Introduction
Companies of foreign interest, including former offshore
companies and Cyprus shipping companies are entitled to employ
third party nationals under specific circumstances. Such foreign
nationals are also allowed family reunification which means that
their eligible family members will be allowed to reside in Cyprus.
Interested employers and employees should obtain relevant licence
from the Civil Registry and Migration Department (CRMD).
Eligible Companies
The Company must be a private company, owned by a majority of
third party nationals having invested in the share capital of the
Company an amount of at least Euro171.000.
In the event that the percentage of foreign participation is
less or equal of 50% of the share capital of the company, a company
may still be eligible, provided that the foreign shareholder(s) has
invested into the Company's share capital, an amount of at
least Euro171.000.
