Acquire Temporary Work Permit for Cyprus Employees

PROCEDURE TO ACQUIRE TEMPORARY WORK PERMIT FOR EMPLOYEES FROM NON – EUROPEAN COUNTRIES WHO ARE EMPLOYEED IN INTERNATIONAL COMPANIES IN CYPRUS

An International Company registered in Cyprus can employ non – European personnel. In order to do so, the company must firstly apply for a permit to employ non-European personnel.

The Required Documents are:

1. Certificate of Incorporation
2. Certificate of Registered Office
3. Certificate of Directors
4. Certificate of Shareholders
5. Memorandum and Articles of Association

The above documents must be the originals and stamped by the Registrar of Companies

1. Profile describing the nature of the company’s business and details of its operations
2. List with the names, full addresses, passport numbers and nationality of the initial shareholders of the applying company.
3. List of company’s personnel (applicants and employees)
4. Bank account with a balance of €41,006
5. Domicile deed title of lease agreement or contract of sale and purchase of the offices in Cyprus.
6. Deposited amount of €170,860.00 which can be proved by banking and other documents that the direct foreign capital investment amounts at least €170,860 and it was brought in Cyprus legally from abroad.

In case where the percentage of the foreign participation in the share capital of a company is equal or below the fifty percent (50%) of the total share capital, this percentage should represent an amount equal or higher than €170,860.00 in order for a company to be considered eligible. Applications by companies that deal with offering services or consulting services that invest capital lower than €170,860.00 will be examined by the Migration Authorities given the fact that the nature of their work does not require a higher capital investment.

When the company has already applied and acquired the permit to employ third country nationals, the below procedure must be followed to acquire the temporary work permit for the employee:

1. List of the company’s personnel (applicants and employees)
2. Certificate of company Tax Clearance issued by the Inland Revenue Department
3. Audited financial accounts of the company for the previous year
4. An auditor’s report for the company’s viability
5. In case of consulting companies sufficient evidence concerning the provision of services according to the Company’s profile (for example indicative invoices and contracts, bank statements of the Company for at least 3 – 6 months period).
6. Form M61 fully completed and signed by the employee and the company
7. Form M64 fully completed and signed by the employee and the company
8. 4 photographs of the individual
9. Medical Certificate signed and stamped by a Cypriot government doctor. It must include Aids analysis, Syphilis, Hepatitis B, C and chest X – rays for tuberculosis
10. Employment Contract signed by both parties and stamped by Inland Revenue
11. Bank Guarantee based on the country of residence of the applicant for repatriation expenses. The bank guarantee should be valid for at least 12 months beyond the duration of the employment contract
12. Medical Insurance covering in-patient and out-patient expenses, expenses for transportation and repatriation of corps and stating that the medical insurance is renewable by order of the applicant. The duration of the insurance should be 6 months beyond the duration of the employment contract.
13.  Registration Number of the employee to Social Insurance Authorities
14. Passport copies – a valid passport is needed with its expiration date to be beyond the contract duration
15. Copy of the applicant’s entry visa in Cyprus
16. Criminal Record certified by the country of the applicant and a certified translation in Greek by the Press and Information Office of the Cyprus Government
17. Fees of €104

All information was taken from the Civil Registry and Migration Department, Ministry of Interior of Cyprus