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Cyprus Publishes Revised Rules On Employment Of Third-Country Students

The Federation of Employers and Manufacturers (FEM) announced a revised ordinance regulating the employment of international students from third countries. The regulation was published in the Official Gazette of the Republic on March 6, 2026.

Regulatory Framework And Scope

The ordinance defines the sectors of economic activity and professions in which international students may work while studying in Cyprus. Employers and educational institutions are expected to follow the provisions outlined in the updated framework.

Eligibility And Academic Requirements

Under the regulation, international students may seek employment only after completing their first academic semester and enrolling for the following term. The requirement is intended to ensure that employment does not interfere with academic studies.

Documentation And Compliance Requirements

International students seeking employment must submit several documents, including:

  • A certificate confirming full-time enrollment and the academic program, issued by a recognized educational institution.

  • A monthly work schedule prepared by the employer.

  • A copy of a valid residence permit in the Republic.

  • An employment contract with a designated employer, approved by the Department of Labour and outlining the main terms of employment.

The Federation of Employers and Manufacturers said businesses should review the updated provisions when employing international students.

Trump-Musk Ties Draw New Scrutiny Over Reported SpaceX Investment

President Donald Trump’s reported investment in SpaceX has drawn attention to the financial ties between the president and Elon Musk, whose company has expanded its business with the U.S. government. The purchase comes after the two men publicly split last summer before later restoring their relationship.

White House Explains The Trade

White House spokesman Davis Ingle told Reuters that Trump’s stock portfolio is managed by third-party financial institutions. He said the portfolio is designed to track “recognized indexes, such as the Schwab 1000,” suggesting Trump may not have personally selected the SpaceX investment.

SpaceX has expanded its government business under the Trump administration. A recent Wall Street Journal analysis found that the company has secured a growing share of federal contracts while also benefiting from the administration’s approach to deregulation.

SpaceX Seeks Wider Index Exposure

SpaceX has reportedly lobbied major index providers to change their eligibility rules so the company could qualify for inclusion ahead of its planned IPO. Inclusion in major benchmarks can increase demand from passive funds and other portfolios that track those indexes.

Once a company enters a widely followed index, investors can gain exposure through funds without buying its shares directly. That can broaden the shareholder base and increase demand for the stock.

Trump And Musk Rebuild Their Relationship

Trump and Musk maintained a close political and business relationship before a public dispute last summer. Musk accused Trump of withholding Justice Department files related to Jeffrey Epstein because the president’s name appeared in them, an allegation Trump denied.

The disagreement later subsided, and the two have since remained aligned on several political and business issues. SpaceX’s growing role in federal contracts has kept the company closely connected to Washington.

Trump’s reported SpaceX investment therefore comes as the company prepares for a potential public listing and expands its relationship with the U.S. government.

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