𝗕𝗲𝘆𝗼𝗻𝗱 𝘁𝗵𝗲 𝗛𝗲𝗮𝗱𝗹𝗶𝗻𝗲𝘀!
Stockwatch recently brought to light that Cyprus has been ranked among the Top 5 European countries for expat entrepreneurs, according to the William Russell report on the Best European Countries to Start a Business as an Expat. William Russel regulated by the FCA (UK) and FSMA (Belgium) are trusted International Insurance providers for expats.
This recognition highlights Cyprus as an emerging innovation hub and a competitive investment destination for entrepreneurs seeking a business-friendly environment in the heart of the Mediterranean. The Cypriot economy, with 12.79 new companies per 1,000 employees, has demonstrated a high density of new businesses. Moreover, the first-year survival rate of business reflects stable conditions and resilience at an impressive 87.8%.
Advantages:
- Strategic location connecting Europe, the Middle East & Africa with seamless EU access.
- Increasingly attractive for digital nomads, entrepreneurs, and SME founders looking for relocation opportunities, perhaps for Cyprus Citizenship also.
Disadvantages:
- Smaller domestic market size compared to established hubs like the UK, Sweden, and the Netherlands.
- Limited venture capital funding (approx. $500k total).
Strategic Insights:
Cyprus is gaining recognition as a prestigious entrepreneurial ecosystem and a strategically advantageous base for startups, scale-ups, and global founders. With its pro-business policies, international connectivity, and Mediterranean lifestyle advantages, Cyprus is fast becoming one of Europe’s most attractive business relocation destinations.
Improvements need to be made however to address the ongoing challenges of doing business in Cyprus and venture capital availability in order to reach the more lucrative opportunities offered by other countries.
Should you require bespoke guidance on entrepreneurial relocation, investment opportunities, or market entry in Cyprus, call or email our team:
📞+357 22 622 262, 📧 info@paraschou.com.cy