Cyprus is a good place for technology. Big companies are giving it lots of money. In 2024, new businesses in Cyprus got almost $100 million. This shows the island is growing well. Cyprus is the fastest growing startup area in Europe. This money means businesses are doing well. Plans to help new ideas are working.
Money is coming from America. This is because Cyprus is good at some things. It is strong in AI, money tech, and games. Investors from the US like new ideas. They look for good businesses away from big cities. Cyprus is in a good place. It also has good tax rules. The government helps talented people. This makes Cyprus a good choice. Many new business owners in Cyprus want big companies.
More new businesses are starting in Cyprus. The number of new businesses grew by 71%. This helped all businesses grow by over 28%. Cyprus is now in the top 40 tech places in the world. It moved up five places. Cyprus is also good at specific tech. It is second in the world for games. It is third for money tech. It is ninth for blockchain. This shows Cyprus is changing. It is a good place for new technology.