The Council of Ministers, with its Decision on 07/10/2020, proposed its revised policy regarding the issuance of temporary residence and employment permits to employees of foreign interests companies registered and operating in the Republic of Cyprus.
The key amendments of the policy are the following:
a. for Directors, General Managers, Project Managers, Departmental Managers, the acceptable minimum gross monthly salary is €4.000;
b. for Middle management executives and Key personnel, the acceptable minimum gross monthly salary is €2.000;
c. for Specialists, the acceptable minimum gross monthly salary is €2.000.
For more information on the above, please click here to read our detailed Information Sheet.