Cyprus Employment Visa for Foreign Interest Companies

The companies have to meet the following criteria:

• Third Country nationals will hold the majority of the company’s shares
•  Capital of at least €200.000 in foreign direct investment that is legally permitted in Cyprus
• All applicants must operate from separate self-contained offices that are not part of a private residence or another office (unless they share a tenancy)

The companies have to submit the following documents:

• Company’s incorporation documents
• Profile that explains the business’s nature and specifics of its operations
• List of the company’s personnel
• Title deed or rental agreement or sales agreement for company’s offices
• Memorandum of the Company
• Final beneficiaries

Personnel Categories 

Directors

• The minimum acceptable gross salary for the Directors of the Firm is €3.872 
• Maximum number of 5 properties for this category

Middle Management Executives – other key personnel

• Minimum acceptable gross monthly salary for this category is between €1936 – €3871
• Maximum number of Ten (10) persons for this category

For employing a greater number of third-country personnel under the above categories, duly justified and documented requests by the company can be submitted.

Support staff

There is no maximum number for the employment of third-country nationals under this category, as long as the necessary approvals from the Department of Labour have been obtained.

Family Members

Third-country nationals working as directors, middle management executives, or other key employees for foreign-owned businesses are allowed to exercise their right to family reunification. Furthermore third-country nationals who are family members (spouse and minor children) are allowed to enter and remain in Cyprus in such a situation.

Civil Registry and Migration Department