Start-Up Visa Scheme Revised

The Cyprus Deputy Ministry of Research, Innovation and Digital Policy, announced on 19 December 2024 that a revised star-up visa has been approved. This revision has as its primary strategic goals the enhancement of innovation and the development of the local entrepreneurship ecosystem. The Cyprus star-up scheme is now more effective, flexible and attractive, contributing to further establishing Cyprus as a start-up hub.

The Scheme enables owners and senior executives from third countries, either individually or as a group, to enter, reside, and work in Cyprus for the purpose of establishing a new start-up or transferring an existing one or its branch to Cyprus.

The key changes to the Scheme, which has already facilitated the operation of 21 start-ups in Cyprus, include the following: