The Cyprus Migration Department is once again accepting applications for residence permits under the "Cyprus Digital Nomad Visa" scheme, as detailed in a recent announcement from the Ministry of Interior. This program enables non-EU and non-EEA nationals to live and work remotely in Cyprus, leveraging the island's advanced digital infrastructure.

Key Features of the Cyprus Digital Nomad Visa:

• Availability: The maximum number of permits is capped at 500.
• Eligibility: Non-EU/EEA nationals who can perform their work remotely through telecommunications technology.
• Employment Requirement: Applicants must be employed by a company registered outside of Cyprus or be self-employed with clients located internationally.
• Income Requirement: Applicants need to demonstrate a stable and sufficient monthly net income of at least €3500/monthly after deductions.

Benefits of the Digital Nomad Visa:

• Duration of Stay: Grants a right of residence for one year, renewable for up to two additional years.
• Family Member Inclusion: Family members can also reside in Cyprus for the same period without the right to employment or economic activity.
• Tax Residency: Eligibility for tax residency under Cypriot law, provided no other country considers them as tax residents and they stay in Cyprus for more than 183 days in a tax year.

Why Cyprus? Cyprus offers an idyllic setting combined with a robust business environment, making it an ideal place for digital nomads. The island boasts a high quality of life, excellent weather, and a cost-effective living standard. Additionally, Cyprus is emerging as a hub for business and technology, with thriving clusters in tech, finance, and services that enhance professional opportunities for digital nomads.

Support Contact: If you are interested in applying or have any questions, please reach out to Cathy Georgiou at cathy.georgiou@economideslegal.com.