About Cyprus

Are you looking for a job in Cyprus?

Cyprus, with its vibrant job market and attractive opportunities, has become a sought-after destination for professionals from around the world. The job market in Cyprus is diverse, with several sectors experiencing significant growth. The finance and fintech sector, particularly in Limassol, is a hub for regulated financial service organisations, including a major hub for forex and CFD trading companies, stock trading, Cyprus Investment Firms (CIF's), digital banks and neo banks, payment institutions (EMI's), investment funds (UCITS) (AIFs), wealth management, insurance, regtech, corporate services, legal and financial consulting and financial technology. All creating demand for professionals in finance and accounting, risk management, compliance and AML, tech and engineering and sales and marketing to name a few.

The information technology sector is also thriving, with a growing tech hub of tech start ups, international tech headquarters, local and international software organizations. There are more than 10,000 people employed in the IT sector in Cyprus from software developers to cybersecurity specialists and everything in between. 

The iGaming and gaming sector in Cyprus has experienced significant growth and development in recent years, establishing the country as an emerging hub in the global gaming industry with a robust regulatory framework for iGaming and gaming activities. 

More than 1,200 international companies have relocated to Cyprus since 2022 and continue to do so, including multinationals. Placing Cyprus firmly on the map as a growing regional and international headquartering location. Among which, the Cyprus fintech sector has more than 250 fintech organizations operating in Cyprus across payments, crypto trading platforms, crypto exchanges, regtech and asset management. There are a numerous block-chain start-ups too, as well as many central bank regulated electronic money institutions (EMI's). In the finance sector, there are more than 40 Forex and CFD Trading organizations operating in Cyprus, including major global players and major trading platforms that are headquartered in Cyprus too, all creating career opportunities!

All cities in Cyprus are located within an hour’s drive from Limassol. Nicosia is the capital; but Limassol is the most diverse city, having a large international community of expatriates.

Limassol has a chic vibe all of its own, with its luxury 5 star hotels, beautiful blue-flag beaches, quayside restaurants, marinas and nightlife. Families can cycle, roller skate and have fun in peace and safety. 
 
Nicosia is home to many government offices, banking HQ’s and professional service providers such as lawyers, accountants and investment advisors. Nicosia is not coastal, unlike Limassol, therefore it doesn’t have the ‘riviera style’ charm of attracting businesses internationally. Nicosia is slightly less diverse in comparison to the other coastal cities such as Larnaca and Paphos with their rich culture and history. 
 
Paphos, with the establishment and operation of its Research, Technology, and Innovation Center, solidifies its position as a regional hub of innovation and business excellence.
 
Larnaca, has the longest coastline in Cyprus, stretching 75 kilometres, and is the third-largest city complete with an airport, port, and marina.

Why Cyprus

Connectivity

Cyprus’ digital infrastructure offers high speed reliable connectivity; the country’s semi-government owned telecommunications company has developed an extensive submarine fibre-optic cable network linking Cyprus with neighbouring countries such as Greece, Israel, Syria, Lebanon, Egypt and, by extension, with the rest of the world. 
 
Cyprus has also developed an equally impressive satellite earth station infrastructure, which has justifiably earned a place for Cyprus as a regional telecommunications hub, together with the development of broadband and quadruple play services. 

Talent

The country’s population of around 1.2 million people, around 80% of whom speak English as a second language, are known for their sophistication and high standards of education. Cyprus has the highest percentage of citizens of working age who have higher-level education in the EU at 30%. In addition, 47% of the population aged 25–34 have tertiary education, which is the highest percentage in the EU. Cyprus’ service providers and local talent are generally graduates of the most prestigious British, European and US Universities.

Financial Sector

The regulator CySEC currently supervises 838 entities out of which 250 are Investment Firms (2023), compared to 248 in 2022 and 243 in 2021.

From these, 159 firms provide forex products (CFDs) for retail investors and 90 firms offer traditional products.

These CIFs are further supported by an array of other firms and service providers, which raises the official number significantly and makes the financial services industry in the country sizeable and important for the economy.

Tech Sector

Cyprus is a destination for global talent and innovative companies, according to the Cyprus Tech Ecosystem Map, there are currently 860 startups and scaleups in Cyprus with Fintech being the largest sector in the Cyprus ecosystem (with 194 companies). Source: thetechisland.org  

According to the Cyprus Tech Ecosystem Map, there are currently 860 startups and scaleups in Cyprus with Fintech being the largest sector in the Cyprus ecosystem (with 194 companies.) The Cyprus government in October 2021 announced new incentives for the attraction of talent to Cyprus, facilitation of work permits for talent for 3rd country nationals and incentives for businesses. These measures are currently in play.

Cyprus Tech Hub and Financial Centre in Europe

You can join thousands of people who have relocated here to Cyprus, the crossroads of Europe and Asia, with its modern thriving infrastructure of Telecoms, Information Technology, airports and shipping. For further information here are some useful links on living and working in Cyprus, setting up or relocating a company to Cyprus, connectivity, taxation, strategy for attracting business, strategy for attracting talent, cyprus work permits, Tech events (Reflect Fest), Forex & FinTech events and salary information. 

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