Cyprus launches new incentive scheme to attract high tech companies


An incentive scheme will be launched in the coming months to attract high tech companies to Cyprus, President Nicos Anastasiades announced recently, at the 9th Annual Cyprus International Investment Awards. The scheme will facilitate the establishment and hiring of employees as well as offer tax incentives and expedited licensing procedures.

The attractive scheme will complement other initiatives undertaken recently, such as the introduction of an employment route for skilled third country nationals specialising in the Information and Communications Sector, as well as the establishment of a Fast-Track Business Activation Mechanism aiming to simplify the services offered by the public sector to businesses wishing to establish presence in Cyprus.