Funding Scheme for Upgrading Hotels and Tourist Accommodations in Rural, Mountainous, and Remote Areas for the Modernization and Enhancement of the Competitiveness of the Tourism Product
Grant Amount: Up to €300,000 (de minimis) Additional support with a maximum amount of €500,000 for small and medium-sized enterprises, with a grant rate of 20% and 10%, respectively. Objectives of the Scheme The scheme aims to upgrade hotels and tourist accommodations in rural, mountainous, and remote areas to modernize and enhance the competitiveness […]
Funding Scheme for the Digital Transformation of Companies

Expected Call 1st quarter 2025 Check out the Infographic. Notes: The data below is based on the version of the guide in the last call (2023). The relevant data will be updated with the publication of the new notice and possible changes might occur. Completion of the preliminary questionnaire is a prerequisite for arranging a […]
Circular Economy Scheme for Small and Medium Enterprises
The Scheme aims to support existing and new small and medium-sized enterprises (SMEs) to strengthen new circular economy investments to make their products, production processes, and business practices more environmentally friendly. Specifically, the Scheme aims to enhance the degree of circularity of businesses, improve product design, promote innovation, provide consumers with innovative and longer-lasting products, […]
Scheme for Providing Incentives for the Employment of Young Graduates
This scheme offers businesses the opportunity to hire graduates, up to the age of 29, who hold a degree of 3 years or more and have been registered as unemployed for more than 6 consecutive months at the Public Employment Service Offices. The subsidy covers 80% of the employee’s salary cost, with a maximum amount […]
Scheme with Unemployed Individuals
This scheme offers businesses the opportunity to hire long-term unemployed individuals (registered for more than 6 consecutive months at the Employment Office) who have had permanent residence in the Republic of Cyprus for the last 5 years, with subsidies. The subsidy covers a percentage of the graduate’s salary, the trainer’s salary, and the operational expenses […]
Scheme for Employer Subsidies for Unemployed in the Hotel, Food Service, and Tourism Industry
This scheme aims to provide incentives for hiring individuals who were registered as unemployed at the Public Employment Service Offices on April 19, 2013 (excluding those hired between April 1st and 18th, 2013, who must have been registered as unemployed until their hiring date). Individuals under suspension by their employers in hotels are not included, […]
Vocational Education and Training Program for Newly Unemployed in the Hospitality Industry
Vocational Education and Training Program for Newly Unemployed in the Hospitality Industry The aim of the program is to provide vocational education and training to newly unemployed individuals without prior experience in the hospitality industry, with the goal of their employment in hotel units. Eligible Participants: (a) Unemployed individuals registered with the Public Employment Service […]
Scheme for Unemployed Young Graduates of Gymnasiums, Lyceums, Technical Schools, and Post-Secondary Education for up to Two Years for Gaining Work Experience in Businesses/Organizations
The Scheme aims to provide incentives for the employment of individuals who: Are registered as unemployed at the Public Employment Service Offices (PES). Are under 25 years of age at the deadline for application submission. Hold a Gymnasium, Lyceum, Technical School, or post-secondary education diploma of up to two years in duration. Graduates with tertiary […]
Scheme for Unemployed Young Graduates to Gain Work Experience in Businesses/Organizations
The Scheme aims to provide incentives for the employment of individuals who: a) Are under 35 years old and registered as unemployed at the Public Employment Service Offices. b) Hold a degree/tertiary education qualification of at least three years of study or a postgraduate qualification of at least one year of study. c) Do not […]
Internship Subsidy Scheme, combined with employment in Retail Trade businesses employing from 1 to 49 people
Concerns retail trade businesses employing from 1 to 49 people. Unemployed individuals receiving unemployment benefits for at least one month will benefit. These individuals will be placed in businesses for a one-month period for practical training purposes while receiving unemployment benefits. Employers hiring unemployed individuals will receive a subsidy amounting to 50% of the paid […]