Cyprus offers various types of residency and two ways to gain citizenship, of which the criteria compared to most European countries is very simple and straight forward. With the recent global economic issues the Cypriot Government has recently lowered the criteria even further, so there really couldn’t be a better time to make the move and become a resident of Cyprus either as a temporary resident or a full-fledged citizen.

1. Immigration
to Cyprus

2. CONTENT
1. СOMPANY PROFILE
2. IMMIGRATION
3. RESIDENCE PERMITS
- YELLOW SLIP
- PINK SLIP
- PERMITS FOR THE SPOUSE/RELATIVES OF
CYPRUS CITIZENS
- LONG TERM RESIDENCY
- PERMANENT RESIDENCE - CATEGORY F
- PERMANENT RESIDENCE - CATEGORY E
- CYPRUS COMPANIES WITH FOREIGN
INTERESTS
- NATURALIZATION BY EXCEPTION OF
INVESTORS IN CYPRUS
4. IMMIGRATION LAW
5. WHY OLIESERVE
6. CONTACTS
ANNEX 1 - ARTICLES ON IMMIGRATION
ANNEX 2 - IMMIGRATION QUESTIONNAIRE
ANNEX 3 - FREQUENTLY ASKED QUESTIONS
ANNEX 4 - IMMIGRATION BROCHURE

3. 1
COMPANY PROFILE
OLIESERVE is a brand name for a group of
businesses specializing in providing consulting
services in the areas of :
Immigration
Legal Services
BusinessAdministration

4. 2
IMMIGRATION
Cyprus offers various types of residency and two ways to gain
citizenship, of which the criteria compared to most European
countries is very simple and straight forward. With the recent
global economic issues the Cypriot Government has recently
lowered the criteria even further, so there really couldn’t be a
better time to make the move and become a resident of Cyprus
either as a temporary resident or a full-fledged citizen.
We at OLIESERVE are here to make it even easier. We have a
dedicated immigration department to guide you through the
entire process from start to finish. We will deal for the most part
with all the governmental meetings and paperwork asking you to
attend only when essential.
Our aim is to make the process as smooth and simple as
possible. We also have a legal team to help with any matters
that may arise before, during and even after your transition to
becoming a resident here on the beautiful island of Cyprus.

5. 3
RESIDENCE PERMITS
Registration of EU Citizens
YELLOW SLIP
When an EU citizen arrives in Cyprus and plans to stay for more
than 3 months, they are required by law to register at the
Immigration Department of the town they are residing. The
registration is done purely for statistical purposes.
The applicant needs to have a secured paid job in Cyprus, be
self-employed, be a student or have identifiable means of living
the country without working.
Description of Successful Applicant – who should apply?
- EU Citizens including their close family members / dependents
who are also EU citizens
- Non EU Citizen who is married with an EU citizen
How long does it take to be issued?
The yellow slip can be issued within a couple of days from the
date of application for an EU citizen and approximately 3
months for the spouse of the EU citizen.

6. 4
RESIDENCE PERMITS
Temporary Residence Permit
PINK SLIP
Temporary Residence Permits or “Pink Slips” as they are
unofficially called are the perfect solution for the persons who
want to extend their stay in Cyprus for more than 3 months (90
days). This type of residence permit is valid for 1 year and can be
renewed on an annual basis. Under this permit, it is possible for a
person to live in Cyprus on a temporary basis and also bring
his/her close family members to live with him/her.
In order to be eligible for this type of permit, the applicant will
firstly need to show that he/she has adequate income from
abroad to cover his/hers living expenses whilst staying in the
country without the need to find employment. Secondly, the
applicant will need to have appropriate accommodation. It is
possible for non EU nationals to either rent or own property in the
country.
It is important to note that if the holder of a Temporary Residence
Permit stays outside the country for a period of more than 2
months, the permit is automatically cancelled and the permit
holder will need to apply again.

