Doing Business in Cyprus (UAE Edition)

DOING BUSINESS C YPRUS
63
UNITED ARAB EMIRATES EDITION
FAMILY REUNIFICATION RIGHTS
Family reunification rights are granted to third-country nationals employed by this
revised policy and regulated by the Business Facilitation Unit. Direct and free access
to the labour market as paid employees is granted to spouses of the third-country
nationals who have obtained a residence and work permit in Cyprus, through this
revised policy and who receive a minimum gross monthly salary of €2,500. This right
does not extend to supporting staff who receive a monthly salary of less than €2,500.
SIMPLIFICATION OF GRANTING WORK PERMITS UNDER CATEGORY E
The action plan provides for the simplification and acceleration of the process of
granting immigration and work permits under Category E – Long-Term Resident Status
to persons who have been offered permanent employment and whose employment
does not create undue local competition.
DIGITAL NOMAD VISA
Significantly the new Action Plan provides for the introduction and the issuing of Digital
Nomad Visas with a maximum initial limit of 100 beneficiaries.
WHO IS ELIGIBLE:
Third-country nationals who are either self-employed or are employees who work
remotely using information and communication technologies to communicate with
their clients or employers who must be outside Cyprus.
WHAT RIGHTS DO YOU GET:
• right to stay in the country for up to one year, with the
right to renew their visas for another two years
• can be accompanied by family members, to whom a residence permit is granted
upon request, which will expire at the same time as that of the main applicant
• during their stay in Cyprus, the spouse or partner and the minor
members of the main applicant’s family are not allowed to
engage in any kind of economic activity in the country
WHAT ARE THE CONDITIONS:
• must show evidence of sufficient resources at a fixed income level of a
minimum €3,500/month to cover living expenses during their stay without
burdening the national and welfare system (the amount is increased by 20%
in case they have a wife/husband/partner and another 10% per child)
• must have insurance coverage and a clean criminal record
• the aforementioned prerequisites are indicative and
additional requirements are applicable
In the event that the holders of Digital Nomad Visas reside in the Republic for one or 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 state.