Over 60,000 work permits in a decade in Cyprus

Cyprus has issued much than 60,000 residence and work permits to overseas nationals implicit the past decennary arsenic portion of a propulsion to pull tech talent and investment, according to figures released by Interior Minister Constantinos Ioannou.

In effect to a question successful Parliament, Ioannou revealed that from 2014 to 2025, a total of 27,043 archetypal permits were granted to recently hired workers astatine companies with overseas interests, mostly successful the high-tech sector. When renewals are included, the total fig rises to 61,128 permits.

The program, designed to bring specialized professionals into Cyprus, is seen arsenic a cardinal portion of the country’s efforts to modernize its system and presumption itself arsenic a tech hub successful the region.

During the aforesaid period, 14,646 applications were submitted by third-country nationals seeking imperishable residency successful Cyprus done concern successful residential property. Of those, 28,660 people, including dependents, were approved for imperishable residence.

Nationals from China and Russia made up the bulk of recipients, with 10,100 permits granted to Chinese applicants and 8,478 to Russians. Other countries included Lebanon (1,822), Ukraine (983), Jordan (907) and Iran (699).