Further
to our previous newsfeed
on this matter, on 3 March 2022 the Council of Ministers of the Republic of
Cyprus decided for the number of persons who can obtain a Digital Nomad Visa to
be increased from 100, which was set initially, to 500. This was due to
interest for such a visa proving to be much greater than initially anticipated.
It
is reminded that eligible for such a visa will be third country nationals who
are self-employed or employees who work remotely for clients and employers
respectively who are situated outside Cyprus.
The
particular visa will provide the right to stay in Cyprus for up to one year,
with a right to renewal for another two years.
Upon
request, a residence permit, expiring at the same time as the one of a holder
of a Digital Nomad visa, can be granted to his/her family members. During their
stay in Cyprus, the spouse or partner (concerns persons who have entered into a
civil union) and the minor members of the applicant’s family are not allowed to
provide dependent work or to engage in any kind of economic activity in the
country.
Applicants
for such a visa will have to show receipt from abroad of at least €3,500 per
month (supported by salary slips, bank statements, etc.), increased by 20% for
the spouse and by 15% for any minor. Furthermore, they need to provide a
declaration that they undertake not to provide any kind of employment or
service to an employer or client based in Cyprus. They also need to provide
evidence about their employment or occupation (i.e. employment contract or
engagement agreement in case they are freelancers or details about the
enterprise in case they are self-employed). They also have to hold a medical
insurance and to present a Clean Criminal Record Certificate from their country
of residence.
