Cyprus offers unparalleled access to markets, a pro-business environment, tech-savvy talent, low operating costs, and a number of incentives, including a competitive IP regime. These are only a few of the reasons why Cyprus is one of the top headquartering jurisdictions.
Cyprus is home to a number of global ICT companies using the island as a hub for software development, system integration, testing services, disaster recovery, research & development activities, project management, and marketing & sales, while servicing clients in Europe, Middle East and North Africa, and beyond.
Cyprus is a particularly attractive location for Intellectual Property holding and Research and Development companies, offering an efficient tax rate as well as the legal protection afforded by EU Member States and by the signatories of all major IP treaties and protocols. 80% of the qualifying profits earned from qualifying intangible assets will be allowed as a tax-deductible expense, which can result in an effective tax rate of as low as 2.5%.
Cyprus is serious about encouraging Innovation, Startups and Entrepreneurship, by promoting research and innovation we aim to foster a creative, knowledge based society and a strong entrepreneurial spirit. Cyprus is developing a strong and rapidly growing startups and innovation ecosystem, supported by a highly educated and experienced human talent and a range of incentives which render Cyprus a perfect choice to start and scale companies. Low launching operating costs, an attractive IP box, and the introduction of the Startup Visa for third country nationals aim to attract international innovators and multinational talent while promoting collaboration and co-creation within the wider global startup community.