Yellow Slip (EU Registration Certificate)
The Yellow Slip is a Registration Certificate issued to European Union citizens who intend to reside in Cyprus for more than 90 days. This document confirms the right to legally live, work, conduct business, and access public services within the Republic of Cyprus.
Who Can Apply for a Yellow Slip?
• Citizens of European Union member states.
• Self-employed individuals and entrepreneurs who are EU citizens.
• Employees of Cyprus-based companies who are EU citizens.
• Retirees and financially independent EU citizens.
• Family members of EU citizens, including spouses and children. Family members who are third-country nationals may obtain a separate residence permit in accordance with European legislation.
How We Can Help
OCM Real Consulting provides comprehensive assistance throughout the entire application process:
• Assessment of eligibility and legal requirements.
• Preparation and verification of all necessary documents.
• Arrangement of appointments with the Migration Department.
• Preparation of rental agreements and supporting documentation.
• Assistance and guidance during the application submission process.
• Consultations regarding residency, banking services, and further legalisation in Cyprus.
We manage the entire application process on your behalf, helping you obtain the required documentation efficiently, accurately, and without unnecessary complications.
Main Requirements
• Annual income from abroad of at least €24,000 for the main applicant. An additional 20% of the main applicant's income is required for a spouse and 15% for each dependent child.• Suitable accommodation in Cyprus.• Proof of financial self-sufficiency.• Valid medical insurance coverage.Required Documents
• Valid passport.• Proof of income from abroad.• Bank statements.• Rental agreement or property ownership documents.• Health insurance policy.• Criminal record certificate.• Family-related documents (if applicable).Processing Time
Approximately 2 to 6 months.Validity Period
One year, with the possibility of annual renewal.Requirements for Maintaining the Permit
To maintain residency status, applicants must:• Not remain outside Cyprus for more than 90 consecutive days.• Maintain valid health insurance coverage.• Continue to demonstrate sufficient financial resources.• Renew the permit before its expiry date.• Refrain from employment in Cyprus without the appropriate authorisation.Our Service Fee
From €1,300 + VAT Our comprehensive service includes:• Assistance with finding suitable rental accommodation.• Support with transferring funds from abroad to your Cyprus bank account.• Preparation and review of the complete application package.• Submission of documents to the Immigration Department.• Collection of the residence permit card.We provide end-to-end support, ensuring a smooth and efficient application process from initial consultation to the successful issuance of your residence permit.Employment Residence Permit in Cyprus
An Employment Residence Permit is available to foreign nationals who are officially employed by Cyprus-based companies.
This permit allows individuals to legally reside and work in the Republic of Cyprus based on a valid employment contract.
Main Requirements
• A valid employment contract with a Cyprus employer.
• Official employment in accordance with Cyprus labour and immigration regulations.
• Compliance with the requirements of the Cyprus Migration Department.
Required Documents
• Valid passport.
• Employment contract.
• Curriculum Vitae (CV).
• Educational qualifications and supporting certificates.
• Health insurance policy.
• Criminal record certificate.
Processing Time
Approximately 1 to 3 months.
Validity Period
The permit is generally issued for the duration of the employment contract and may be renewed subject to continued employment and compliance with immigration requirements.
How We Can Help
OCM Real Consulting provides comprehensive assistance throughout the entire process:
• Assessment of eligibility and employment requirements.
• Preparation and verification of application documents.
• Guidance on employer and employee compliance requirements.
• Submission of documents to the Migration Department.
• Assistance with obtaining the residence permit card.
• Ongoing support throughout the permit renewal process.
We provide professional end-to-end support, ensuring a smooth and efficient application process for both employers and employees.
Cyprus Citizenship through BCS Employment
Employees of companies operating under the Business Company Staff (BCS) framework may be eligible to apply for Cyprus citizenship through an accelerated naturalisation process.
Main Requirements:
Option 1 – Citizenship after 4 Years of Residence
Applicants must:
• Have legally resided in Cyprus for at least 4 years within the last 10 years.
• Have continuously resided in Cyprus during the 12 months immediately preceding the application.
• Hold a valid residence and work permit under the BCS scheme.
• Demonstrate Greek language proficiency at A2 level.
• Demonstrate knowledge of key aspects of Cyprus' modern political and social environment.
• Maintain a clean criminal record and good character.
Option 2 – Citizenship after 3 Years of Residence
The qualifying period may be reduced to 3 years if the applicant demonstrates Greek language proficiency at B1 level.
Who Can Benefit from This Programme?
• Directors of international companies.
• Senior managers and executives.
• IT professionals.
• Highly skilled employees working under the Business Facilitation Unit (BFU) framework.
Qualifying Period of Residence
The following periods of lawful residence are generally taken into account:
• Employment Permit (BCS).
• Work-related residence permits.
• Other eligible residence statuses recognised under Cyprus immigration legislation.
Greek Language Requirements
Applicants must obtain an official government-recognised language certificate.
• A2 level – eligibility for citizenship after 4 years.
• B1 level – eligibility for citizenship after 3 years.
Family Members
Following the acquisition of Cyprus citizenship by the main applicant:
• Minor children may generally acquire citizenship through registration.
