On 15 October 2021, the Council of Ministers approved the introduction of the Digital Nomad Visa Scheme in Cyprus with a ceiling of 100 residence permits, targeting to attract businesses and talent from abroad. On 3rd March 2022, the Council of Ministers increased the ceiling to 500 residence permits. The new scheme set to attract
Beneficiaries
The scheme allows nationals from non-EU and non-EEA countries to apply for the visa if the following conditions are satisfied:
- They can perform their work remotely through telecommunications technology;
- They are employed in a company registered outside of Cyprus, for which they can work remotely or they are self-employed offering services remotely for clients located outside of Cyprus;
- They can prove that they have stable and sufficient monthly net income of at least €3.500(after the deduction of contributions and taxes).
Benefits of the Scheme
Individuals that are granted with a Digital Nomad residence permit will have the right of residence in Cyprus for 1 year, with a possibility of renewal for a further 2 years. If they reside in the Republic for one of 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.
Furthermore, the family members of the individual can also obtain a residence permit in Cyprus for the same duration as the holder of the Digital Nomad Visa, without the right to be employed of perform economic activity in Cyprus. Family members include the spouse/ partner in a civil union and minor children.
Procedure
Individuals who are interested to apply for the Digital Nomad Visa, should enter Cyprus with a tourist visa. Within 3 months of their arrival in Cyprus, they should submit the relevant applications to the Civil Registry and Migration Department.
In case the applicants legally resides in Cyprus under a different status, they have also the right to submit the relevant application to be granted a temporary residence permit as a Digital Nomad, at the Civil Registry and Migration Department in Nicosia.
For more information about the procedure and the necessary documentation, refer to the relevant governmental website in the following link.
Examination time
The time of examination is between 5 – 7 weeks.
Sagehill Partners has a specialised team who can assist you with the preparation and filing of Digital Nomad Visa application.
We remain at your disposal for any further clarifications may be needed.
