Do you have plans which are manageable?? Do you have simple innovative ideas which can create new opportunities in a foreign country? Then with no second thought, Cyprus welcomes business entrepreneurs to strengthen and diversify streams of innovation and research. This would pave a way to create more work opportunities and would impact the economy of the host country.
An unprecedented announcement was recently made to attract foreign investors who have the wish and the zest to buy an existing business and those who have a simple plan to establish a new business in Cyprus for a period of 2 years with an extension of 1 year after making it to Cyprus. This opportunity is not for the investing applicant alone at the same time the dependents are also invited to accompany as well.
The scheme is both for individual and group investors. The primary investor has to be a qualified graduate, must possess good proficiency either in the languages Greek or English. The business has to be innovative certified with a base investment of 50.000 Euro. The headquarters and tax residency have to be set up in Cyprus exclusively.
The Cyprus start-up Visa focuses more on reducing unemployment. Above all the new start-up program would bring about tremendous changes in high levels of economic growth which would spread global networks to a larger extent. As Cyprus vows to focus more on the streams of innovation and research the local start-up ecosystem will get to experience a good head start which will make investments fruitful and worthwhile.
The key regulations will allow the investors to attain a one year visa, especially to 150 potential entrepreneurs. After the visa is issued there would be an evaluation before the visa expires by the local authorities. Once the eligible criterion is met then a temporary residence is issued which would give the benefit to reside and work in Cyprus. The Start-up visa program also enables the directors to hire locals. Not just being successful in a year subsequently contributing towards the economic growth will be regarded high priority.
The visa program is of two types one is individual Start-up visa plan with an investment of 25.000 Euro and a Group Start-up visa program with an investment of 50.000 Euro. After the visa is issued an evaluation that would also regulate the number of employees the business has hired, taxes paid, the kind of exports made, the income that was generated and if there were any further investments made. If this criterion is met the visa would be extended which will be an added benefit to any foreign investor.
The application can be submitted on-line for the Start-up visa program which should include a business plan which would take a minimum of 5 weeks to complete the evaluation. Once the evaluation is complete the applicant receives a notification of approval to make it to Cyprus for 2 years this would make the doorway for the visa more feasible. After the application is submitted for the issuance of visa it takes 3 weeks to be processed to complete the visa examination. With these policies being streamlined each year Cyprus announce 150 licenses for all certified Start-ups to be a part of this visa program.
There are opportunities to invest in businesses already existing then to start with a new one. This would have low risk and would give an investor to gain more market experience. Perhaps after a while, one can take-off with new ideas afresh.
New opportunities pave ways for innovative plans and unprecedented results. As Cyprus open doors for foreign investors to buy existing business, you must be motivated enough to take that one extra mile which would make all the difference. Y-Axis will assure to assist in every decision that you make. The best reliable guide we will be.
Y-Axis has the best resources to make sure your investments are worth every penny. We value your money as much you do. This will leave a remarkable memory to you and your family as well.
We intend to give you the best entrepreneurial solutions for your creative business strategy.