Applying for a yellow slip

[WHL]

I wonder what will happen to some people we know, who have lived here for over 10 years, have never registered, have never been caught or booted out of Cyprus.

Got a feeling their in for a big shock

[Uncle D]

Yes, we have mentioned that the border control is now checking all passports, so I guess they are stuck here.

[WHL]

Yes, we have mentioned that the border control is now checking all passports, so I guess they are stuck here.

I dont think its a problem about being stuck here, If they get investigated the questions will be, have they worked here non payment of taxes ...Health care etc etc.

[josef k]

As a bit of background, you will be aware (those of you who bothered to get a MEU1) that it does not have an expiry date, and it states it is for EU citizens, as does the MEU3. My wife has a MEU2, which is issued to "Non-EU family members of an EU citizen". This has a 5 year expiry date. Once that expires, she can apply for a MEU3 with a 10 year expiry date.
However, once we are not EU citizens, these forms don't apply, so it could be they have to be exchanged for a pink slip (Category F for pensioners) like the Russians etc have. I'm not sure if they have an expiry date, but would expect they do. I note the charge for them is 500 euros, rather then the 20 EU citizens pay, but perhaps this will be waived in the case of exchange.

The bottom line is, we just don't know what will happen.

[mike strand2]

If the MEU3 provides evidence of Residency, does it also change your country of domicile? If it does, then if I change my MEU1 to a '3' I'll be paying 30% tax on my savings! No thank you!

I'm going to wait til this time next year to see how the UK & the EU have formalised our status before doing something I might regret.

[ApusApus]

I'm going to wait til this time next year to see how the UK & the EU have formalised our status before doing something I might regret.

That's the most sensible thing I've read on here for a while!


Shane

[Poppy]

See my earlier post Mike Strand. I am sure it does and that is why some did not apply earlier

[Lofos-Jan]

Non-domiciled status will expire after 17 years. This is the maximum length of time you are allowed to live in Cyprus for tax purposes and claim the exemption from defence tax.

Jeanne

[mike strand2]

Non-domiciled status will expire after 17 years. This is the maximum length of time you are allowed to live in Cyprus for tax purposes and claim the exemption from defence tax.

Jeanne

I thought it was 15 years, but do stand to be corrected. But the question I'd raised was that if I do obtain my MEU3, will that affect my UK domicile status that releives me of paying 30% defence tax on my savings, albeit they're now pretty minimal having just bought a new property?

[trevnhil]

Surely it is not 30% defense tax on savings... But on the Interest from savings

[ApusApus]

I thought it was 15 years, but do stand to be corrected. But the question I'd raised was that if I do obtain my MEU3, will that affect my UK domicile status that releives me of paying 30% defence tax on my savings, albeit they're now pretty minimal having just bought a new property?

As I understand it, the 30% defence tax is charged on the interest generated from savings. Not ideal I know but a lot better than it being charged on the capital amount!


Shane

[mike strand2]

Indeed, I should have been clearer; tax is on the interest.

[Jamboal]

Wow my past has generated a lot of interest, anyway as we're moving out in October and our earnings will be from UK investments so will be self sufficient in Cyprus hopefully this will allow us to remain after brexit as long as we have the appropriate documentation in place. Any thoughts?

Allan.

[galexinda]

I thought it was 15 years, but do stand to be corrected. But the question I'd raised was that if I do obtain my MEU3, will that affect my UK domicile status that releives me of paying 30% defence tax on my savings, albeit they're now pretty minimal having just bought a new property?

As I understand it, the 30% defence tax is charged on the interest generated from savings. Not ideal I know but a lot better than it being charged on the capital amount!

Shane

The next Brexit meeting is at Kamares on Wednesday and people are drawing up a list of questions so I'm sure domicile and the payment of defence tax as a result of a MEU3 application will be raised.

Another question is: How will people who are resident in the UK and own a property in Cyprus be affected by Brexit?

[ApusApus]

For Jamboal, to be clear!

Probably ............. possibly ............... who knows?

We don't know your personal circumstances like how old you are, what income your investments will produce, etc. so as I said who knows! You will need to apply for an MEU3 as soon as you arrive, you will need a bank account, you may need medical insurance depending on your age, you will need to show that you have sufficient income to support yourselves in Cyprus, you will need title deeds & a contract of sale if you own a property or a rental agreement if you don't, etc. etc.!


Shane

[ApusApus]

The next Brexit meeting is at Kamares on Wednesday and people are drawing up a list of questions so I'm sure domicile and the payment of defence tax as a result of a MEU3 application will be raised.

Another question is: How will people who are resident in the UK and own a property in Cyprus be affected by Brexit?

I can quite understand people will have all sorts of questions lined up, it's only natural but at the end of the day B****t hasn't happened yet & as it is still being negotiated nobody can give any definitive answers until these negotiations are concluded, it really doesn't matter how many meetings are arranged it's not going to change anything!

People will be moaning because they can't get the information they want but that's the way it is, get used to it!

Personally, and this is my own view, things will not change drastically from what we have now, as it will be disastrous for both sides if it does & I believe common sense will prevail in the end! Obviously, other people will have a different view .......


Shane

[trevnhil]

My view is the same. I cannot see any major changes happening..

[galexinda]

Agree with recent posts regarding waiting after Brexit to see what, if any changes, take place. I was in Cyprus when they joined the EU and it took months to sort out the car registration and years to sort out my residency as legislation kept changing whereas in recent years you can walk in to the relevant office with the required documents and walk out - job done!

However many of my friends are in a quandary as to whether to bring forward their plans to move to Cyprus (Europe) or to wait until after Brexit. To sell their property now or wait for a couple of years. It is only natural to raise questions.

[poolriver]

Agree with recent posts regarding waiting after Brexit to see what, if any changes, take place. I was in Cyprus when they joined the EU and it took months to sort out the car registration and years to sort out my residency as legislation kept changing whereas in recent years you can walk in to the relevant office with the required documents and walk out - job done!

However many of my friends are in a quandary as to whether to bring forward their plans to move to Cyprus (Europe) or to wait until after Brexit. To sell their property now or wait for a couple of years. It is only natural to raise questions.

Just don't buy here rent.

Jim.

[Lofos-Jan]

For info, this is the application form to claim nom-dom status http://www.mof.gov.cy/mof/TaxDep.nsf/Al ... penElement

Jeanne