Business Incentives - Cyprus Profile

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Business Incentives

The government has introduced a variety of incentives aimed at attracting investment in industries that will enhance the development and reconstruction of the economy. These incentives are intended to: encourage the development of new high-tech industries and skill-intensive products, reconstruct Cyprus’ traditional economic sectors, improve productivity and labour skills, and attract capital intensive foreign investment. The following

The government has introduced a variety of incentives aimed at attracting investment in industries that will enhance the development and reconstruction of the economy. These incentives are intended to: encourage the development of new high-tech industries and skill-intensive products, reconstruct Cyprus’ traditional economic sectors, improve productivity and labour skills, and attract capital intensive foreign investment.

The following incentives are available:

  • low taxation at 12.5% with zero tax on certain types of income
  • industrial free zone and exemption from customs and excise charges for operations in the industrial free zone
  • industrial training schemes
  • subsidised industrial estates
  • grants and other financial assistance to investors, particularly in the areas of energy, the environment, industrial development, technology, research and innovation, trade and services

September 2018

Cooperation Partners