Residency & Work Permits for Non-EU Nationals
Company of Foreign Interest (Business Facilitation Unit)
Overview
The CFI scheme is tailored for international companies owned by non-EU nationals who want to operate in Cyprus and employ non-EU staff.
Key Requirements
- Capital transfer of €200,000 into the company’s Cyprus bank account.
- Non-EU shareholders.
- Directors/key staff with contracts of at least €2,500/month.
- Employer’s liability and social insurance contributions.
Key Features
- Grants a residence visa & work permit for up to 5 years, renewable.
- Covers spouse and children.
- Attractive expat tax benefits.
Advantages
- Fast-track naturalisation: eligible for Cypriot citizenship after 5 years of residence (or 4 years with Greek language proficiency).
- Streamlined process through the Business Facilitation Unit.
- Family-friendly relocation framework.
How We Help
We incorporate the company, register it with the Business Facilitation Unit, draft contracts, file applications, and assist with naturalisation planning.