7. 5
RESIDENCE PERMITS
Permits for the spouse/relatives
of CY Citizens
If a Cyprus citizen is married to a third country national, the
spouse is required to apply for a Pink Slip in order to be able to
live in Cyprus legally. This permit type is also applicable for the
parents of a CY citizen, if they are third country national and for
the underage children of their spouse from a prior marriage.
If the relatives of a CY citizen are abroad and wish to come and
stay in Cyprus, they need to apply for a family reunification first
in order to be allowed to enter the country and when they have
arrived; they will need to apply for a Pink Slip.

8. 6
RESIDENCE PERMITS
Long Term Residency
Long Term Residency (LTR) is a type of long permit that allows its
holder to live in Cyprus for a period of 5 years without the need to
renew their visa. In order for a third country national to be eligible to
apply for the LTR permit, the potential applicant is required to be living
in Cyprus the last 5 years prior to the application and must not have
exited the country at all during these years. Moreover, the applicant
must be a holder of a legal and valid residential permit that will not be
expiring for the next 12 months from the application date.
Description of the successful candidate / who should apply:
- An employee who is a third country national and is employed in a
Cyprus company with foreign interests
- A third country national who is self – employed (sole shareholder and
employee at a Cyprus company)
Validity of the permit:
The Long Term Residence Permit is valid for 5 years and at the end of 5
years, it needs to be renewed.
How long does it take to get the permit?
It takes approximately 1 year for the officials and the board to review an
application. Please note that this permit is very difficult to be obtained
and there are no guarantees that the application will be successful.

9. 7
RESIDENCE PERMITS
Permanent residence
Category F
Category F is a type of permanent residence for Cyprus. It gives the right
to its holder to live in Cyprus on a permanent basis but does not allow the
holders to work. The permanent residence permit is applicable only to third
country nationals.
Description of the successful candidate / who should apply:
- Persons who wish to relocate to Cyprus with their families or on their
own
- Business people who wish to relocate with their families and also invest i
the country
- Persons who wish to live in the country on a long term basis and avoid
the hassle of renewing their visa
- Senior people who have retired and wish to relocate to Cyprus
- People who wish to relocate to Cyprus and intend to apply for citizenship
Validity of the permit:
Once the permit has been granted, its holders are allowed to live in Cyprus
for life. Renewal is needed only once after 5 years.
How long does it take to get the permit?
If the fast track option is followed, the permit will be granted within 2 months
from the date of application. If the standard procedure is followed, then the
permit will be granted within 6 – 8 months from the date of application.
If the older stays out of Cyprus for 2 years, then the permit is immediately
cancelled.

10. 8
RESIDENCE PERMITS
Permanent residence
Category E
Category E is a type of permanent residence in the territory of
Cyprus with the right to its holders to work in a declared company
(shareholder must be a non-resident of Cyprus).
Description of the successful candidate / who should apply:
- A direct business owner in Cyprus / potential employer for local
population
- A manager should be a highly skilled worker in a foreign
company in Cyprus who is not representing the real competition
for local unemployed population (having a highly skilled, unique
experience and value to the Employer that needs to be proved)
Validity of the permit:
This category is issued once only for a period of which the
applicant intends to be employed in a company (does not need to
be renewed every 1-2 years and go through the entire procedure
again, as in the case of a work permit).

11. 9
RESIDENCE PERMITS
CY Companies with
Foreign Interests
Cyprus Registered companies that have foreign shareholders [corporate
or individuals (third country nationals only)] and wish to trade in Cyprus and
employ third country nationals are required to register their companies in
immigration, in the department of offshore companies (BCS).
Description of Successful Applicant – who should apply?
- Foreign companies that wish to open a branch in Cyprus and proceed in
actively trade in the country
- Companies from the following industry sectors: marine services, financial
services, stock market trading (approval from the CYSEC is needed for
these companies to operate in CY), trading companies
- Business men who are holders of Category E and F long term residency
permits. For the holders of these 2 types of long term residency permits
- A holder of Category F permit has the right to be a shareholder in a
Cyprus registered company but not be employed or take part in the daily
running of the company

