This Scheme provides enterprises the opportunity to hire long-term unemployed people (over 6 consecutive months of being registered as unemployed in the Public Service records), who permanently reside in the Repuiblic of Cyprus over the last 5 years, through funding. The subsidy covers a percentage of the wage costs of the graduate and the instructor as well as the operating expenses for training, for a period of up to three months.
Maximum amount €1200 per month.
Note: Employees who have already been employed in the company and may be included in the Scheme, should not receive any Social Insurances Benefits for more than two months.