TechIsland welcomes new decrees on third country workers

TechIsland has welcomed the government's implementation of the decrees issued by the Ministry of Labour and Social Insurance, aiming to enhance the attraction of highly skilled professionals from third countries.

Noting that these decrees come through the EU Blue Card Directive and will expand access for foreign students to the labor market, allowing them to work in fields related to their studies, TechIsland Chairman Valentinos Polykarpou describes the initiatibes "a pivotal step in advancing the technology sector in Cyprus."

His full statement can be seen below:

TechIsland welcomes the government's implementation of the decrees issued by the Ministry of Labour and Social Insurance, aiming to enhance the attraction of highly skilled professionals from third countries through the EU Blue Card Directive and to expand access for foreign students to the labor market, allowing them to work in fields related to their studies.

These initiatives mark a pivotal step in advancing the technology sector in Cyprus.

Developing human capital is essential for the growth of our industry. While Cyprus is already an attractive destination for foreign investment, the specialized skills required by technology companies are not yet sufficiently available within the local workforce. The ability to attract and retain global talent while leveraging their expertise to build local capacity is critical for the sector’s long-term sustainability.

These measures are instrumental in creating the conditions necessary for Cyprus to establish itself as a true hub of technology and innovation. By investing in talent, we lay the foundations for a dynamic ecosystem that will attract investments, create jobs, and drive the country’s economic development.

TechIsland remains committed in supporting initiatives that foster innovation, enhance competitiveness, and position Cyprus as a destination on the global technology map.

Also read: Cabinet revises 'start-up visa' scheme for third country nationals