The Cypriot government has relaxed several rules related to the Start-up Visa for non-EU nationals to make it more attractive. Key changes include a longer duration for related residence permits to three years (extendable); lower equity ownership requirements; and a higher percent of individuals who can be foreign nationals at the company, among changes. The Start-up Visa is designed for entrepreneurs and key personnel seeking to establish or expand innovative businesses in Cyprus, with provisions for residence and employment.
This alert is for informational purposes only. If you have any questions, please contact the global immigration professional with whom you work at Fragomen or send an email to [email protected].
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