Cyprus Frequently Asked Questions
Quick, verified answers on travel, residency, driving, and daily life.
Residency & VisasHow much income and bank balance are required for a Cyprus Visitor Permit (Pink Slip)?
You must prove an ongoing foreign income of at least €24,000/year (€2,000/month) for the main applicant (+20% spouse, +15% per child) remitted into a Cyprus bank. An additional balance of around €10,000 plus a €550 bank guarantee per person is standard.
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TaxesWhich taxes are exempt for Non-Domicile tax residents in Cyprus?
Non-Dom residents are exempt from the Special Defence Contribution (SDC) for 17 years, resulting in 0% tax on worldwide dividends and 0% tax on passive interest. Employment salary remains subject to ordinary income tax.
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HousingHow much deposit does the EAC electricity authority require from foreign residents?
When transferring the electricity meter into a foreign tenant's name, the Electricity Authority of Cyprus (EAC) requires a refundable deposit between €350 and €500. It is refunded to your bank account upon lease termination.
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BankingCan you live comfortably in Cyprus using only Revolut or Wise?
Yes, Revolut and Wise with European IBANs cover 95% of daily needs including supermarkets, dining, and utility payments (EAC electricity, water, municipal fees) through the JCCsmart payment gateway. Local bank accounts are mainly required for certain residency visas or property purchases.
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TravelHow do you purchase tickets for Intercity Buses in Cyprus?
Tickets are bought directly from the driver upon boarding using cash (small bills or coins recommended). Single intercity trips cost €4–€5, and an all-day unlimited intercity pass is €9. Buses are air-conditioned and have luggage compartments.
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