// Since 2004 EU-Member.

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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Cyprus & (Greece) Key Facts:
- 1.2 Mill. (10.72 Mill.) Inhabitants (2020)
- Languages English, Greek, Russian
- ICT Development Index Rank 28 (2017)
- approx. 50 % of Population with higher Education (Bachelor & Master)
- IT workforce 150-170 thousands

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Key facts

Key facts
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- EU-Membership and EU-Access
- EU-Recruitment possible
- Short Travel Distances
- Gate to the Middle-East

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For Customers

For Customers
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- Project Hiring for smaller Budgets
- Short-Term Projects
- Developers on-demand
- Focus on Greek Market

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For Startups

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.

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