Cyprus Startup Visa: Pathway for Innovative Entrepreneurs – Third-Country Nationals
The Cyprus Startup Visa provides a unique opportunity for non-EU (third-country) nationals to establish innovative, high-potential startups in Cyprus. The scheme is designed to foster entrepreneurship, innovation, and economic growth.
The program is valid until December 2026, with a cap of 150 visas to be issued.
Eligibility and Requirements:
- Nationality: Non-EU/EEA founders or teams (up to five members).
- Minimum Capital: €20,000, which can include personal savings, venture capital, or crowdfunding.
- Business Plan: Detailed plan demonstrating innovation and scalability.
- Language Proficiency: English or Greek.
Application Process and Timeline:
- Initial Approval – Issued by the Ministry of Research, Innovation, and Digital Policy, typically within 5 weeks.
- Residence Permit – Applied through the Migration Department, generally processed within 3 weeks.
- Permit Duration – Initial permit valid for 3 years, renewable for 2 additional years.
Program Statistics
The Cyprus Startup Visa is highly selective, with approval rates around 10% of applications, emphasizing quality and innovation. Applications are still being accepted, providing ongoing opportunities for eligible entrepreneurs.
Benefits for Entrepreneurs
- Legal residence and work rights in your startup.
- Family reunification rights for eligible dependents.
- Potential pathway to an EU Blue Card, allowing mobility to work across the EU.
At Evagoras Anastasiou Law Firm, we provide comprehensive guidance for third-country nationals applying for the Cyprus Startup Visa, including business plan preparation, legal structuring, and application submission.
For more information or to begin your application, contact us by completing this form:
