Cyprus business Visa
A Cyprus business visa is a residency available to employees and owners of international companies registered in Cyprus with the migration department. Its legal basis is Regulation 5 of the Aliens and Immigration Regulations. It is also known as “Permanent Residency with the right to work.”
Types of Cyprus business visas
- Cyprus category C visa is available for owners of international companies of foreign interests who have an amount of approximately € 260,000 invested as capital for the company.
It also has to be shown that such an employee would not negatively affect Cyprus’s economy.
- Cyprus category E visa is available for persons who have been offered permanent employment in Cyprus in a company of foreign interests.
Also, such employment shall not create unfair local competition.
Required Documents
- Passport for the applicant and family members.
- Valid temporary residence permit.
- Cyprus alien card or ARC (Alien registration certificate).
- Health insurance policy for the applicant, wife, and children.
- Current bank statements in Cyprus and abroad.
- Original employment agreement duly certified and stamped.
- Original income tax clearance certificate for all the years (Form I.R.25)
- Swift from a bank abroad and a declaration from Cyprus bank on the amount of money the applicant has personally transferred from abroad
- ocuments to prove business activities in other countries and income (if applicable)
Application procedure
The application for a residency permit is filed by the applicant’s lawyer at the Civil Registry and Migration Department in Nicosia. The applicant does not need to be present.
Following submission, the applicants will be called for an interview. It is a primary interview with some general information to be asked about them.
