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ARTICLE · 09 MARCH 2021

Cyprus Startup Visa

ASC Law Firm
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On the 17th of February 2017, the House of Parliament has approved the so-called Start-Up Visa 2017-2019, for third country nationals.

CyprusCorporate/Commercial Law
ASC Law Firm
ASC Law Firm
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On the 17th of February 2017, the House of Parliament has approved the so-called Start-Up Visa 2017-2019, for third country nationals. The scheme aims to attract third country nationals, who wish to reside and work in Cyprus in order to establish / develop / operate an innovative business in the Republic with high growth potential.

The application period for the scheme has been extended for a period of two years, 2019-2021 and will now be further extended for the years 2021-2023.

The scheme allows for two type of investors;

  • individuals and
  • groups (or team) of investors

The procedural requirements that need to be followed and the criteria to be met by both businesses, founders and employees, who can apply either as individuals (Individual Scheme) or as a group (Team Scheme) are set below:

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