Сyprus is the new global IT HUB

The Republic of Cyprus is rapidly emerging as a key hub for technological innovations and startups, attracting international investors.

In 2024, this trend is gaining momentum, making Cyprus an ideal location for entrepreneurs and IT professionals. The island is home to leading companies in regtech, cybersecurity, and the gaming industry, and the University of Nicosia has pioneered the first master’s program in blockchain and digital currency, accessible to global students.

Ranked 27th among 133 countries in the 2024 Global Innovation Index, Cyprus shows positive advancements in its innovative landscape, gaining international recognition for its efforts in technology and startups.

This growth is further supported by a favorable legal environment and tax incentives for IT companies, including the IP Box regime, which significantly reduces corporate tax from 12.5% to just 2.5%, making Cyprus highly attractive for businesses in intellectual property and innovation.