Funding Scheme for the Digital Transformation of Companies

Σχέδιο Ψηφιακής Αναβάθμισης των Επιχειρήσεων 2024

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 […]

Funding Scheme for Upgrading Restaurants and Tavernas or Traditional Food Product Sales Establishments, including those that are part of or wish to join the “Taste of Cyprus” Gastronomy Agreement.

The objective of the scheme is to upgrade the services provided, improve the aesthetic appearance of Recreational Centers/Establishments, strengthen Cypriot hospitality, develop gastronomy and culinary tourism, as well as enhance the modern and effective operation of Recreational Centers/Establishments. The scheme targets entrepreneurs who operate Restaurants, Tavernas and Traditional Food Product Sales Establishments located in mountainous, […]

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.

The objective of the scheme is to upgrade hotels and tourist accommodations in rural, mountainous, and remote areas, aiming at modernizing and improving the competitiveness of the tourism product. The scheme targets entrepreneurs who manage hotels or tourist accommodations located in mountainous, frontier, and remote areas, as well as rural areas and the villages of […]

Scheme for Strengthening Laboraty Infrastructure in Cyprus

The scheme is addressed to enterprises of all capacities, that had, are, or will carry out expenditures for the creation or the expansion of laboratories for control/testing/analysis of products and calibration of equipment/tests for running tests, which operate as separate legal entities or manufacturing units. The following cases are excluded: Enterprises which are active in […]

“Strengthening of Human Resource Development Systems and Infrastructure” Scheme

The strengthening of an enterprises’ training infrastructure (conference rooms), designed to meet the training needs of the workforce (employees of the enterprise), in sectors, occupations or areas of priority for the enterprise. At the same time, the company may use the room for any business activities, but an important condition is for the room to […]

Grant Scheme for Investments in the Enrichment and Upgrading of Tourism Products for Lengthening the Tourist Season Grant Scheme for Investments in the Enrichment and Upgrading of Tourism Products for Lengthening the Tourist Season

This project seeks to improve the competitiveness of the hotel and similar tourist of the country, by encouraging and supporting investments and interventions aimed at mitigating the limitations of tourism development, such as the seasonality tourist and the one-dimensional Tourism product. It refers to existing enterprises that are registered under the Cyprus Tourism Organization (CTO). The Scheme aims […]

Replacing low productivity jobs to higher productivity jobs

The scheme aims to improve labor productivity by moving from lower to higher productivity levels, with the provision of subsidies to companies for designing, editing, compiling and implementing their business plans. Specifically, the scheme may provide the granting of subsidies of 75% of the market costs for advisory services, training and purchasing of new software, […]

Schemes for established businesses Closed Scheme for Providing Funds to SMEs for the promotion of Agritourism in the Countryside Scheme for Providing Funds to SMEs for the promotion of Agritourism in the Countryside

The objective of this Scheme is to provide incentives in the form of government funds, to legal entities (companies) who wish to operate in the sector of Agritourism. Funding Sum: 50% on eligible costs to a maximum of €200.000, either for the original investment or not. For the use of exclusive activities relating to enrichment, the funding amount […]

Scheme for Transferring Microenterprises to Appropriate Designated Areas

The aim of this scheme is to provide fundings to existing businesses with a labour force of less than 10 people and an annual cycle of € 2 million, engaged in manufacturing activities or other intrusive activities, to move from non-licensed or unsuitable premises to more private areas within specific regions. The ultimate purpose of the […]