Cyprus Startup Visa for Non-EU Nationals

What are the main aims and objectives?

The Scheme’s goal is the creation of new jobs, the promotion of innovation and research, the development of the business ecosystem and consequently the economic development of the country. The introduction of the "Cyprus Startup Visa" is part of the Policy Statement on Strengthening the Entrepreneurial Ecosystem.

How does the program work?

The "Cyprus Startup Visa" programme/ scheme allows talented entrepreneurs from countries outside the European Union (EU) and the European Economic Area (EEA), individuals or in a team, to enter, reside and work in Cyprus in order to establish / operate / develop a startup with a high growth potential, provided that they meet certain criteria including access to €50,000, innovative enterprise, and the enterprise’s head offices and tax domicile be established in Cyprus. 

Timeline

The programme/scheme will operate on a pilot basis for two (2) years from February 2017 to February 2019. During this two year period 150 visas will be issued. 

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