from abroad to support yourself and your family without needing to work in Cyprus.

Quick Facts about the Southern Cyprus Temporary Residence Permit

• Visa Type: Visitor’s Temporary Residence Permit (Pink Slip)
• Duration: Valid for 1 year, renewable annually.
• Right to Work: No. Holders cannot engage in any form of paid employment in Cyprus.
• Accommodation: Requires a long-term rental agreement or property ownership in Southern Cyprus.
• Schengen Area: As of mid-2025, Cyprus is not yet a member of the Schengen Area, but accession is expected in late 2025. This will significantly enhance travel freedom for permit holders.

Purpose of the Southern Cyprus Temporary Residence Program

The primary purpose of this permit is to provide a legal and stable residency status for non-EU individuals who wish to live in Cyprus as visitors. It’s a great stepping stone to immerse yourself in the culture, explore the local real estate market, and make long-term decisions about your life on the island. The permit also allows for family reunification, enabling spouses and dependent children to join the main applicant.

Eligibility Criteria for the Southern Cyprus Rent a Real Estate (Temporary Residence)

To qualify for the Southern Cyprus Rent a Real Estate (Temporary Residence) permit, applicants must meet several key criteria:

1. Non-EU National: The program is exclusively for citizens of countries outside the European Union.
2. Proof of Accommodation: You must provide a long-term rental agreement (minimum one year) or proof of property ownership in Cyprus. The rental agreement must be certified by a certifying officer and stamped at the tax office.
3. Financial Self-Sufficiency: You must prove you have a stable and sufficient annual income from sources outside of Cyprus to cover your living expenses. This is a critical requirement.
4. Clean Criminal Record: A clear criminal record certificate from your country of origin or residence is required, and it must not be older than six months.
5. Health & Character Requirements: You will need to undergo medical exams in Cyprus for certain diseases (Hepatitis B and C, HIV, Syphilis) and a chest X-ray for tuberculosis. You must also not be considered a danger to public order or security.
6. Health Insurance: Valid health insurance covering inpatient and outpatient care in Cyprus is mandatory for all applicants.

Application Process for the Temporary Residence Permit

The application process is straightforward, but it requires careful preparation. Here is a step-by-step guide:

1. Enter Cyprus: You must enter Cyprus legally, either with a valid visa or a visa-waiver, and then apply for the temporary residence permit.
2. Open a Cypriot Bank Account: This is a mandatory first step. You need to transfer a specific amount from abroad to this account.
3. Gather Required Documents: Collect all necessary documents, including passport copies, certified rental agreement, proof of income from abroad, and certificates.
4. Attend an Immigration Appointment: Submit your application in person at the local Immigration Unit in the district where you reside. The appointment is crucial for providing biometric data and submitting all documents.
5. Pay Fees: Pay the application fees, which are typically €70 per family member.
6. Await Processing: The processing time can vary, but it’s typically a few months. During this period, you are legally allowed to stay in Cyprus.
7. Receive Your Permit: Once approved, you will be issued a temporary residence permit card.

Financial Requirements Breakdown

The table below provides a clear breakdown of the minimum financial requirements for the Southern Cyprus Rent a Real Estate (Temporary Residence) permit, based on recent program updates:

Note: These figures are estimates and can be subject to change. It is essential to consult with a legal professional for the most current information. The bank deposit amount is a demonstration of funds and can be used after the application.

Benefits of the Southern Cyprus Rent a Real Estate (Temporary Residence)

Obtaining this permit comes with a number of significant benefits:

• Extended Stay: Allows you to live in Cyprus for more than the standard 90-day tourist visa period.
• Family Inclusion: Spouses and dependent children under 18 can be included in the same application.
• Freedom to Travel: You can travel freely within the government-controlled areas of the Republic of Cyprus. The upcoming Schengen accession will likely extend this benefit to the entire Schengen Area.
• No Limit on Renewals: The permit can be renewed annually, providing a long-term stable residency status as long as you continue to meet the eligibility criteria.
• Path to Citizenship: After 8 years of continuous legal residence in Cyprus, you may become eligible to apply for citizenship by naturalization.

Updates and Considerations for 2025

As of late 2024 and early 2025, the most significant update is Cyprus’s push to join the Schengen Area. The government has stated its aim to complete the technical requirements by the end of 2025. This is a major consideration for anyone applying now, as a successful application would grant future permit holders the right to visa-free travel within the Schengen Zone for up to 90 days in any 180-day period. This potential change makes the Southern Cyprus Rent a Real Estate (Temporary Residence) program even more attractive.