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Cyprus Expands International Outreach To Attract Returning Professionals

The Cypriot government will expand its outreach initiatives in May to attract highly skilled professionals under the national Minds In Cyprus initiative. The move follows parliamentary approval of a legislative framework that broadens tax incentives for returning expatriates. Government outreach will target international locations, including Athens, Thessaloniki, the United Kingdom, and the United States.

International Outreach And Strategic Engagement

Starting in mid-May, a series of job fairs will support the repatriation effort. The events are designed to connect employers with candidates through direct interaction, including CV exchange and on-site interviews. The format provides immediate access to job opportunities and enables employers to engage with candidates currently working abroad.

The Mechanism Behind Minds In Cyprus

The initiative builds on a 2024 event in England, which attracted more than 750 Cypriot professionals working abroad. The online platform Minds In Cyprus, along with the Opportunities For Talent program of the Ministry of Labor, has attracted interest from 670 expatriates.

Candidates register by submitting personal, academic, and professional information, while employers list open roles. Current listings include 72 private-sector positions and seven public-sector roles, with 371 additional vacancies already advertised.

Data-Driven Matching And Ongoing Support

The Ministry of Labor’s department matches candidate qualifications with employer requirements. Data show 233 matches between candidates and job openings, although limited feedback from participants restricts full evaluation of outcomes. Advisors from the European Employment Services (EURES) support candidates by guiding employment and relocation.

Enhanced Action Plan For A New Era

The updated Action Plan includes measures aimed at accelerating repatriation and integration:

  • Tax incentives have been expanded, with the exemption rate set at 25% and the cap increased from €8,550 to €25,000. The required period abroad has been reduced from 15 to seven years after completing higher education.
  • Citizenship procedures for spouses and partners are being streamlined through the Population and Electoral Archive.
  • Access to state-supported housing is being simplified by removing the two-year permanent residence requirement.
  • Registration procedures for healthcare professionals are being accelerated, alongside recognition of foreign qualifications.
  • Greek language courses are offered with state support to assist integration.
  • Subsidies for in-house training and tuition support for children in private education are included.

The measures define the government’s framework for attracting and integrating skilled professionals into the domestic labor market.

Cyprus Promotes Ship Registry In Asia As Fleet Grows To 25-Year High

Cyprus is stepping up efforts to attract international shipowners, with Shipping Deputy Minister Marina Hadjimanolis holding high-level meetings in China and Japan as the country’s ship register reaches its strongest level in 25 years.

Running from October 14 to 29, the Asian mission focuses on expanding commercial ties, promoting the advantages of the Cyprus flag and strengthening cooperation with shipowners, shipbuilders and maritime authorities.

China Meetings Target Shipowners And Industry Leaders

In Shanghai, Hadjimanolis met Wang Qian, vice-director of the Shanghai Pudong New Area Commission of Commerce and Shipping Service Office, ahead of the North Bund International Shipping Forum on October 20–21. Organisers expect around 4,000 participants from more than 50 countries and regions, with discussions covering international shipping, maritime safety, financing, insurance, digitalisation and the transition to cleaner fuels.

The minister also met representatives of Dalian Trawind Shipping and Fortuna Shipbrokers Inc. to present the Cyprus registry’s advantages and explore registration opportunities for vessel owners. On October 20, she is scheduled to speak at the 10th Annual Capital Link International Shipping Forum in Pudong, joining a ministerial roundtable on international maritime leadership.

A visit to Zhoushan is also planned for the naming ceremony of Kypros Island, a new vessel for the Cyprus register owned by Safe Bulkers. Launched in June at the Tsuneishi shipyard on Xiushan Island, the 81,200-deadweight-tonne methanol dual-fuel bulk carrier is scheduled for delivery at the end of October. According to the Zhejiang Maritime Safety Administration, sea trials were due to take place between October 11 and 16.

Japan Engagements Strengthen Maritime Ties

Before travelling to China, Hadjimanolis met Japan’s Parliamentary Vice-Minister for Land, Infrastructure, Transport and Tourism, Kenta Aoshima, in Tokyo on October 16. Her programme also included meetings with senior representatives of Shoei Kisen Kaisha, Nihon Shipyard, NYK Line, ITOCHU Corporation and SSY Projects, focusing on cooperation with Japanese shipowners, shipbuilders and shipping operators.

At the 5th Annual Capital Link Japan Maritime Forum, held at the Tokyo American Club, Hadjimanolis discussed maritime leadership, competitiveness, policy and international cooperation with Capital Link founder and president Nicolas Bornozis. Other sessions examined Japan’s shipbuilding strategy, new-vessel financing and the development of ammonia-powered ships.

The Tokyo programme followed a Cyprus Ship Registry reception on October 15 for representatives of Japan’s maritime and business communities. Hadjimanolis outlined the country’s shipping services and regulatory framework, while Polys Hajioannou, chief executive of Safe Bulkers and president of the Cyprus Union of Shipowners, delivered the opening remarks.

Registry Reaches Highest Level In 25 Years

At the reception, Hadjimanolis said the Cyprus Ship Registry had grown by 27% since September 2023, reaching its highest level in a quarter of a century. She attributed the expansion to efforts to improve competitiveness, simplify administrative procedures and provide more responsive services to international shipowners.

Cyprus’s inclusion on the White Lists of the Paris and Tokyo Memoranda of Understanding was another point highlighted by the minister. These lists reflect the safety and inspection performance of ships flying a national flag.

Existing commercial links with Japan include Safe Bulkers’ announcement in May of four Japanese-built dry bulk vessels scheduled for delivery in 2029.

South Korea Next On The Maritime Agenda

Hadjimanolis’ mission will continue in South Korea, where she is expected to attend the 2026 World Maritime Day Parallel Event and Korea Maritime Week alongside International Maritime Organization Secretary-General Arsenio Dominguez and government representatives from several countries.

Her programme will also include discussions on implementing international maritime conventions and bilateral talks aimed at strengthening Cyprus’s shipping ties with South Korea.

The Asian outreach comes as maritime centres compete for shipowners amid geopolitical uncertainty, fleet renewal and pressure to reduce shipping emissions. For Cyprus, the strategy combines promotion of its registry with closer relationships across Asia’s shipbuilding and shipping sectors.

Uol
The Future Forbes Realty Global Properties
Aretilaw firm
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