Increase of number of beneficiaries of the Cyprus Digital Nomad Visa Scheme to 500
By: N. Pirilides & Associates LLC
On 03/03/2022, the Council of Ministers decided to increase the ceiling of residence permits (the number of beneficiaries of the Cyprus Digital Nomad Visa scheme from 100 to 500).
The introduction of the "Cyprus Digital Nomad Visa Scheme" is included in the Strategy for Attracting Businesses for Activities or/and Expansion of their Activities in Cyprus.
The "Cyprus Digital Nomad Visa" Scheme allows nationals from non-EU and non-EEA countries, who can perform their work location-independently using telecommunications technology, to reside temporarily in Cyprus and work for an employer registered abroad or perform work through telecommunications technology for companies or clients located abroad.
The Scheme’s aim is to strengthen Cyprus as a centre for the provision of electronic services, where in combination with the other advantages offered by Cyprus, the attraction of digital nomads will contribute to the development of the business ecosystem and consequently to the economic development of the country.