Temporary Residency (Non-Europeans) insights Aug 4, 2021 Ariadne 0 Comment Cyprus temporary residence permit, the so-called Pink Slip, allows Non-European Union passport holders to extend their stay in Cyprus for more than 3 months (90 days). It will also enable tourists and visitors to extend their stay no matter what the duration of their initial visa was. They should apply before their current visa expires. BENEFITS: → Can extend the stay in Cyprus for Non-Europeans up to one year without the need of a visa. → It can be renewed. → Families can apply at the same time; each family member files a separate application form and gets a temporary residence. REQUIREMENTS: → Renting a house or apartment in Cyprus. → Need to show adequate amount of more than €5,000 for an individual or more than €15,000 for a family. → For a family needs to prove that parents are married. RESTRICTIONS: → Cannot stay out of Cyprus for more than three months continuously as the permit would be cancelled automatically. → No right to work in Cyprus. → Is granted only to non-EU Nationals who wish to extend their stay in Cyprus. → Valid for one year, can be renewed annually. DOCUMENTS: → Application form for a temporary residence permit in Cyprus. → Rental agreement or sale agreement of a house or apartment. → Bank statement of a bank account abroad showing adequate amount of funds. → Open a bank account in Cyprus. → Get a bank guarantee. (Processing time for the bank to issue the bank guarantees is 1-2 days). → Eastern Europe countries, Russians = €550 → Middle East countries = €350 → Asian / American countries = €850 → Health Insurance (Private Health Insurance costs €200) → Documents to prove income coming from abroad. → Passport Copy → Marriage Certificate duly certified and translated. → Children Birth Certificates duly certified and translated. Procedure takes usually 10 working days to get all the documents and apply. Then the individual or the family will book an appointment for the immigration to go and get biometrics.