Cyprus – A Growing Tech Hub within the EU

Sep 2, 2021

Cyprus as the ideal tech hub
to kick-start your business

Cyprus is now perceived as an ideal tech hub for a company to successfully kick-start its business.

The evolution from the holiday destination to a modern entrepreneurial hub ensued gradually, with the rise of several defining industries.

Therefore, it is set out to see great investments in innovation and tech development. Hence why, for a long time now, Cyprus has been the base to a growing number of international companies.

The tech island

At the beginning of this year, more than 100 tech companies have joined forces to showcase that Cyprus is an ideal place to live, work, and innovate.

Sustainable growth is indeed crucial should innovative tech companies define this decade. There’s a lot at stake, but if Cyprus will live up to its ambitious goals, the “tech island” can cement its position as a modern entrepreneurial hub conveniently connecting three continents.

Several factors contribute to why this country has so much to offer to the tech and business industry, including its geographical location, alongside its robust legal framework and business friendly environment.

For such a small island, Cyprus has an abundance of well-educated people. They are highly skilled, multilingual individuals with a passion for international business experiences. Therefore that makes them a highly talented workforce to be a part of.

Additionally, with the country’s favorable tax, IP regime and sophisticated infrastructure the possibilities are endless. Also the fact that it is compliant with EU and international laws and regulations, is what attracts people to the on-growing opportunities in this country. It offers numerous incentives that businesses can’t wait to get their hands on.