Following Cabinet approval on December 18, 2024, Cyprus has made changes to its Startup Visa program. The changes came into effect January 205.

The government has adjusted several core requirements:

• Residence permits are now extended from two to three years

• Extension periods are extended from one to two years

• Equity requirements drop from 50% to 25%

• Foreign worker allowances increase from 30% to 50%

• Companies investing €150,000 or more can hire additional foreign staff

Entrepreneurs who want to extend their visa after three years must now meet one of these benchmarks:

• Generate 15% revenue growth

• Attract €150,000 in investment

• Create three new jobs in Cyprus

• Participate in local innovation support programs

• Launch at least one product or service

Deputy Minister for Research, Innovation and Digital Policy Nicodemos Damianou notes that “the revised plan allows for more flexibility and offers the opportunity to attract startups at all stages of their development.”

He revealed that the government has so far approved 21 startups under the program.

The program requires all employees to have basic digital skills. Non-EU startup owners and senior managers can enter, live and work in Cyprus while setting up new businesses or relocating existing operations.

The changes aim to support companies at different stages of development, from young companies to established businesses.

We help you with the Application with our Team

+382 69 150 130   Montenegro
+66 99091 8357    Worldwide WhatsApp/Viber/Signal/LINE

Email: [email protected]

 

---

 

Are you worried about your financial future and the security of your family in an uncertain world? Do you want to protect your family and ensure that your children grow up in a safe environment, away from war zones and the risk of conscription?
We offer comprehensive solutions for your individual needs. From tax optimization to asset protection to planning your emigration – together we will find the best path for you.
Topics such as tax-friendly countries, residence permits, citizenships and company formation are our specialties.

We help you with the Application with our Team
Headquarter:
Department GCI – Unit Global Citizenship Investment (GCI worldwide)
by TCME Worldwide Group – Global Investments –
Kuala Lumpur 50450, Malaysia
www.tcme.company

+382 69 150 130 Montenegro
+66 99091 8357 Worldwide WhatsApp/Viber/Signal/LINE

Email: [email protected]

Don’t miss any more updates and follow the GCI UNIT Channel: https://t.me/passport_news

YOUR CHANCE FOR A BETTER LIVE
– Citizenship & Resident, Business Investments Solutions –
GCI firm is a professional International Business Investment and Advisory Firm for Foreign Economic Relations.