Action Plan for attracting companies to Cyprus

The Cyprus government presented last Friday its new strategy to attract companies in the country, placing an emphasis on high-tech, research and innovation companies. The implementation of the strategy is expected to start from January 2022. This strategy involves the granting of various incentives related to High Technology, Shipping, Innovation, Research and Development, Biogenetics and Biotechnology, without excluding any other companies that choose Cyprus as their place of business, and its in line with the European Commission`s recommendations for digital evolution, green transition and innovation.

Please find the announcement in both English and Greek here