Work in Cyprus for Ukrainians

Ukrainians must obtain a work permit in Cyprus and cannot enter the country without first finding a job. To work legally in Cyprus, Ukrainian citizens will need a work visa, which is issued to foreign nationals working in Cyprus for Cypriot companies.

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To perform seasonal work in Cyprus, Ukrainians need to have:

• an entry permit for the purpose of employment; and
  
• a temporary residence and work permit.
  

Seasonal workers can be employed for a period of up to four months, which can be extended for another four months.

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How can Ukrainians obtain a work permit?

1. Find an employer.

First, you need to find an employer in Cyprus who is willing to provide you with seasonal work. This can be done by contacting hotels, restaurants, travel agencies or using online job portals.

2. Conclusion of the contract.

Once you have found an employer, you need to sign a contract that specifies the working conditions, salary, duration of work, and other important details.

First, the employer applies to the district employment center of the Labor Department of the Ministry of Labor and Social Insurance with a vacancy announcement. A labor market analysis is conducted to assess whether there are any local or European workers with the appropriate qualifications to fill the specific vacancy.

If the vacancy is not filled, the employer may apply for the employment of a non-EU national. After receiving a positive response from the Department of Labor, the relevant employment contracts are signed and sealed.

3. Entry permit for the purpose of employment

The employer then submits an application for an entry permit for a non-EU citizen to the Civil Registry Office and Migration Department through the district police units for foreigners and immigration.

You must:

• undergo a medical examination;
  
• present a certificate of no criminal record;
  
• present a valid passport;
  
• attach to the application an employment contract duly certified by the seal of the Employment Center.
  

The employer is also obliged to provide reasonable living conditions and a bank guarantee in case of your repatriation.

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Validity of a work permit for Ukrainians

A work and residence permit is issued for a period of up to three months and can be extended for another eight months (four plus four months).

How can Ukrainians start a business in Cyprus?

Starting a business in Cyprus is a fairly straightforward process.

The Cypriot government is known to be very supportive of foreign investors, attracting foreign capital with low bureaucratic red tape and a favorable tax system.

It will not take you more than ten days to successfully complete the business registration process in Cyprus.

Entrepreneurs are advised to start a business with those regulated by the Companies Law, such as public limited companies, limited liability companies or companies with limited guarantee, as well as limited liability companies.

To establish a company in Cyprus, the investor must start by choosing a unique name and propose it to the Registrar of Companies.

Then, he must submit the Memorandum of Association drafted and notarized by a qualified lawyer, along with the specified documents to the Official Receiver and Registrar of Companies at the Companies Division.

After registration, the Ministry of Taxes will provide you with a tax number and VAT number. The last step is to register your company in Cyprus at the Registrar of Companies Department (opens in a new tab)

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Types of companies to establish in Cyprus

Foreign investors have the same investment opportunities as Cypriot citizens. Although the most popular type of business is a limited liability company, there are other types of companies you can establish in Cyprus.

Here are some of them:

• Sole Proprietorship: Usually used for small businesses and businesses with a single investor.
  
• Partnership: It is not often chosen, but it can be either limited or general.
  
• Unlimited liability company: These are limited liability companies that are limited by guarantee.
  
• Representative offices, branches and subsidiaries are also available for foreign investors. Cypriot law firms usually offer advice to investors wishing to start any of the above types of business in Cyprus.
  

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What is the process of company incorporation in Cyprus?

The process of company incorporation in Cyprus consists of several steps, including:

1. Choosing a business structure. The first step is to decide on the legal structure of your business. Cyprus offers several options, including a private limited company (Ltd), a public limited company (PLC), a partnership, and a sole proprietorship.
   
2. Reserve a company name. Once you have decided on the legal structure of your business, you will need to choose a name for your company.
   
3. Prepare and sign a memorandum of association and a charter: The next step is to draft the Memorandum and Articles of Association, which outline the goals, rules, and regulations of your company. After that, the documents must be signed by the shareholders and directors of the company.
   
4. Register the company with the Registrar of Companies. After signing the Memorandum and Articles of Association, we proceed to register your company with the Cyprus Registrar of Companies.
   
5. Obtain a tax identification number. After registration with the Registrar of Companies, we proceed to obtain a Tax Identification Number (TIN) from the Cyprus Tax Department. This number is required for all tax-related transactions in Cyprus.
   
