Cyprus Startup Visa For Non-EU Citizens

The Council of Ministers of the Republic of Cyprus approved the Cyprus Start Visa for non-EU citizens aiming at promoting investments in Cyprus in the fields of innovation and, research and development (R&D). Mr Constantinos Petrides, Undersecretary to the President, underlined that this scheme concerns individual investors and groups of investors who will be in a position to establish a startup in Cyprus. In addition, Mr Petrides mentioned that a total of two-year 150 licenses will be given to startups. The Cyprus Chamber of Commerce and Industry emphasised that the startup visa scheme gives incentives to non-EU entrepreneurs and investors to settle in Cyprus and develop their innovative ideas.