British Overseas Territories is the only overseas territory that is part of the European Union (EU), although it is not part of the European Customs Union, the European Tax Policy, the European Statistics Zone or the Common Agriculture Policy. Gibraltar is not a member of the European Union in its own right. The Sovereign Base Areas in Cyprus are not part of the European Union, but they are the only British overseas territory to use the euro as official currency. None of the other Overseas Territories are members of the EU, the main body of EU law does not apply and, although certain
British National (Overseas) Kingdom on a working holiday visa under the Tier 5 Youth Mobility Scheme (YMS). They do not face an annual quota or require a government or employer as their sponsor in order to take part in the Scheme. Any BN(O) applicants with funds of £1,890 or more and aged 18–30 are eligible to apply. Working holiday visa (also known as "entry clearance") holders are free to perform employment activities (with certain restrictions) in the United Kingdom for up to two years. This privilege is shared by British Overseas citizens and British Overseas Territories citizens, although all BOTCs became full British