In recent years, a growing number of iGaming companies have made the strategic decision to relocate their operations from Malta to Cyprus. While Malta has long been a leading hub for iGaming, Cyprus is quickly becoming a preferred destination for businesses in the sector. The move can be attributed to several key factors, including a favorable tax environment, regulatory changes, and Cyprus’ growing appeal as a business-friendly location.
1. Attractive Tax Advantages
Cyprus offers one of the lowest corporate tax rates in the European Union at just 12.5%, making it a highly attractive destination for iGaming companies looking to optimize their tax obligations. In addition, the country’s business incentives, including a favorable tax regime for intellectual property and research, help companies keep their costs low while maximizing profitability.
2. Regulatory Flexibility
Over the years, Malta’s regulatory framework for iGaming has become increasingly stringent, with rising operational costs and compliance requirements. In contrast, Cyprus offers a more flexible and business-friendly environment, while still adhering to European Union standards. This shift in regulatory focus allows iGaming companies to operate more efficiently, with less administrative burden.
3. Strategic Location and Access to Key Markets
Cyprus’ strategic location at the crossroads of Europe, the Middle East, and North Africa offers iGaming companies unparalleled access to key regional markets. As a member of the European Union, Cyprus provides businesses with the ability to trade and operate freely within the EU while also benefiting from its proximity to emerging markets outside Europe.
4. Quality of Life and Business Infrastructure
In addition to its business-friendly environment, Cyprus also boasts a high quality of life, with a lower cost of living compared to Malta. The island’s modern infrastructure, beautiful landscapes, and Mediterranean climate make it an attractive option for employees, helping businesses in the iGaming industry to retain top talent.
5. Post-Brexit Considerations
The impact of Brexit has left many UK-based iGaming companies searching for alternative EU jurisdictions. Cyprus, with its EU membership and competitive advantages, has become an ideal relocation destination for businesses looking to maintain access to European markets without the complications of post-Brexit regulations.
Emerald Zebra’s Expert Recruitment Services for the iGaming Sector
At Emerald Zebra, we understand the growing need for recruitment expertise. As recruitment professionals based in Cyprus, we bring years of experience, local knowledge, networks and talent pools, as well as expertise when hiring in the iGaming industry. We help iGaming businesses find the right talent to drive their operations forward.
Our leadership, experience, and long-standing presence in the Cypriot market enable us to provide a highly credible level of service. Whether you are an iGaming company looking to expand into Cyprus, or a local company seeking to grow, we are here to provide expert support every step of the way.
Why Choose Emerald Zebra?
- Decades of Industry Experience
- Local Knowledge
- Commitment to High Quality Service
Ready to start the team set up in Cyprus? Contact Emerald Zebra Today!
If you’re considering relocating or expanding your iGaming company to Cyprus, Emerald Zebra is here to help you find the right talent and team set up for a smooth transition.
