Temporary residence permit
You can get a temporary resident status for a period of 1 year, which can be extended an unlimited number of times. To obtain a temporary resident status, the following documents should be submitted to the immigration office:
- The documents for the real estate (certificate of ownership, purchase agreement or lease agreement).
- A bank statement from Cypriot bank, evidencing transactions and the current balance of funds are visible (transactions must show that the source of income is abroad, whereas money is spent in Cyprus).
- Declaration of income
- Bank guarantee for 1 year or more (issued by the bank when freezing € 512 (per person) on the account
- Medical insurance
An application for a temporary residence permit can be considered for 1-3 months, during which the applicant can legally stay in the country.