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 January 1, 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 May 1, 2023. This will include raising the income threshold and updating the medical examination requirements. For additional information, check here.
What are the Changes?
Effective January 1, 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 May 1, 2023.
Looking Ahead
Continue to check the government of Cyprus’ website for the latest updates and information.
Written by: Jessie Butchley, Global Immigration Writer, Envoy Global
Source: Civil Registry and Migration Department
