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At Dempas Property, we offer holistic immigration services over a wide spectrum of client requirements, including the Cyprus Investment Programme

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Pink Slip
Temporary residence permit Category F
Permanent residence permit PRP
Permanent Residence Permit

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Dempas Property offers a wide variety of high quality insurance services

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motor insurance
property insurance
travel insurance
medical insurance
shop insurance
liability insurance

Car rentals in Cyprus

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Car rental
Airport transfer
Individual tours around Cyprus Comfortable cars

Pink Slip

Temporary residence permit

Non-EU citizens, who come to Cyprus for long-term purposes, should obtain special temporary permits, commonly referred to as “Pink Slip”. Such type of permits could be issued for the period from 1 up to 4 years with the limitation of total absence period not more than 3 months. A “Pink Slip” could be issued for the period of 1 year at first application and will be easily extended in the territory of Cyprus.

Documents required in order to obtain the permit

  • copy of sale agreement or rental agreement or Title deeds;
  • at least a few thousands of euro deposited in the bank and proof of where it came from;
  • passport; copy of the first page and page with the last entry stamp; originals;
  • bank statements from bank accounts in Cyprus and abroad;
  • bank guarantee on the sum of € 855 for Non-EU and € 515 for Russians; copy;
  • marriage certificate; translation; copy and apostille (Russians are exempted from apostille);
  • pension certificate; translation; copy of any other source of income such as interest, rental income, income from other investments. Documents must show the proof of steady and regular income from external sources sufficient to support a long-term stay of the applicant and his family in Cyprus. This is not obligatory but will help for further extension of the permit;
  • birth certificate for children; translation; copy and apostille (Russians are exempted from apostille);
  • Cypriot medical insurance automatically renewable every year.

Category F

Permanent residence permit
  • This is a permit, which grants permanent residency without the right to work in the Republic of Cyprus.
  • Concerns Non-EU citizens.
  • It is granted to the applicant, his (her) spouse and their minor children.
  • Without the right to work in the Republic of Cyprus.
  • Issued up to 1 year.
  • Life-long validity without renewal.

Reasons for revocation of the permit

  • when the holder of this permit has been granted a permanent residency permit in another country (other than the country of his nationality);
  • when he/she has not visited Cyprus for a period longer than 2 years.

Requirements

  • The applicant is a Non-EU national.
  • The applicant must possess fully and freely at his disposal a secured annual income, high enough to give him a decent living in Cyprus without having to engage in any business, trade or business activity, and cover all the expenses of all the members of his family.
  • The income shall come from legal sources from abroad (pensions, bank deposits, rents, business activities etc.).
  • The minimum annual income required is €50.000 per family, but the Civil Registry and Migration Department may demand higher amounts of income at its discretion.
  • The declared annual income must be secure, reliable and consistent on a long-term basis.
  • Personal identification documents are required under Regulation 6(2) application.
  • Copy of sale agreement or Title deeds

Cyprus Permanent Residence

Investing in real estate allows you to obtain
a Permanent Residence Permit in Cyprus.
  • To be granted a life-long permanent residency permit in Cyprus, the applicant needs to purchase a new property or two new properties from the same developer for a total amount of 300,000 euros, excluding the Value Added Tax (V.A.T.). At the time of submission of the application, 200,000 Euros (excluding the V.A.T.) must be transferred in settlement of the property and the contract of sale must be registered at the Land Registry Office.
  • The issuance of the Cyprus permanent residency permit takes about 2 months and covers all family members, including children under 25 years old. A Cyprus residency permit allows the holder to stay in Cyprus all year round although one is not obliged to do so.
  • The unique advantage of the Cyprus permanent residency programme compared to those of other European countries is that it is life-long, whereas in other European countries residency permits are issued for a limited period of up to 5 years.
  • Another considerable advantage of the Cyprus residency programme is that in order to keep your residency you are not obliged to stay in the country for at least 3 months a year, you only need to visit Cyprus once every two years. However, it is necessary to open at least one deposit account in one of the Cypriot banks for the amount of 30,000 euros for a period of 3 years.