É«»¨ÌÃ

Menu
É«»¨ÌÃ
Search
Magazine
Search

Pink Slip and Money

Gordon76

Great stuff posted


What about the non-Government monthly pension earnings of a civil partner ?


Can they be added to the person applying for a pink slip visa ?

Gordon76

Hi everybody




My 'civil partner' and myself are looking at the pink slip process and like what we read here thus far




We hope to start the process within the next 12 months




Can my civil partner's monthly pension earnings -- (which are not from a UK Government pension as she worked in a UK Bank)  be added to my own monthly earnings which are UK Full Government Pension plus a British Rail pension -- so as to hit the 28,400 Euros threshold ?




Plus is this 28,400 Euros threshold set to go up ?




thanks




Gordon ,

MacGeorge8035

@Gordon76

Here is our experience of income requirements when applying for a Pink slip over the last 3 years. If you have a civil partner, I understand you need additional documentation for the immigration process.


On our first application in 2022, we were told we needed at least €30,000 in our Cypriot bank on the day of our appointment with the appropriate bank statements in joint names showing that amount. When we renewed in 2023 and 2024 we needed to show an income from our pensions coming into our Cypriot bank every month during the preceding 12 months that amount needed to exceed €2400 per month. In addition to the above income coming into the bank, we needed to show a balance of at least €12000 on the day of renewal.


The income that we have coming into Cyprus is a mixture of state pensions, private pensions and UK Government pensions (Army and Local Government). The main difference is that our UK Government Pension are taxed in the UK and not in Cyprus. Fortunately, neither of our Government Pension exceeds our UK Tax allowance so we pay no UK tax.  Additionally, all our other pension income does not exceed the Generous Cypriot Tax Allowance we do not pay any Tax in Cyprus either.


A couple of points, when we applied we found getting the bank account more challenging than getting the Pink Slip. Once we had been here 6 months getting our driving licences changed was a challenge (it took 2 years in the end). Registering our S1 and getting on Gesy was straightforward. If you are bringing furniture, vehicles etc then dealing with customs and the Dept of Transport can be frustrating. I recently applied for a blue badge as I have a disability the process was easy and only took a few weeks.


As we both have UK State Pensions we are entitled to an S1 which once it has been registered you can benefit from Gesy.


I would be aware that the income requirements can change and are likely to do so as they appear to be under constant review. They can also be subject to the whim of the person in immigration on any given date. For example, the rules state you need 3 months cash in your bank for a couple at renewal which means 3 x €2400 = €7200. Yet on our renewal in 2023 and 2024, we were advised to have at least €12000 in the bank.


I will reiterate this has been our experience as a couple and other's experiences may differ.


Hope this helps

Gordon76

A few questions here: and please correct any statements where I might have made a boo boo


I want to become a Cyprus tax resident and I want to achieve Non Domiciled Status --- as 17 years of same will suffice.


Whilst the pink slip visa option looks attractive and doable in the next 12 months , there are some questions I have about Non Domicile status which seems to be one to try to keep when moving to Cyprus.


I have read about the term " domicile by choice"


See page 6 ,  6 and more


So I wonder if there is a mechanism whereby a MEU3 application perhaps after buying a property could be construed to be an action by a person that could change their non domicile status to domicile status by

" domicile of choice" under Cyprus Wills and Succession Law ?


Further I note that the application process is defined as being for " Permanent Residence"


Yellow Slip MEU3 for Permanent Residence


Eligibility: Available to EU citizens and their family members after living in Cyprus for 5 years.

Application Process: Applications are submitted locally but are forwarded and processed by the CRMD in Nicosia.

Processing Time: The application will be processed in 6-7 months, after which it will be mailed to the applicant.

Validity: Valid indefinitely, although absences over six months within a year may affect the status. Exceptions include military service and absences of up to 12 consecutive months for significant reasons such as pregnancy, serious illness, study, or vocational training. Absence exceeding two consecutive years may result in the loss of permanent residence rights.




So could obtaining a yellow slip MEU3 by someone be used as a way of becoming a " domicile by choice"


Thus then having to pay Cyprus taxes


thanks


Gordon76