Cyprus: A New Frontier for Crypto Startups?
Is Cyprus emerging as a major tech hub for crypto startups?
Yes, Cyprus has quickly become a leading destination for tech-focused companies, particularly in the crypto sector. Several factors contribute to its rise, including attractive tax incentives and a location that enables access to both European and Middle Eastern markets. The government has implemented supportive regulations aimed at fostering growth within the digital economy.
What attracts tech companies to Cyprus?
Cyprus stands out due to its low corporate tax rate of 12.5% and the presence of an IP Box regime that applies a mere 2.5% tax on income derived from intellectual property. This financial landscape is appealing to startups seeking a less burdensome fiscal…
