Temporary Residence Permits – Pink Slip

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Temporary Residence Permits – Pink Slip

The Temporary Residence Permit, commonly referred to as the Pink Slip, allows non-EU nationals to legally reside in Cyprus for extended periods beyond the standard visa duration. It is ideal for individuals and families who wish to spend part of the year in Cyprus, manage business interests, or wait for their permanent residence or immigration permit to be approved.

The Pink Slip provides the right to live in Cyprus but not to work, although holders may own shares or serve as directors in Cypriot companies. It is typically issued for one year and can be renewed annually, provided the applicant continues to meet the residency and income requirements.

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Key Points and Requirements for the Pink Slip

To qualify for a Temporary Residence Permit, applicants must demonstrate that they can sustain themselves in Cyprus without employment and that their stay serves a legitimate purpose, such as leisure, retirement, or business management.

Open to non-EU nationals wishing to reside in Cyprus for longer than 90 days per year.

Applicants must provide evidence of stable income from abroad, such as employment, pension, dividends, or savings. Indicative annual thresholds:

a. €24,000 for a single applicant (plus 20% for a spouse and 15% per dependent child)
b. €28,800 for a couple
c. €32,400 for a couple with one child

Proof of residence through property ownership or a long-term rental agreement must be provided.

A minimum of €24,000 must be deposited in a Cyprus bank account, transferred from abroad.

a. Cash brought into Cyprus must be declared at the airport, and a confirmation document obtained.
b. The Cypriot bank must issue a SWIFT confirmation verifying that funds originated from abroad.
c. The amount increases by 20% for a spouse and 15% for each dependent child.

Applicants must provide a bank guarantee issued by a local bank for each family member:

a. €550 for Eastern European nationals (including Russians)
b. €350 for Middle Eastern nationals
c. €850 for Asian or American nationals
Note: Average processing time: 1–2 business days.

Exemptions: No bank guarantee required for nationals of the UK.

Valid international or local medical insurance is required. Local insurance plans start at approximately €175 per person and can be issued within one day.

 Required only for first-time applicants and conducted in Cyprus.

a. Blood tests for Hepatitis B and C, HIV, and Syphilis
b. Chest X-ray confirming absence of tuberculosis
c. Results must be stamped by a licensed specialist and are valid for three months.

• Supporting Documentation
a. Passport copy
b. Marriage Certificate and/or Children’s Birth Certificates (if applicable), certified and translated*
c. School enrolment confirmation for dependent children

• Criminal Record Certificate* (not older than six months) from the country of origin or residence. For UK applicants, the certificate must be issued by ACRO Criminal Records Office (not DBS).

Note:
1. Documents marked with an asterisk (*) must either bear an Apostille or be certified by the issuing country’s Ministry of Foreign Affairs and the Cyprus Embassy.
2. Application Processing Time: As of 2025, Pink Slip applications are typically processed within six months.
3. Permit Validity: Once approved, the Pink Slip is issued for one year and can be renewed annually.
4. Legal Stay During Processing:  Applicants are permitted to remain in Cyprus lawfully while their application is under examination.
5. Family Inclusion – Spouses and dependent children may be included in the same application, provided adequate financial means are demonstrated.

Sunset over the sea in Larnaca, Cyprus, symbolising a new start for people obtaining temporary residency with KIKLON Partners
Expertise

Our Temporary Residence Permit – Pink Slip Services

At KIKLON Partners, we offer a complete support package for clients seeking to establish or maintain temporary residency in Cyprus, ensuring a compliant and efficient process from start to finish.

Eligibility & Structuring Advisory: Assessing your profile, income sources, and intended stay to determine whether the Pink Slip is the most suitable option for you and your family.

Application Preparation & Submission: Preparing, translating, and submitting the full application package to the Civil Registry and Migration Department, including financial evidence, health insurance, and accommodation documentation.

Family Application Handling: Coordinating joint applications for spouses and dependents to ensure collective approval and synchronised renewal cycles.

Banking & Financial Guidance: Assisting with opening local bank accounts, preparing proof of deposit, and structuring documentation to demonstrate sufficient income.

Ongoing Compliance & Renewals: Monitoring renewal dates, assisting with extensions, and ensuring you continue to meet Cyprus’ immigration and residency requirements.

Transition to Permanent Residency: Advising on the pathway from Pink Slip to Permanent Residency (Category F or Fast-Track 6.2), including the investment or income requirements for long-term settlement.

Frequently Asked Questions

The Pink Slip is designed for non-EU nationals who wish to reside in Cyprus for more than 90 days — for example, retirees, remote workers, or individuals relocating temporarily with family. It allows lawful long-term stay without the need for a work permit, making it ideal for those who earn income from abroad or manage investments while living in Cyprus.

Applicants must show sufficient and stable income from abroad, typically at least €24,000 per year for a single person, plus 20% for a spouse and 15% for each dependent child. This income can come from salaries, pensions, dividends, or savings and must be supported by official financial statements or bank transfers from abroad.

Holders of a Pink Slip cannot work for a Cyprus employer, but they may own shares in a Cyprus company, receive dividends, or manage their own business as a director. The permit is primarily for residence and investment management rather than local employment.

The Pink Slip offers flexibility, lower entry requirements, and family inclusion, without the need for large-scale investments. It allows you to reside in Cyprus year-round, open local bank accounts, send children to schools, and enjoy a stable EU lifestyle — all while maintaining foreign income