The startup visa is for talented entrepreneurs from third countries, individuals or a team, to enter, reside and work in Cyprus in order to establish, operate or develop a startup with high growth potential. The third country national must have access to €20,000 wich can include venture capital funding or crowdfunding and the enterprise must be innovative. If the enterprise is new then the business plan will be evaluated and should demonstrate the aim of creating new jobs, promoting innovation and research, as well as developing the business ecosystem.