Cyprus Vision 2035 is a transformative roadmap aimed at positioning Cyprus as a premier destination for business, innovation and high-skilled talent. Central to this vision are strategic initiatives designed to attract international professionals and investors, including the Cyprus Blue Card and IP Regime.
Cyprus offers a multitude of benefits for third-country nationals seeking to work and live in Cyprus. Designed to attract highly skilled professionals, this residence permit opens doors to a wealth of opportunities within the European Union. From streamlined immigration process to favourable employment conditions, the Cyprus Blue Card provides a competitive edge in a globalised job market, thus making Cyprus the strategic move for career advancement and personal growth in Europe’s thriving economies.
Following the amendments to the Civil Registry Law of Cyprus which came into force on July 2024, the following provisions are of particular importance, as Cyprus sets to lead the way to the synergy of dynamic environment for business development, talent attraction and tax efficiency.
Definition of simpler procedures regarding the entry and residence of third-country nationals in the Republic for the purpose of highly qualified employment, as European Union Blue Card holders and their family members;
Reduction of the minimum required duration of the employment contract for highly qualified employment purposes, so that it is at least six (6) months instead of at least twelve (12) months, as was previously in force;
The process of determining the total number of persons who will be able to enter and reside in the Republic for highly qualified employment purposes, taking into account the development priorities and the situation in the labour market in the Republic, as well as the capacity of the Republic to receive them;
Setting of a gross annual salary threshold for European Union Blue Card holders, so that it is at least equal to the average gross annual salary in the Republic, but does not amount to more than 1.6 times the amount of the average gross annual salary in the Republic.
Recognition of possession of professional skills in the field of information and communication technologies, i.e. knowledge, skills and competences attested by professional experience, as equivalent to knowledge, skills and competences attested by comparable higher education qualifications;
Strengthening the rights of European Union Blue Card holders and their family members.
Definition of the procedures that will be applied regarding the mobility of the above mentioned persons, within the European Union;
CPM and CPF are proud members of Delphi Alliance in Cyprus.
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