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The Scheme aims unemployment by providing incentives to employers to hire the unemployed. The incentives concern the subsidy of part of the salary cost of the person to be hired, persons who are out of employment at the date of employment and are registered as unemployed in the Public Employment Service (PES), before the date of their employment. Individuals must be citizens of the Republic of Cyprus, or third-country nationals, who are legally resident in the Republic and have free access to the labor market.

Subsidy: €8.600

For the first ten (10) months of employment and with an employer's obligation to maintain the employment of the employee for two (2) additional months without subsidy.

The Scheme aims to provide aid-sponsorships to companies to facilitate the recruitment of persons belonging to the target group, as defined in the Scheme, young people aged 15 to 29 years (29 years and 364 days), at the date of recruitment, who are out of employment, education or training and are registered as unemployed with the Public Employment Service (PES) before the date of their employment. Individuals must be citizens of the Republic of Cyprus, or third-country nationals, who are legally resident in the Republic and have free access to the labor market.

Subsidy: €8.600

For the first ten (10) months of employment and with an employer's obligation to maintain the employment of the employee for two (2) additional months without subsidy.

This regarding Scheme provides the opportunity to businesses to recruit unexperienced young graduates, through funding. The subsidy covers a percentage of the wage costs of the graduate and the trainer, as well as the cost of operating expenses of the training, for a period of six months.