Last Updated on February 23, 2023
Key Points
Cyprus introduced new qualification requirements for foreign nationals applying for a temporary residence permit
Overview
The government of Cyprus introduced new measures for temporary residence permits on 1 January 2023. These changes include:
- First-time applicants for a temporary residence permit must meet a minimum income threshold of at least € 2,000 per month.
- An additional 20% income must be demonstrated for spouses and 15% for dependent children.
- First-time applicants must also provide proof of holding at least € 10,000 in a personal bank account in Cyprus.
The government will also introduce additional requirements for the renewal of temporary residence permits beginning 1 May 2023. This will include raising the income threshold and updating the medical examination requirements. For additional information, check here.
What are the Changes?
Effective 1 January 2023, the government of Cyprus implemented new measures for foreign nationals applying for temporary residence permits in the country. Additional new qualification requirements are anticipated to go into effect beginning 1 May 2023.
Looking Ahead
Continue to check the government of Cyprus’ website and Envoy’s website for the latest updates and information.
Content in this publication is for informational purposes only and not intended as legal advice, nor should it be relied on as such. For additional information on the issues discussed, consult an attorney at one of the two U.S. Law Firms working with the Envoy Platform or another qualified professional. On non-U.S. immigration issues, consult an Envoy global immigration service provider or another qualified representative.
