Relocation and Residency Assistance
At Wallbank Consulting Ltd., we understand the importance of effective tax planning and compliance for your business. Our team of experienced consultants is here to help you navigate the complexities of tax laws and regulations in Cyprus.
Permanent Residency ( Fast Track)
The Cyprus Permanent Residency Program offers non-EU nationals the opportunity to reside indefinitely in Cyprus. This fast-track option requires a minimum real estate investment of €300,000 (excluding VAT) in a new property. Applicants must also demonstrate an annual income of at least €50,000 generated outside of Cyprus. The program includes benefits such as family inclusion and no minimum stay requirement, provided applicants maintain their investment and comply with the residency terms.Temporary Residency (Pink Slip)
Temporary Residency Permit (Pink Slip)
A Temporary Residency Permit, commonly referred to as the Pink Slip, is ideal for non-EU nationals seeking to live in Cyprus temporarily. It is often granted to individuals who wish to extend their stay beyond the standard visitor visa limit of 90 days. The permit is renewable annually and allows individuals to reside in Cyprus without working.
Registration Certificate (Yellow Slip)
EU citizens who plan to live and work in Cyprus for more than three months are required to obtain a Registration Certificate, known as the Yellow Slip. This document confirms their legal right to reside, work, and access services in Cyprus. The application process is straightforward, and it is a one-time registration without expiration.
Work Permits
Non-EU nationals seeking employment in Cyprus must secure a work permit, which is granted to individuals employed by a Cyprus-registered company. The application is employer-sponsored and requires proof of the employee's qualifications, a clean criminal record, and adherence to labor market regulations. Work permits are typically issued for one year, with renewals possible based on employment continuation.