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ARTICLE · 28 MAY 2019

Cyprus Innovation And Startups

In 2017 the Council of Ministers of the Cyprus Government adopted the policy on Innovative Startup Businesses aiming to attract the establishment of such businesses in Cyprus.

CyprusCorporate/Commercial Law
Vicky Petrides
Vicky Petrides

In 2017 the Council of Ministers of the Cyprus Government adopted the policy on Innovative Startup Businesses aiming to attract the establishment of such businesses in Cyprus. The policy applies to the founders of such businesses, to its managers and support staff.

The application period for the Scheme has been extended for two years. This revised Scheme is valid as from March 2019 to March 2021 and during this period up to 150 visas may be issued.

The Cyprus startup visa scheme allows talented entrepreneurs (non-EU nationals and non-EEA nationals), individually or in a team, to enter, reside and work in Cyprus in order to establish or operate or develop a startup with a high growth potential.

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