12. 10
RESIDENCE PERMITS
CY Companies with
Foreign Interests
Duration of permit:
A company is allowed to be registered in the BCS Department as
long as it is employing third country nationals and the
shareholders of the company are foreign. Provided these criteria
are maintained, the company has the right to be registered in
BCS Department for as long as these criteria are met. Please
note that the registered company will need to renew its
registration at the department on an annual basis.
The company employees that apply for a permit together with
the registration of the company at BCS Department are given a
work permit for 1 year only. When their permit expires and they
will continue to be employed with the company, the duration of
their permit will be based on the duration of their employment –
for example if their contract is for 2 years, then the work permit
will be valid for 2 years.

13. 11
RESIDENCE PERMITS
Naturalization by exception of
investors in Cyprus
Legal Framework Applicable
Subsection (2) of Section 111A provides that the Council of
Ministers may, under any conditions it determines as
appropriate, to allow the Naturalization of foreign entrepreneurs.
The aforementioned Decision of the Council of Ministers
provides for the grant of the Cypriot citizenship to the spouse as
well as the financially dependent adult children (eighteen years
old or above) of the investor. Neither the spouse nor the children
are obliged to meet any financial criteria.
Profile of a successful applicant
- A non-Cypriot citizen, who meets at least one pre-determined
economic criteria, either personally or through a company/
companies in which he/ she participates as a shareholder
(proportionally based on the percentage of participation) or even
as a high-ranking senior manager of a company/ companies that
meets one of the economic criteria; The investment made must
have a total value of €5 million.

14. RESIDENCE PERMITS
12
Naturalization by exception of
investors in Cyprus
Profile of a successful applicant
- A high-ranking senior manager may apply, provided that
he/she receives such a remuneration that generates for the
Cyprus Republic tax revenue of at least €100,000 for a three
year period, provided that this tax has already been paid or
prepaid;
- The applicant should have concluded the necessary
investments at any time during the three years preceding the
date of the application and must retain the said investments
for a period of at least three years since the date of the
Naturalization;
- The applicant must own residential property of a minimum
value of EUR 500,000 + VAT.

15. 13
IMMIGRATION LAW
B. The law that currently
governs the issue of
immigration in relation to third-
country citizens is the Aliens
and Immigration Law (CAP
105) and complimenting
legislation.
A. For EU Citizens: Following
the islands’ accession in the
European Union, Cyprus has
adopted Directive 2004/38/EC
of 29 April 2004 that provides
for the freedom of movements
for European Union citizens
and their family members
throughout territories of the
Member States, through Law
7(I) of 2007.
What is the main legislation?
Cyprus has graciously managed to grow, develop and evolve economically
and politically. On the 1st of May, 2004 Cyprus acceded in
the European Union, and today it has managed to fully develop
a legal framework for immigration that is fully harmonised
with the law of the European Union.

16. 14
WHY OLIESERVE
We speak from PERSONAL EXPERIENCE. Many
of our staff has been through the process
themselves.
We know the FACTS. We treat each case
individually and tell you exactly what you need, not
what somebody else may or may not have done.
We know the PROCESS and guide you through it.
Step by step we will guide you through the entire
process keeping you constantly updated.
We have competitive PRICES. We are not here to
rip you off we are here to help you succeed.
We assist in fulfilling the REQUIREMENTS.
Because it may not always be a straight road we
can assist with any detours.

17. 15
CONTACTS
FEEL FREE TO CONTACT US ANYTIME
SHOULD YOU HAVE ANY QUESTION.
EMAIL: HELLO@OLIESERVE.COM
TEL: +357 25 31 61 19
SKYPE: OLIE.SERVE1
WEB: WWW.OLIESERVE.COM
THANK
YOU