The Cyprus’ House of Representatives, at the end of 2016, approved the introduction of revised tax incentives for investment in innovative businesses. The tax incentives aim to support start-ups in developing innovative products and services and strengthen the Cypriot entrepreneurial ecosystem. The new incentives are effective from 1 January 2017. We can advise on the following tax incentives and how to incorporate them in your tax planning structures:

  • Tax incentive provided to qualifying investors
  • A qualifying investor
  • A risk-finance investment
  • Other requirements for follow-on investments to qualify for the deduction
  • The approved means of making a risk-finance investment
  • An innovative SME
  • The process for obtaining approval as a qualifying innovative SME

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