Business Facilitation Unit

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sumaiyakhatun26
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Joined: Sun Dec 22, 2024 10:26 am

Business Facilitation Unit

Post by sumaiyakhatun26 »

The Ministry of Finance promotes the Business Facilitation Unit that processes the acquisition of work permits for highly skilled third country employees, with a minimum gross salary of €2,500 per month. It is a requirement to have a university degree or equivalent qualifications or certifications.

The maximum number of work permits for third country nationals per company is set at 70% of all employees over a period of 5 years. The permits are issued within 1 month and last up to 3 years, and employees’ spouses can also access the labour market in Cyprus.

Digital Nomad Visa
Eligibility

Via the Digital Nomad Visa Program non-EU nationals, active as self-employed, salaried or ivory coast mobile database on a freelance basis can apply for the right to live and work in Cyprus. The applicants must work remotely using information technology and communicate remotely with clients and employers outside Cyprus.

Residence status

A Digital Nomad has the right to stay in Cyprus for a period of up to 1 year, with the right to renew for another 2 years. During the stay in Cyprus the spouse or partner and any minor family members, cannot provide dependent work or engage in any kind of employment activity in the country. If they reside in the Republic for a time period that exceeds 183 days within the same tax year, then they are considered as tax residents of Cyprus.
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