Startup Visa
Cyprus
Last updated: December 23, 2025
1 year (renewable)
$585
8-12 weeks
Medium
About this Visa
This visa lets non-European entrepreneurs start and run a business in Cyprus while living there legally. You build a company with a residence permit. Non-EU people with a business idea can apply alone or with up to 4 teammates. Your business must be innovative (tech, research, or high-growth focused). Run your own company, hire staff, work for yourself, and live in Cyprus. You can employ up to 50% foreign workers without special approval. Only €20,000 startup capital needed, very low business taxes (12.5%), and you can eventually become a Cyprus citizen.
Key Benefits
- Work without restrictions for your own company
- Hire foreign employees (up to 50% of staff)
- Very low taxes (12.5% business, 2.5% for tech companies)
- Bring spouse and kids after 2 years
- Travel freely in Europe
- Become a permanent resident after 5 years
- Become a citizen after 8 years
- No time limit if business succeeds
Eligibility & Requirements
Eligibility Criteria
- Not from EU/EEA countries
- Have €20,000 available
- Have business or relevant work background
- Speak English or Greek very well
- Have no criminal history
- Have solid business plan showing innovation
- Own at least 25% of company
- Show business spends 10%+ on research and development
Financial Requirement
€20,000 ($23,522) - Show you have this in a bank account. Can be savings, investment, or loan.
Documents
- Valid passportGood for 2+ years
- Business plan15+ pages describing company and growth
- Bank statementsProving €20,000 available
- CV and work historyYour background and qualifications
- Language proofEnglish or Greek language certificate (very good level)
- Criminal record checkProof of no criminal convictions
- Medical insurance certificateCertificate covering Cyprus stay
- Teammates CVsIf applying with others, include their CVs
Disclaimer: The information on this page is for general informational purposes only and does not constitute legal or immigration advice. Visa requirements, fees, and processes change frequently. Please verify all information with official government sources and consult a qualified immigration attorney before making decisions.