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// Since 2004 EU-Member.
Cyprus
Cyprus
nearshoring
Cyprus joined the EU in 2004, together with 9 other countries, in a massive extension of the EU. Being far in the East and probably more associated with sunny holidays, Cyprus became a major hub for currency-related services in the EU and hosts some larger Multinationals. Cyprus has a highly educated workforce for technical job descriptions, whether Engineering or Software Development. Despite high demand, a hiring firm will almost certainly find the right candidate for any technical or IT-job role, having a workforce of more than 55,000 highly skilled Cypriot people alone. Furthermore, Cyprus is the gate to the Middle East, creating a wealth of opportunities. From Cyprus, we support our Customers with Greek ambitions. Through our expansive network, we can build up teams in no time. Hence, a Jurisdiction to recommend. Please see our Country Indicator down below.
// What you need to know
Cypus & Greece Country Facts
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Key facts
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For Customers
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For Startups
// What you need to know II
Cyprus & Greece Workforce Facts
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Large Technical Universities
Cyprus has 8 Universities and technical Universities with approx. 27,000 students, most of them with focus on IT-related jobs. This will almost grant a stable work environment with regard to highly skilled workforce for the Engineering and IT-sector.
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IT & Technical Students
Almost 60 % of school leavers intend to go to a University. A vast majority thereof joins technical fields such as Engineering or Programming, creating a stable flow into the local labour market.
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Highly Skilled in IT & Engineering
The number shown relates to a combined workforce in Cyprus and Greece, we consider as one playing field. Giving the strong ties of both countries, it results in the positive outcome, that recruiting for any project is possible – highly skilled, motivated and adaptable. Contact us for further information.
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Cost Savings
The Cypriot average wages are among the lowest in Europe (2,679 USD/2020). However, this doesn’t apply to the IT-sector. But even with reasonable wages, good savings are common.
// Considerations
Cyprus Country Indicator
Moving a Team from another Provider
Move your team to us to benefit from outstanding services.
Short-term Projects
Suitable for a team for short-term projects.
Extension of an existing Team
Increase the Power and Output of your Team.
Building-up a new Team
Excellent Jurisdiction. Low wages and good skilled workforce.