6. Register with the Social Security Department. If you plan to hire staff in Cyprus, we will need to register your company with the Social Security Department. This will allow you to make contributions to social security and other social security schemes.
   
7. Open a bank account. The last step is to open a bank account in Cyprus. This will allow you to make business transactions and pay taxes.
   

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The establishment of companies in Cyprus is usually associated with certain legal requirements. Any business in Cyprus must meet the following mandatory requirements:

- Registered office

The company must have an official address in Cyprus to which notices (e.g. letters from the Registrar of Companies) are sent, company registers such as data on shareholders and directors, meetings and other relevant documents are kept.

- Directors

Companies in Cyprus are required to have two directors (or one director if it is a private company), who may be residents or foreigners. It is recommended to appoint local directors to create effective management and control in Cyprus.

- Audit

In accordance with International Standards on Accounting and Auditing, Cyprus companies must be audited annually by an auditing firm.

- Secretary

Every company is obliged to appoint an individual or a company as a company secretary. The company secretary can be either a Cyprus resident or a foreigner.

- Share capital

According to the Cyprus Companies Law, there is no minimum share capital requirement for private companies, while the minimum capital for a public company is €25,629.

- Annual General Meeting

All Cyprus companies must hold a shareholders' meeting at least once a year within 18 months from the date of incorporation. To better understand this concept, read our guide to holding an annual general meeting in Cyprus to ensure that you conduct it properly.

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Costs associated with doing business in Cyprus

One of the most challenging aspects of setting up a company in Cyprus is the costs involved in opening and operating it.

If you want the process of running a company to be hassle-free, it is important to be aware of these costs and fully prepare your budget.

Below are a few costs that we think are worth mentioning:

- Business registration

Business owners can choose whether to pay for company registration online or offline. Online registration is usually paid for by credit card, while offline payment can be submitted manually or by mail.

- Approval of the name

For each proposed company name, a fee of 10 euros must be paid.

- Maintaining an office

Having a registered office is considered a prerequisite for doing business in Cyprus. The fees for maintaining a Cyprus office may vary depending on the service provider. Business owners can choose the options that best suit their needs.

In addition to the initial opening costs, it is also important for companies to keep track of office maintenance costs to keep their business active.

- Annual fee

Every registered company that has established a place of business in Cyprus must pay an annual fee of €350 by June 30 for each year of operation.

- Accounting services

Every company in Cyprus must maintain proper accounting records in accordance with International Financial Reporting Standards and the provisions of the Companies Law.

If business owners choose to consult a professional accountant, the cost of accounting will depend on the services provided.

- Opening a bank account

You should consider the costs associated with opening a corporate bank account. The actual amount may vary significantly depending on the bank and the services associated with the account.

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Business visa to Cyprus for Ukrainian citizens

Whenever you are considering doing business in another country, there are certain formalities that need to be taken care of. First of all, you need to know what kind of business you are going to run in Cyprus. Obtaining a business visa is the most important thing to do in this case. A Cyprus business visa provides you with various privileges. With this permit, you can attend any business events, such as business conferences, business meetings for your organization's branch or subsidiary, meetings with clients, and others. The visa is valid for one year, during which you can stay in the country for 90 days per visit. This visa is usually multiple entry.

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How to apply for a business visa?

The process of applying for a business visa is done offline. However, before doing so, you need to make sure that you are eligible to apply for a visa. You must make sure that you have a valid passport and other important documents that are required. You must follow the guidelines put forward by the consulate and the Department of Civil Registration and Immigration.

Below is a step-by-step procedure for obtaining a visa:

1. Visit the official website of the Cyprus High Commission.
   
2. Go to the “Visas” section and select the Cyprus business visa application form.
   
3. Download and print the form.
   
4. After that, you can fill out the application form with all the necessary data from your passport and other documents.
   
5. Sign the form and attach supporting documents.
   
6. Then you can submit the form to the office of the Cyprus High Commission in New Delhi.
   
7. When filling out the Cyprus business visa application form, make sure that the information and data provided in the visa application form matches the data in your passport and other documents. If the information in the application form is incorrect or unverified, there is a possibility that the visa application will be rejected. Such a visa refusal may even affect your future applications for any visa to Cyprus or any other country. To avoid this, you may even want to seek professional advice to ensure that you do not make a mistake that could have consequences.
   

