The Government of the Republic of Cyprus has developed a national strategy to promote business and investments in the Information and Communications Technology (ICT) sector.

Part of the reform was the establishment of a Deputy Ministry of Research, Innovation and Digital Policy with a vision to transform Cyprus as a dynamic and competitive economy, driven by research, scientific excellence, innovation, technological development and entrepreneurship, and a regional hub in these fundamental areas.

A number of multinational ICT companies, including NCR, Wargaming, Amdocs and 3CX have long establishments through the operation of regional headquarters in Cyprus, while the world’s most valuable tech brands, such as Microsoft, Oracle, IBM and SAP have presence in the island for some decades.

Cyprus has the privileges and characteristics to become an international technology hub and attract high-tech companies starting their operations and scaling-up. The country offers a vast array of incentives which include, amongst many others, the following:

Tax incentives for innovating companies and start-ups
• Start-up visas for third country nationals
• An competitive and compliant IP Tax Box Regime
• Protection of IP rights
• Low cost for setting up and running a business
• Highly skilled professional and ICT workforce
• Strong ICT and innovation ecosystem



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