Temporary residence permit in Cyprus (residence permit or Pink Slip):
The residence permit also gives its owner opportunities for residence, recreation and education in Cyprus. Temporary resident status can be obtained for a period of one year. This immigration status implies a stay in the country for up to 365 days a year.
Advantages of obtaining a residence permit in Cyprus:
- Acquisition of a residence permit takes approximately 1 month
- Unlimited number of extensions
- No purchase of real estate is required, only rent
- Applies to all family members
- Right to live in the country all year round without leaving it
Requirements for the applicant:
- Documents regarding real estate (purchase contract, certificate of ownership or lease)
- An extract from the bank, where the source of income must be located abroad
- Bank guarantee
- School certificate for underage children
- Medical insurance
- Other documents upon request