Companies of Foreign Interest (FICs) are businesses owned by non-Cypriot investors, requiring a minimum €200,000 foreign investment into a Cyprus business account. These companies benefit from EU market access, competitive tax rates, and simplified work permit processes for non-EU employees.

Employees earning over €2,500 per month can secure residency permits for themselves and their families, while spouses can obtain immediate work authorization. Cyprus also allows profit repatriation with no restrictions, making it an attractive destination for international businesses.