A summary of the Capital Considerations for Cyprus First scheme by London Visa in Cyprus

1. Capitalisation
Considerations

2. Two Models – One Scheme
●
For an Individual
●
€22,625 Capital per
individual plus scheme
charge £5,000 (£25k total)
● 8 Individuals will be
combined together into a
single company.
●
For an existing company
●
€181,000 Capital plus
scheme charge
● 5 Senior Staff
10 Technical Staff

3. Two Models – One Scheme
●
For an Individual
●
Capital is used to pay a salary of €2,400
per month irrespective of earnings.
●
Should Capital account be depleted,
additional funding will be necessary to
continue employment with shared
company which sponsors Cypriot visa
●
No limit to the period you can work
using the scheme whilst being able to
be paid correctly.
● For an existing company
●
5 Senior staff should be paid in excess
of €3,500 per month
● 10 Technical staff should be paid in
excess €2,400 per month
● No limit to the period staff can stay
whilst being paid correctly.

4. A Individual consultant must ensure their
capital account is positive
● Employment is contingent on your Capital Account remaining positive at all times.
● The capital account will fluctuate
● The following slides display a variety of situations which may occur
● Once your total salary paid has exceeded the initial starting capital you have invested,
effectively you have recouped your investment.
● If the Capital Account were to be too low, you could re-invest capital from part of
your salary to remain in the scheme.

5. Capital / Salary based on consulting at £15 per hour for
6 months, then no earnings for 3 months

6. Capital / Salary based on consulting at £15 per hour for
remote working

7. Capital / Salary based on consulting at £20 per hour for
6 months, then no earnings for 3 months

8. Capital / Salary based on consulting at £30 per hour for 3
months, then no earnings for 3 months

9. Capital / Salary based on consulting at £30 per hour for
3 months, then no earnings for 9 months and recapitalising

10. Capital / Salary based on consulting at £60 per hour for
3 months, then no earnings for 9 months

11. Capital / Salary based on consulting at £60 per hour for
6 months, then no earnings for 6 months