The Cypriot Ministry of Labour, Social Security and Insurance has announced new initiatives aimed at meeting the growing demand for skilled labour in the local market.
They concern the attraction of qualified professionals from third countries and the expansion of employment opportunities for foreign students.
The measures, published in the Official Gazette of the Republic of Cyprus, include the introduction of new EU Blue Card rules and an updated student work permit policy.
Under the Blue Card scheme, which allows its holders to live and work in EU member states, the minimum annual salary for qualified third-country professionals will be set at €43,632, which is 1.5 times the average annual pre-tax salary in Cyprus.
The ministry has also identified key sectors for skilled migration, including information and communication technology (ICT), pharmaceutical research and maritime services (excluding masters and crew).
For international students, the rules have been updated to extend the right to obtain a work permit.
Students must now be present in Cyprus from December 2024, instead of March 2024, to qualify. In addition, ICT students who have completed their first academic semester will be allowed to work in fields related to their studies.
The ministry said these measures are aimed at addressing the shortage of skilled labour and supporting the economic development of Cyprus, as well as providing better career opportunities for foreign students studying in the country.