Cyprus: new rules for issuing a residence permit came into effect

From January 1, 2023, new rules for issuing guest residence permits in Cyprus – financial criteria and health requirements have changed.

Initial residence permit

The Cypriot government has made several changes to the rules for obtaining a guest residence permit: applicants must now prove their financial solvency. When applying for an initial temporary residence permit, you must meet a minimum income threshold of at least €2,000 per month. If there is a family, this amount increases by 20% for the spouse and 15% for each child.

However, it is allowed to include in the application, as evidence of the receipt of a minimum income, the amount received in Cyprus, for example, rental income or dividends from a Cypriot company. In addition, applicants must provide proof of having at least €10,000 in a personal bank account in Cyprus.

Residence permit extension

From May 1, 2023, all applicants who want to renew temporary residence permits must provide a banking history for the last year. She must certify at least €24,000 in money transfers abroad, as well as at least €6,000 in her account (balance statement required). All applications submitted prior to May 1, 2023 will be reviewed in accordance with the current renewal application policy.

Additional requirements

Residence permit holders and their dependents are now required to provide proof of criminal record (legalized or apostilled) in their country of origin or residence. It is also required to provide a medical certificate: about the absence of HIV, sexually transmitted diseases, hepatitis B and C, and a chest x-ray confirming the absence of tuberculosis. Such a certificate is required from permit holders and all dependents aged six years and over upon their arrival in Cyprus. Previously, notes GreekReporter, holders of a temporary residence permit were not required to have a medical examination.

Source link