Cyprus Startup Visa

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Cyprus
About
Requirements
Cost of Living
Expats
Talent Migration

About

The "Cyprus Startup Visa" allows talented entrepreneurs from third countries non-EU/EEA individuals or in a team, to enter, reside and work in Cyprus in order to establish / operate / develop a startup with a high growth potential. The Scheme’s goal is the creation of new jobs, the promotion of innovation and research, the development of the business ecosystem and consequently the economic development of the country.


To be eligible for this visa Non-EU country nationals who:

  • Is the only founder and meets the requirements of the enterprise.

  • Has access to €50.000, which may include venture capital funding, crowdfunding or other sources of funding.

  • Holds an undergraduate degree or an equivalent professional qualification.

  • Has very good knowledge of the Greek and / or English language.


Application procedure:


Step 1: Submit an application form for the establishment / operation / development of a startup with a high growth potential


Step 2: Evaluation of the Application for the establishment / operation / development of a startup with a high growth potential


Step 3: Submit an Application and Entry in the Republic of Cyprus


Step 4: Submit an Application for Work and Residence permit


Step 5: Submit an Application for the Renewal of a Residence Permit in Republic


You can bring wife and kids along

The normal processing time of visa is 6-12 Weeks


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DURATION

12 months

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CITIZENSHIP

120 Month(s)

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FEES

170 approx.

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P. RESIDENCY

60 Month(s)

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COMPLEXITY

Low

Eligibility Requirements for the Cyprus Startup Visa

5 Eligibility Requirements

  • Applicant must be a non EU/EEA national.
  • Applicant must be only founder and meets the requirements.
  • Applicant must have access to €50.000, which may include venture capital funding, crowdfunding or other sources of funding.
  • Applicant must hold an undergraduate degree or an equivalent professional qualification.
  • Applicant must have very good knowledge of the Greek and/or English language.

Document Requirements for the Cyprus Startup Visa

7 Document Required

  • The application must be accompanied by a Business Plan indicating, inter alia, all the office locations the enterprise is planning to operate in Cyprus and how many employees the enterprise will recruit.
  • Submit a short CV along with application.
  • An undergraduate degree or an equivalent professional title must be attached with application, duly translated and certified.
  • Proof of a very good knowledge of Greek or English language.
  • A copy of a valid passport or other travel document of the applicant, with a validity covering at least 2 years before the date of application.
  • Bank account statements providing that the applicant has access to €50.000.
  • Copies recent audited accounts, in the case of an existing enterprise.

Talent Migration data for Cyprus

Talent gain & drain map of 2015-2019 data. Sourced from World Bank Digital Development Data.

Disclaimer: Visadb.io is a FREE visa database and Immigration Expert Marketplace. The information displayed in this page is not legal advice. Please speak to an Expert before applying.

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