STRATEGIC ACCESS TO EUROPE & MEDITERRANEAN LIFESTYLE
Cyprus Financially Independent Person visa
Cyprus offers a welcoming and efficient residency pathway for financially self-sufficient individuals seeking peace, safety, and sunshine at the heart of the Mediterranean. The Cyprus Financially Independent Person (FIP) Visa allows non-EU nationals to legally reside in the country without employment or business activity, provided they can demonstrate sufficient passive income.
This visa is ideal for retirees and individuals with stable finances looking to enjoy Cyprus’ relaxed lifestyle, tax advantages, and high-quality infrastructure. While it does not grant a direct route to citizenship, long-term residents may apply for naturalisation after seven years of lawful stay in the country.
With the FIP Visa, applicants can enjoy long-term residence in one of Europe’s most tranquil destinations without making any financial investment. There is no requirement to purchase real estate—only to secure suitable accommodation via ownership or a rental agreement.
Applicants must demonstrate stable income from pensions, dividends, rental yields, or personal savings. A modest deposit in a Cypriot bank further supports financial credibility. This visa extends to family members and offers a path to citizenship for those who maintain uninterrupted legal residence.
At Coates Global, our expert advisors streamline the entire process, from eligibility assessment to residence permit issuance—making your move to Cyprus seamless and stress-free.
Cyprus Residency is extended to spouses and dependent children, ensuring long-term peace of mind for families seeking a safe European base and high-quality lifestyle.
Key Features of the Programme
— Long-term residency without the need to work or invest
— Passive income-based visa: no real estate purchase required
— Visa includes spouse and dependent children
— Minimum annual income from €9,568
— Access to world-class private healthcare and education
— Low tax jurisdiction for non-domiciled residents
— Eligibility for citizenship after 7 years of residency
— Positioned for future Schengen access
Eligibility & Financial Requirements
To qualify for the Cyprus Financially Independent Person (FIP) Visa, applicants must demonstrate they can support themselves and their family without working or relying on state aid. There is no investment requirement, but financial and legal eligibility must be clearly met.
Minimum Financial Requirements
Applicants must prove access to stable passive income generated outside Cyprus:
- Primary Applicant: Minimum €9,568 per year
- Spouse: Additional €4,613 annually
- Per Dependent Child: €2,307 annually
Income must derive from pensions, dividends, rental income, or personal savings, and must be supported by official documentation (e.g. pension statements, bank records, dividend certificates).
Additional Financial Support
- A bank deposit of approximately €15,000–€20,000 in a Cypriot bank account is typically required
- This deposit is not pledged and may be used after the visa is granted
Accommodation Requirement
Applicants must maintain long-term accommodation in Cyprus through:
- Property purchase; OR
- long-term rental agreement
Proof of housing is mandatory before visa approval.
Health Insurance
Comprehensive private health insurance is required for the applicant and all dependents. Coverage must be valid throughout Cyprus.
Other Requirements
- Clean Criminal Record: Applicants must present police clearance from their country of residence.
- No Employment Allowed: Applicants cannot engage in any professional activity or salaried work in Cyprus.
From eligibility to final submission, our team provides clear guidance, timeline tracking, and support tailored to your family’s specific needs.
Step-by-Step Application Process
- Step 1: Initial Consultation & Eligibility Review
Coates Global conducts a detailed review of your financial background and prepares a tailored application strategy based on your family profile and passive income sources. - Step 2: Document Preparation & Legal Drafting
Our legal team prepares all necessary documents including proof of income, housing contracts, police certificates, and medical insurance. Translation and notarisation are included. - Step 3: Application Submission
Your application is submitted to the Civil Registry and Migration Department in Cyprus. A bank deposit and accommodation documentation must be in place before submission. - Step 4: Approval & Residence Permit Issuance
Once approved, you and your family receive residence permits, allowing you to legally reside in Cyprus without employment restrictions. - Step 5: Ongoing Compliance & Long-Term Benefits
Coates Global will assist you with future renewals and any steps toward long-term residency or naturalisation after seven years.
Frequently Asked Questions
The Cyprus FIP Visa is a residency programme for non-EU nationals who can demonstrate sufficient passive income to support themselves without employment in Cyprus. It offers a pathway to long-term residency with minimal physical stay requirements.
Applicants must have a minimum passive income of €9,568 per year from pensions, rental income, dividends, savings, or similar sources. For a spouse, an additional €4,613 per year is required, and for each dependent child, an additional €2,307 per year.
No, employment in Cyprus is strictly prohibited under this visa. However, applicants can own property, invest, or run a business without actively working in it.
Processing times vary, but on average, it takes between 6 to 12 months from application submission to approval, depending on the authorities’ workload and biometric appointment availability.
Yes, you can include your spouse and dependent children. They must meet the additional financial requirements, and each dependent will receive a residence permit.
No, but you cannot be absent from Cyprus for more than two consecutive years, or your residency status may be revoked.
Yes. After 5 years of uninterrupted legal residence, you may apply for permanent residency. After 7 years, you may qualify for citizenship by naturalisation, provided you have spent the majority of your time in Cyprus.
Cyprus is expected to join the Schengen Zone in 2026, meaning FIP visa holders may gain visa-free access to the Schengen Area once the country’s accession is complete.
Contact Us today, and our experts will provide you with personalized guidance and full support throughout your Cyprus Financially Independent Person Visa application.
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Every time a client receives their residency or citizenship approval, we’re reminded why this work matters. It's not just paperwork — it’s about transforming lives and creating new legacies.
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