How can I get funding for my business in Cyprus?

To seek funding you should prepare a fully detailed business plan showing strategic and development potential and projected income, be able to partially finance the initiative yourself, and provide collateral in liquid or illiquid assets for bank loans. The Research and Innovation Foundation (RIF) is the main body financing business research and its grants cover up to 85% of the invested capital, awarded on eligibility and qualitative criteria, with programmes at research.org.cy. Other support comes from the Industry and Technology Service of the Ministry of Energy, Commerce and Industry, the Ministry of Agriculture and the Cyprus Agricultural Payments Organisation for the primary sector, and Cypriot banks for debt financing. Relevant incentives include the 12.5% corporate tax rate and a 50% exemption on annual employment income of €55,000 and above for foreign nationals, subject to conditions, and the Deputy Ministry of Research, Innovation and Digital Policy approves Certified Innovative Businesses. Because schemes and criteria change, treat the official businessincyprus.gov.cy page as authoritative.