DIGITAL NOMADS

 An Attractive Visa Scheme in Cyprus

Digital nomads, as the term implies, are people who work remotely from anywhere in the world, using digital technology to perform their job. This coincides with the worldwide trend of the companies that adopted widely “Remote working”.

The Government of the Republic of Cyprus introduced a specific visa programme, with several incentives for people who would like to take advantage of all the benefits of living on the island, while working for companies who operate outside the country.

What is the "Cyprus digital nomad visa"?

 The "Cyprus Digital Nomad Visa" Scheme allows nationals from non-EU and non-EEA countries, who can perform their work location-independently using telecommunications technology, toreside temporarily in Cyprus and work for an employer registered abroad orprovide servicesfor companies or clientslocated abroad

The Scheme’s goal is to strengthen Cyprus as a center for the provision of electronic services, where in combination with the other advantages offered, the attraction of digital nomads will contribute to the development of the business ecosystem andconsequently to the economic development of the country. The introduction of the "Cyprus Digital Nomad Visa Scheme" is included in the Strategy for Attracting Businesses for Activities or/and Expansion of their Activities in Cyprus.

Main Benefits to Non-EU or non-EEA Nationals

 Can perform work remotely through telecommunications technology;

 Are employed by their own company or another company registered abroad, for which they can work location-independently, or are self-employed offering services remotely for clients located abroad;

 Can prove that they have stable and sufficient monthly net income of at least €3.500 (after the deduction of contributions and taxes).

What are the benefits of the digital nomad scheme?

Individuals that are granted a Digital Nomad residence permit will benefit from the following:

 Right of residence for a year in Cyprus, with a possibility of renewal for further two years.

 Right of residence for family members, for the same period as the Digital Nomad, without the right to be employed of perform economic activity in Cyprus.

 If they reside in the Republic for one or more periods that in total exceed 183 days within the same tax year, then they are considered tax residents of Cyprus, provided they are not tax residents in any other country. In this way, one can be eligible for a good number of tax benefits (request further information).

Family members

 Digital Nomad’s family members can reside in Cyprus for the same period as the Digital Nomad, without the right to be employed or perform any economic activity in Cyprus.

 Family members include the spouse/ partner in a civil union and underaged children.

 Family members also need to obtain a temporary residence permit following the procedure below.

Requirements

There’s a minimum threshold of funds coming from abroad (supported by salary, bank statements, etc) set to €3.500 per month, an increase of 20% for the spouse and by 15% for any minor child.

Medical insurance covers in-patient, out-patient, and transportation of mortal remains.

Declaration, that the applicant and his dependent family members, do not intend to work, or to provide services or be engaged in any form of business with any companies or clients located in Cyprus.

Clean criminal record certificate from the country of residence.

Must have suitable accommodation in the Republic of Cyprus

Procedure

 Within 3 months of arrival, the applicant should submit the relevant application along with the required documents, to the Migration Department in Nicosia. All documents accompanying application forms should be officially translated and duly certified/ ratified.

 Applications can be submitted personally or through an authorised representative.

 For the issuance of the temporary residence permit capturing biometric data (photo and fingerprints) and the signature of the third country national is necessary, which is done with the presentation of the application submission receipt and a valid travel document.

Examination time

The time of examination is between 5 – 7 weeks from the time of submission.

Duration of temporary residence permit

  A first temporary residence permit is issued with a validity of one year. In case of renewal, the temporary residence permit is issued with a validity of maximum two years.

A first temporary residence permit is issued with a validity of one year. In case of renewal, the temporary residence permit is issued with a validity of maximum two years.

Next Step

Book a preliminary complimentary teleconference consultancy meeting.    Contact us by email: This email address is being protected from spambots. You need JavaScript enabled to view it. or call at +357 22 669 017