The list of benefits provided by the start-up law does not provide an all-EU visa access. Therefore the visa applies for the Republic of Cyprus. It gets: right to economic activity and residence in the Republic for one year, and with the possibility of renewal for at least another year; right to self-employment or right to paid employment in his/her registered company within the republic; prospective residence in the republic without any maximum time restrictions, if the enterprise succeeds; prospective recruitment of specific number of personnel from non-EU countries without prior approval of the Department of Labor, in case of success of the enterprise. The success or failure of the enterprise will be assessed at the end of the second year.
