In a world increasingly shaped by remote work, Cyprus is carving out a name for itself as a top destination for digital nomads. With sunny weather, a low cost of living, and EU perks, it’s easy to see why more and more professionals are packing their laptops and heading to the Mediterranean.
What’s the Digital Nomad Visa?
Launched a few years ago, Cyprus’ Digital Nomad Visa allows non-EU citizens to live on the island while working remotely for companies abroad. The goal? To bring in talent, ideas, and income — and it seems to be working.
Since the program began, 518 digital nomads have received residence permits, along with 389 family members. While interest spiked in 2022 and 2023, with hundreds of applications each year, 2024 saw a dip. Still, over 300 nomads have already applied to renew their stay, a clear sign of satisfaction.
Who’s Coming?
Cyprus is especially popular with Russians, who lead with 687 applications — followed by Israelis, Brits, Belarusians, and Ukrainians. The same trend is seen in family permits, indicating a growing community.
What’s the Economic Impact?
Big. According to Ernst & Young and Nomad List, each nomad spends between €1,600 and €2,200 per month on rent, services, and leisure. The total annual contribution to the economy is over €10 million — and that’s just the direct spending.
Indirectly, nomads support local SMEs, coworking spaces, wellness centers, tech services, and even real estate. A large majority (74%) are freelancers or self-employed, often building networks and collaborating with local businesses.
But There’s a Catch…
With opportunity comes pressure. The influx of nomads is driving up rent prices — in Limassol and Paphos, rents have surged 18–22% in the last two years, creating challenges for locals, especially students and young families.
There are also gaps in infrastructure, including public transport, healthcare access, and digital services. And while Cyprus ranks high for safety, lifestyle, and affordability, it falls behind other remote work destinations like Portugal and Estonia in processing speed, online services, and international promotion.
What’s Next?
Experts say Cyprus needs a repositioning strategy to stay competitive. Proposals include:
- Raising the annual visa cap (currently limited to 500)
- Simplifying application processes
- Creating “Digital Nomad Zones” with housing and services
- Launching a “Work From Cyprus” portal with key info, support, and relocation guides
- Promoting Cyprus internationally as not just a tourist island — but a European hub for innovation and digital talent
According to Andreas Alexis of the Cyprus Chamber of Commerce (ΚΕΒΕ), “Cyprus can’t afford to passively ride the wave of remote work. It must lead it.”
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