Doing Business

Business Incentives

The government has introduced a variety of incentives aimed at attracting investment in industries that will enhance the development 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

For more information, contact Invest Cyprus.

All rights reserved. The material on this site may not be reproduced, distributed, transmitted, cached, or otherwise used, except with the prior written permission of CountryProfiler.

December 2020

Cooperation Partners
  • Logo for Cyprus International Businesses Association
  • Logo for Association of Cyprus Banks
  • Logo for Love Cyprus Deputy Ministry of Tourism
  • Logo for Ministry of Energy, Commerce, Industry and Tourism
  • Logo for Invest Cyprus
  • Logo for Cyprus Shipping Chamber
  • Logo for Cyprus Investment Funds Association
  • Logo for Cyprus Chamber of Commerce and Industry
  • Logo for CYFA Cyprus