• Spouses do not automatically obtain citizenship and must follow a separate application process.
Benefits of Cyprus Citizenship
• Passport of a European Union Member State.
• The right to live, work, and conduct business throughout the European Union.
• Visa-free or simplified travel to numerous countries worldwide.
• Full political rights as an EU citizen.
• The ability to pass citizenship on to future generations.
How We Can Help
OCM Real Consulting Ltd provides comprehensive assistance throughout the entire process:
• Assessment of eligibility.
• Calculation and verification of qualifying residence periods.
• Evaluation of eligibility for accelerated naturalisation.
• Preparation of the complete application package.
• Assistance with Greek language examinations.
• Submission of the application and ongoing support until a final decision is issued.
Our team provides end-to-end guidance, helping clients navigate every stage of the Cyprus citizenship process with confidence and clarity.
Accelerated naturalisation is not available to all foreign nationals. It is specifically designed for employees of companies operating under the Business Facilitation Unit (BFU) framework who meet the required residence, employment, and integration criteria established by the Republic of Cyprus.
Permanent Residency by Investment (Fast Track PR)
The Cyprus Fast Track Permanent Residency Programme allows non-EU nationals to obtain permanent residence in Cyprus through a qualifying investment in the country's economy.
The status extends to the main applicant and eligible family members.
Investment Requirements
The minimum investment amount is €300,000 + VAT.
Qualifying investments may include:
• New residential property.
• Commercial property.
• Shares in Cyprus companies.
• Cyprus investment funds.
Required Documents
• Valid passport.
• Property purchase agreement or investment documentation.
• Proof of investment payment.
• Bank statements.
• Evidence of income.
• Clean criminal record certificate.
Processing Time
Approximately 6 to 12 months.
Residency Status
Permanent Residence Permit with no renewal requirement.
Key Requirements for Maintaining Permanent Residency
1. Visit Cyprus at Least Once Every Two Years
Permanent residency may be revoked if the holder remains outside Cyprus for more than two consecutive years.
2. Maintain the Qualifying Investment
Applicants must continue to own the property or other approved investment on which the residency permit was granted.
3. Maintain Sufficient Income from Abroad
Applicants must demonstrate adequate and secure income from outside Cyprus. While annual submissions are generally not required after approval, the authorities may request supporting evidence during compliance reviews.
4. Employment Restrictions
Fast Track Permanent Residency is not a work permit.
Permit holders may:
• Receive dividends.
• Hold shares in companies.
• Receive income from abroad.
However, employment in Cyprus requires an appropriate immigration and work status.
5. Maintain Good Standing
Serious criminal offences may result in the cancellation of permanent residency status.
Compliance Reviews
The Immigration Department may periodically request evidence of:
• Continued ownership of the qualifying investment.
• Valid medical insurance.
• Proof of residential address.
• Evidence of income.
For this reason, we recommend retaining:
• Title deeds or the purchase agreement.
• Valid health insurance.
• Utility bills.
• Income-related documentation.
Our Service Fee
From €4,000 + VAT
Our comprehensive service includes:
• Assistance with property selection.
• Support with transferring funds from abroad to your Cyprus bank account.
• Preparation and review of the complete application package.
• Submission of documents to the Immigration Department.
• Collection of the Permanent Residence Permit card.
We also provide legal assistance with property acquisitions and transaction structuring as an additional service.
BCS (Business Company Staff) – Work and Residence Permit in Cyprus
The BCS (Business Company Staff) scheme allows employees of international companies registered in Cyprus to obtain the right to live and work in the Republic of Cyprus. This status is one of the most popular solutions for professionals, company executives, and their family members relocating to the island.
Benefits of BCS Status
• Legal residence in Cyprus.
• The right to work officially for a Cyprus-based company.
• The possibility to relocate family members.
• Access to banking services and public institutions.
• Potential tax advantages, subject to applicable requirements.
• An opportunity for long-term residence in Cyprus.
Who Is Eligible?
• Owners of international businesses establishing a company in Cyprus.
• Company directors and key personnel.
• IT professionals and employees of international companies.
• Family members relocating together with the main applicant.
How We Can Help
OCM Real Consulting Ltd provides comprehensive assistance throughout the entire process:
• Company registration in Cyprus.
• Preparation of the corporate structure and supporting documentation.
• Preparation of the application package for the Migration Department.
• Assistance in obtaining work and residence permits.
• Support with opening corporate and personal bank accounts.
• Assistance with renting or purchasing property.
• Ongoing support throughout the relocation process for employees and their families.
We provide end-to-end support, from company registration to securing work and residence permits in Cyprus for employees and their family members.
Property search and rental assistance Opening personal and corporate bank accounts with Cyprus banks Preparation and support of residence permit and permanent residency applications Submission of immigration applications to the relevant Cyprus authorities Registration with government departments and public services Medical insurance arrangements Assistance with utility connections, including electricity, water, and internet services Tax residency and Cyprus tax planning consultations Family relocation and settlement support Assistance with school and kindergarten selection Guidance on purchasing residential or investment property Consultations regarding employment, business setup, and business operations in Cyprus Personal support in Russian, English and Greek languages