Cyprus’ FinTech agenda broadly includes tax incentives for FinTech firms, the Startup Visa Scheme to attract & retain tech talent, the establishment of a €20 million fund to promote startups and innovative companies as well as the private sector’s support of innovative industries through accelerators, incubators, and Tech Sprints.
Cyprus ranks 54 in ease of doing business, and financial services is one of the fastest-growing sectors of the Cypriot economy. The Cyprus Securities and Exchange Commission (CySEC) governs activities and ensures financial regulations and operations comply with the European MiFID financial harmonized law. |
