Let's say you understand what Steve Jobs's success is based on and dream of repeating it. You are a high-class specialist in the field of innovative technologies, you already have ideas, and you know how to implement them in practice. But at the same time you understand that in Russia it is unlikely to create a corporation of this scale. The reasons for this are high taxes, the level of crime in the country and the duality of the tax system of the Russian Federation. And so there are thoughts of starting a business outside of the homeland, and Cyprus is suitable for these purposes as well as possible. Moreover, since recently the sunny island in the Mediterranean Sea has been actively issuing visas for start-ups. But what kind of visa is this and how can it be obtained by an ordinary it-specialist? Let's consider in detail.
As the leading sources specializing in market research say, during the last couple of years start-up visas have become a world trend.
Start-up visaIs a visa that allows IT professionals and entrepreneurs to obtain a visa for a period of 6 months and with the possibility of renewal, or the applicant can immediately obtain a residence permit in a light procedure. Under similar conditions, a novice businessman can transport his entire family to Cyprus.
At the same time, each country has its own conditions for obtaining this visa. So, in one country, only those who are going to start a new project can get a start-visa, whereas in another country the owner of the company can transfer the already existing business. There are a number of countries where such visas are issued to foreign professionals moving for long-term business trips or for permanent work in local companies, as well as investors who finance the project.
The names of such visa programs are very different in different countries. In every country it is different. But, in any case, the state provides special conditions for entrepreneurs of this kind.
It should be noted that, lately, the creation of a successful center of the European start-up industry on the island of Cyprus is going on with leaps and bounds. Since the beginning of this year, more than 150 visas for start-ups have been issued. This became possible after the Cabinet of Ministers of Cyprus concluded a number of agreements with the cooperating countries on the issues of granting such visas, and now Cyprus has become a place of pilgrimage for many young companies seeking to develop a relatively new market for Europe, or those for whom it is preferable to work at a remote location access. In general, foreign entrepreneurs who arrived in Cyprus under this scheme, set as their goal the strengthening of their business positions within two years.
They are eligible for a visa under the start-up companies support program, not only it-specialists, but also financiers from third countries, ready to invest in innovative projects. To do this, they must be ready to open the company's headquarters in Cyprus, as well as become tax residents of the country. It is also necessary to have a higher education and to know one of the languages: Greek or English. In return, investors receive a residence permit in Cyprus for a period of two years. If financial investments justify themselves, the period of stay in the country can be prolonged for an indefinite period of time. In addition, the business owner, along with some of the compatriots who have concluded contracts for work in the company abroad, will be able to transport members of his family to Cyprus.
If you plan to get a start-up visa to Cyprus, you can use the services of our specialists, they will prepare a full package of documents for a visa and will consult about all aspects of creating a business in Cyprus.