15
Apr2022
Digital nomads

Cyprus Digital Nomads Visa Scheme

The “Cyprus Digital Nomad Visa Scheme” is part of the Government’s new plan, established on the 1st of January 2022, which aims to attract foreign businesses to establish their activities in Cyprus or even to expand them.

This scheme allows nationals of non-EU and non-EEA countries to temporarily reside in Cyprus to provide digital services for Companies / Clients outside of Cyprus, either by working – remotely – individually as self-employed or for an employer registered abroad using telecommunications technology.

Who is eligible to apply:

  1. Non-EU and non-EEA nationals who can work from home using telecoms technologies;
  2. Individuals who are employed by a firm registered in another country for which they may work remotely, or self-employed who can provide services remotely to clients in other countries;
  3. Professionals who may be able to demonstrate that they have a monthly net income of at least €3.500, after deduction of contributions and taxes.

Benefits for those who grant the residence permit:

  1. One-year permit to reside in Cyprus, with the option of renewal for a period of another two years. Note: Family members can also apply and obtain a residence permit.
  2. Applicants are considered as tax residences of Cyprus in case they exceed 183 days of residence in Cyprus, provided that they are not tax residences in another country.

For more information do not hesitate to contact us at: info@landaslaw.com

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