Minimum income
$3,780/month
$45,360/year
Stay
12 → 36
months, renewable
Application fee
$151
plus $76 per dependent
Tax
Special rate
50% Exemption for Foreign Workers
Path to staying
- Visa12 months
- Renewup to 36 months
- Leads to residency
- Leads to citizenship
Overview
- Country
- Cyprus
- Visa name
- Digital Nomad Visa
- Local name
- Βίζα Ψηφιακού Νομάδα
- Program type
- Formal dn visa
- Status
- Active
- Initial duration
- 12 months
- Max duration
- 36 months
- Income requirement
- $3,780/month ($45,360/year)
- Application fee
- $151
- Tax status
- Special rate
Requirements
- Health insurance required
- Criminal record check required
- Proof of accommodation required
- Proof of employment or clients required
- University degree not required
What you can do
- Work for local companies
- Freelancers eligible
- Employees eligible
- Work permit included no
- Bring dependents
- Multiple entry
- Open a local bank account
Family and dependents
- Dependents allowed
- Yes
- Extra income per dependent
- $756/mo
- Dependent fee
- $76
Tax
- Tax status
- Special rate
- Tax regime
- 50% Exemption for Foreign Workers
- Regime duration
- 17 years
- Foreign income taxed
- No
- Tax residency trigger
- 183 days
How to apply
- Application method
- in country
- Processing time
- 25–49 days
- Can apply in-country
- Yes
- Multiple entry
- Yes
- Can open bank account
- Yes
- Renewable
- Yes
Notes
Cyprus is in the EU but NOT in the Schengen Area. Income requirement: EUR 3,500/mo net, +20% for spouse, +15% per child. Initial 1 year, renewable for 2 additional years (3 years total). Cannot work for Cypriot employers. No tax on dividends, capital gains from securities. Foreign workers earning EUR 55,000+ can claim 50% tax exemption for up to 17 years. Must apply from within Cyprus or at Cypriot embassy. Family members (spouse, civil partner, minor children) can reside for same period.
Also in Cyprus
Cyprus also offers these long-term residency programs