Setting up a business in Cyprus gives access to both an incredibly skilled local workforce and a wider European pool of talent. It also offers a series of programs that allow international professionals to easily relocate.
Businesses can easily operate in English and with approximately 1.121 billion people across the globe speaking English, businesses in Cyprus have access to a wider choice in employee selection, locally and internationally.
Food, climate and affordable costs of living give Cyprus one of the highest qualities of life in the world. With strong trading relationships with many countries across the globe, international residents still have excellent access to products from their native countries.
Starting and running a business in Cyprus reduces the costs of launching, giving you a longer runway and more flexibility. The money saved on starting and running costs means that more capital can be put into the growth and development of your business.
Lower labor costs
Office space & Business support
Cyprus has one of the lowest tax burdens in Europe and a highly competitive set of tax incentives for businesses and individuals.
Cyprus has an efficient regulatory structure for starting and running a business with strong protection for IP.
Setup & filing
Regulatory protections & legal system
Cyprus has a wide range of services to make starting and running a business stress free.
New tech companies can apply for a range of both national and European grants and incentives.
In 2008, Cyprus became a member of the Eurozone. As a member of the EU, companies in Cyprus have full access to the European market and EU trade agreements.