The country has recently launched a new venture capital fund, 33East, which has secured a first close of €26 million to support early-stage startups linked to Cyprus.
Cyprus stands out as an attractive destination for entrepreneurs, boasting a high quality of life, modern infrastructure, and a family-friendly environment.
Strategically located at the crossroads of Europe, Asia, and Africa, Cyprus enhances its appeal for business opportunities.
Key investors in this fund include the European Investment Fund, the Government of Cyprus, the National Recovery and Resilience Fund, and the Bank of Cyprus.
Invest Cyprus plays a crucial role in supporting local businesses by helping them navigate regulations and connect with authorities.
As part of its Vision for 2035, Cyprus is focusing on green transition, digital transformation, research, innovation, and entrepreneurship.
Networking opportunities abound through various startup events, hackathons, and accelerators such as Cyprus Seeds and TechIsland.
With over 800 tech companies, cities like Limassol and Nicosia are emerging as significant startup hubs.
Healthtech, life sciences, and biotech are becoming key investment areas, driven by Cyprus' advanced healthcare system and the growing demand for digital health solutions.
The introduction of the Digital Nomad Visa in 2021 has attracted global talent, allowing non-EU citizens to live and work in Cyprus for extended periods.
The country's competitive tax regime, featuring a corporate tax rate of 12.5% and an IP box regime, further attracts entrepreneurs.
Marios Tannousis, CEO of Invest Cyprus, emphasizes the nation's goal to be one of the best places to live and do business by 2035.
