Beneficiaries of the Cyprus Digital Nomad Visa are non-EU nationals who are self-employed or salaried employees, working remotely with the use of information and communication technologies with employers and/or clients outside Cyprus for a duration of at least 12 months. We note that the maximum initial limit is 100 beneficiaries.
The shift to remote working has changed the way that a number of individuals work around the globe and is unlikely to change anytime soon. Cyprus is one of the most popular European destinations, providing the opportunity for a number of people to live in Cyprus while still working in companies operating abroad.
The new residence permit allows the applicant to stay in Cyprus for up to one year, with the right to renew for another two years. Moreover, the applicant has the opportunity to be accompanied by their family members, who are granted residence permits upon request, which will expire at the same time as that of the main applicant or otherwise the financial supporter of the family.
It is important to note that during their stay in Cyprus, the spouse or partner (applies to persons who have entered into a civil partnership agreement) and the minor members of the family are not allowed to provide dependent work or engage in any economic activity in the country.
In order for the applicant to be eligible, the necessary preconditions that need to be met before applying for the Digital Nomad Visa are:
Lastly, if the applicant together with his/her family members reside in the Republic of Cyprus 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 that they are not tax residents of any other state.
The content of this article is valid as at the date of its first publication. It is intended to provide a general guide to the subject matter and does not constitute legal advice. We recommend that you seek professional advice on your specific matter before acting on any information provided. For further information or advice, please contact Polina Polycarpou, Associate at Limassol office at tel: +357 25 363685 or via email at firstname.lastname@example.org