The mostsought-afterprofessionin Cyprus.

Front-end, back-end and full-stack developers

In the English version, the positions look more familiar: front-end, back-end and full-stack developers. These specialists are high-paid postmen with knowledge of HTML, CSS, Javascript, JQuery, Python, Ruby, Java, PHP, C# and other foreign languages that most people don't understand.

Cyprus is known for its wealth of forex companies. Since services in this sector are offered online, a functional and marketable website needs to be created. Clients should be able to access their accounts, which reflect their transactions, trading statistics and other useful information.

Cyprus has forex, as well as gambling, adult content, casino and crypto businesses. And they also need such specialists.

In this case, there is serious competition for the best front-end, back-end and full-stack brains. They are offered attractive contracts, paid for housing and given cars (not in all companies). Then, again, they fill out all the necessary visas and other entry documents. And if they suddenly fall out with their boss and are forced to look for a new job, they will receive several new job offers within the first week of their search.

Sysadmin, DevOps, product manager.

And also jobs from the IT industry. Apart from the forex companies mentioned above, there are also consumer IT knowledge companies in Cyprus. For example, mobile and computer application developers are actively moving to the island due to the attractive conditions for technology companies and startups. For them, Cyprus has the IP Box scheme, where 80% of profits are tax-free, while the remaining 20% is subject to the standard 12.5% income tax. In addition, there is no tax on dividends for the first 17 years of living on the island.

These measures have led to an increase in the number of companies established in Cyprus, including from the post-Soviet region. Good Russian-speaking specialists are valued in Cyprus, as the local labour market cannot meet their needs.

Accountants.

Several Russian-owned companies have been established in Cyprus. These companies are either part of a portfolio structure or actually hold the majority of shares in Russian companies.

Russian-speaking accountants must manage all financial statements to ensure that not a single ruble is lost. In this context, there are many vacancies for accountants. If you are familiar with the accounting standards applied in Russia and Europe, are fluent in English (maybe Greek?) and have a good command of the Russian language, you are the right candidate to become a Russian-speaking accountant

Controllers.

Cyprus has the so-called "Big Four" auditors, who contribute heavily to the Russian operations mentioned above.

In addition, Russian forex companies and classical brokers regulated by the Cyprus Securities and Exchange Commission (CySEC) are included. According to regulatory requirements, each of the above companies must submit an annual report. To do so, the companies need internal auditors and third-party auditors to audit the internal auditors.

For this reason, there is a high demand on the island for qualified Russian-speaking auditors. Such vacancies are regularly observed.

Compliance and AML

This typical profession is in demand in banks and investment companies.

AML (Anti-Money Laundering) is a specialist in anti-money laundering, who since the 1990s has been classified as an offshore and laundering specialist in Cyprus. Since 2004, when Cyprus joined the European Union, it has moved steadily to counter this negative impact on its reputation.

Compliance is a key element for regulated companies and is the right hand of the board of directors. Its main task is to ensure that the company operates within all the requirements set by European regulators. And because of the many requirements, this specialist is indispensable and highly paid. Moreover, without this expert, it is impossible to obtain most licenses in the financial sector.

The Securities and Exchange Commission pays special attention to the transparency of the source of funds. In the past, the recruitment of these experts could be managed remotely. In recent years, it has been strongly recommended that each firm employ a full-time compliance officer. As a result, the demand for these positions has increased significantly in recent years.

Back-office specialists

European regulators (ESMA) regularly introduce new requirements for trading transparency. And as the number of transactions increases year on year, so does the workload. Add to this the increasing complexity of documenting reports. If the company does not have an established back-office system, manual work is added.

We found that every investment firm should have at least one back-office employee. There are currently more than 200 such firms

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