- Why choose Cyprus as a digital nomad place?
- What is required to get the Digital Nomad Visa?
- How easy can you get the Digital Nomad Visa?
- Cost of living in Cyprus and major cities to stay and enjoy as a digital nomad
The Cyprus digital nomad visa is a new scheme that allows non-EU and non-EEA citizens to work location-independently using telecommunication technology. With this visa, you can stay in Cyprus for up to one year, with the possibility of renewing it for another two years. You can also bring your spouse and dependents with you, as long as you meet the income requirements.
In this blog post, we will explain why Cyprus is a great choice for digital nomads, what are the eligibility criteria and required documents for the visa, and how to apply for it.
Why choose Cyprus as a digital nomad place?
Cyprus is a beautiful island country in the eastern Mediterranean Sea, with a rich history, culture, and cuisine. It has a warm and sunny climate all year round, with an average temperature of 24°C. It also has stunning natural attractions, such as beaches, waterfalls, mountains, and national parks.
Cyprus is also a technology hub, with a thriving startup scene and a supportive ecosystem for innovation and entrepreneurship. It has a modern infrastructure, with fast and reliable internet access, public transportation, and health care services. It is also safe and stable, with a low crime rate and a friendly and hospitable population.
Cyprus is also attractive for its taxation system, which allows digital nomads to become tax residents within 60 days of arrival, if they stay in the country for more than 183 days per year. Cyprus has one of the lowest corporate tax rates in the EU (12.5%), as well as favorable tax treaties with many countries. It also has no inheritance tax, wealth tax, or capital gains tax on the sale of securities.
What is required to get the Digital Nomad Visa?
To qualify for the Cyprus digital nomad visa, you must fulfill the following requirements:
- You are a non-EU/EEA citizen.
- You work for an employer registered outside Cyprus or you have your own business or clients located outside Cyprus.
- You will work by using telecommunications technology.
- You have a monthly income of at least €3,500 (after the deduction of contributions and taxes).
- You have valid health insurance of at least €30,000 in coverage.
- You have a clear criminal record.
How easy can you get the Digital Nomad Visa?
To apply for the Cyprus digital nomad visa, you must follow these steps:
- Gather the required documents for the visa application. These include:
- Valid passport
- Two passport-sized photos
- Completed application form
- Proof of remote work (employment contract or business documents)
- Proof of income (bank statements and payslips)
- Letter of intent
- Proof of health insurance
- Address of accommodation
- Clear criminal record certificate
- Set an appointment at the nearest Cyprus embassy or consulate in your country of residence.
- Submit your application and pay the visa fee of €100.
- Wait for the decision on your application, which may take up to 30 days.
- If your application is approved, collect your visa from the embassy or consulate.
- Once you arrive in Cyprus, register at the Civil Registry and Migration Department in Nicosia and obtain a temporary residence permit.
Cost of living in Cyprus and major cities to stay and enjoy as a digital nomad
The cost of living in Cyprus is relatively low compared to other EU countries. According to Numbeo , the average monthly expenses for a single person (excluding rent) are €657. For a family of four, the average monthly expenses (excluding rent) are €2,316.
The rent prices vary depending on the location, size, and quality of the accommodation. According to Numbeo , the average monthly rent for a one-bedroom apartment in the city center is €468. For a three-bedroom apartment in the city center, the average monthly rent is €794.
Some of the major cities that digital nomads can choose to stay and enjoy in Cyprus are:
- Nicosia: The capital and largest city of Cyprus, Nicosia is a vibrant and cosmopolitan city with a rich cultural heritage. It has many museums, galleries, theaters, cafes, restaurants, and bars to explore. It also has a lively startup scene and coworking spaces for digital nomads.
- Limassol: The second-largest city and main port of Cyprus, Limassol is a coastal city with a beautiful promenade, sandy beaches, and a marina. It has a lively nightlife, with many clubs, pubs, and festivals. It also has a strong business and innovation sector, with many international companies and startups based there.
- Paphos: A coastal city in the southwest of Cyprus, Paphos is a UNESCO World Heritage Site, with many ancient monuments, archaeological sites, and mosaics. It has a mild climate, with sunny days and pleasant temperatures. It also has a relaxed and laid-back atmosphere, with many cafes, restaurants, and shops.
- Larnaca: A coastal city in the southeast of Cyprus, Larnaca is a popular tourist destination, with a long beach, a salt lake, and a palm-lined promenade. It has a rich history, with many churches, mosques, and castles. It also has a modern and cosmopolitan vibe, with many cultural events, festivals, and nightlife options.
Cyprus is a great place for digital nomads who want to enjoy the Mediterranean lifestyle, while working remotely and benefiting from the low taxes and high quality of life. If you are interested in applying for the Cyprus digital nomad visa, you can visit the official website of the Ministry of Interior of Cyprus for more information. You can also contact us at Hayah Resident for any assistance or guidance on your visa application process. We are here to help you make your dream of living in Cyprus a reality.