Many people turn to self-employment or start their own business when they start a new life abroad, although this can be very risky indeed in a foreign country.
If you’re thinking of doing this in Cyprus, you must do plenty of research into the country and its history, people, culture and of course business environment. In theory, now that Cyprus has joined the EU, other EU citizens can work as a self-employed person or start a business in Cyprus without restriction. For example, EU citizens are now able to start a business without needing a local Cypriot partner and there’s no minimum investment required.