Funding Programs

Digital Upgrade of Businesses Enhancement Plan

• For current or new small and medium enterprises.

• Funding of 50% of the investment.

• Up to 60,000 EUR.

Youth's Entrepreneurship Enhancement Plan

• Eligible are unemployed and employees who wish to start a new business.

• Funding up to 70% of the initial investment.

• The scheme is not yet in application.

The government of Cyprus announces a number or grant schemes in partnership with the European Union. Some of the schemes accepts application only for a certain period, while other are open throughout the year.

Below you can find some of the schemes. For more available schemes and further information contact us.

Emplyment of Higher Education Graduates Plan

• Employee must be below 30 years old working in the company not more than two months at the application date.

• Gross minimum salary must be minimum 1,100 EUR.

Upgrade of traditional restaurants or retail of traditional food products

Participation of Small/Medium Enterprises in Exhibitions Abroad

• For licensed traditional restaurant/taverns or sale center of traditional products.

• Funding up to 75% of the expenditure. The expenditure refers to building renovations and improvements, furniture, equipment and more.

• Up to 5,000 EUR