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Eligibility for a visa

When applying for a business visa, you will need to make sure that you meet the eligibility criteria. There are certain parameters that you need to pay attention to before filling out the application form.

The eligibility criteria are as follows:

1. You must have proper proof of your business to present to the authorities.

2. If you have been invited to a business conference or to a business or client meeting, you must provide the embassy with an invitation letter from the company.

3. You must meet the health requirements

• You must be healthy enough to travel to Cyprus.
  
• You must undergo a medical examination before traveling to the country and provide appropriate documentary evidence.
  
• You must be within the age limit to be able to apply for a work permit.
  

4. You must meet the personality requirements

• You must have a good reputation and genuine intention to work in Cyprus.
  
• You must provide appropriate documentary evidence of this (upon request) in the form of a police clearance certificate (PCC).
  

5. You must have sufficient funds

• You must possess or have access to sufficient funds to be able to cover your stay and other expenses in Cyprus.
  
• You must provide a bank statement or any other equivalent document, as well as proof that.
  

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What documents are required to obtain a business visa for Ukrainians?

The documents required to obtain a Cyprus business visa are as follows:

• Original passport valid for at least 6 months prior to the date of travel.
  
• Visa application form, fully completed and signed
  
• Color photos in accordance with the photo requirements
  
• Cover letter with all the necessary data
  
• Confirmed airline tickets
  
• Declaration of income
  
• Medical insurance during the trip
  
• Detailed travel itinerary
  
• Letter from the Chamber of Commerce and Industry
  
• Certificate of registration of the inviting company
  
• Proof of accommodation - invitation letter, hotel reservation, etc.
  
• Confirmation of the purpose of the visit - an invitation letter, a pass to an exhibition or conference, etc.
  
• Proof of sufficient funds - bank statement or any other equivalent document.
  

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Processing time

The processing time required to issue a Cyprus business visa is about 15 days. The time may vary depending on certain factors, such as the workload of the consular section, staff availability, availability of a complete package of documents or remaining documents that still need to be submitted, and others. Depending on these parameters, the time may increase or decrease. An additional factor that may affect is the requirement of document certification for commercial documents.

There are some employment opportunities for Ukrainians in Cyprus. The main industries where Ukrainians can find work include the following:

• Tourism and hospitality: Tourism is one of the main industries in Cyprus and therefore there are many job opportunities in this sector. Hotels, restaurants, resorts and travel agencies are constantly looking for qualified workers who can work in service, culinary, animation and other areas.
• Construction: Cyprus has an active construction industry that requires labor. Ukrainian workers can be engaged in various types of work in the construction sector, such as modelers, painters, carpenters, electricians, etc.
• IT sector: Information technology is developing in Cyprus, there are companies that are constantly looking for employees
• Financial services: Cyprus is a financial center, so there are opportunities for employment in banking, insurance, financial consulting and other related industries.
• Training and education: Cyprus has some universities, colleges and training institutions where you can engage in teaching or other academic activities.

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There are several useful job portals in Cyprus. Here are a few of them:

1. Cyprus Jobs: This portal provides a large number of job vacancies in various fields in Cyprus. You can search for jobs by category, region or keywords.
2. JobsCyprus: This portal specializes in job offers in Cyprus. You can search for vacancies in various categories including hospitality, IT, finance, and more. 
3. Cyprus Recruiter: This portal provides information about jobs, employers and working conditions in Cyprus. You can search for jobs by industry, add your resume and participate in conversations with employers. 

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Various job fairs are held in Cyprus. However, specific dates and events may change over time. Here are a few organizations and events where Ukrainians can find information about jobs and network with potential employers:

1. Job Fair Cyprus: This event is one of the largest job fairs in Cyprus, featuring various companies and industries. It is held annually in different cities of Cyprus.
2. European Job Days: These are European events organized by the European Commission that attract participants from different countries, including Cyprus. These events provide an opportunity to meet with employers and organizations offering jobs in the European Union.
3. Career Days Cyprus: This event is held at a number of universities in Cyprus and is aimed at students and graduates, but is also open to all foreigners. Various companies offering jobs and internships are represented at these fairs. Visitors can get information about employment opportunities and establish contact with employers.