Fast-Track Business Activation

A Fast-Track Business Activation policy has been recently implemented by the Cyprus Government aiming to support companies wishing to set-up or further expand their operations in Cyprus.

Under this new policy, eligible companies can enjoy an accelerated procedure for the incorporation, as well as the registration with relevant public bodies required for the company's operations. In light of the recent revision of the policy for the employment of non-EU nationals, companies under the Fast-Track Business Activation shall be enabled to hire an increased number of staff in key positions, while at the same time the employees' family members can be granted Cyprus residence permits.

This mechanism is available to companies which have been already incorporated or wish to be established in Cyprus, as well as to branches and subsidiaries of foreign companies. These companies are required to have physical presence in Cyprus, including premises and staff. The company's