Cypriots living in London will meet President Nikos Christodoulides next week, where he will promote a strategy called 'Brain Gain' that seeks to lure skilled professionals back to Cyprus with generous tax incentives, educational assistance, housing support, and free healthcare. The government aims to attract tech experts and entrepreneurs to boost the island's economy, particularly in the growing ICT sector. With projected economic growth of 3.4% this year, Cyprus is positioning itself as a strong competitor in attracting talent and investment.
President Christodoulides aims to attract Cypriots in London with tax incentives, education, housing, and healthcare support to support Cyprus's growing economy.
The new initiative, termed 'Brain Gain', will provide tax exemptions for returning professionals and aims to bolster skilled professionals in the ICT sector.
Cyprus's economy growth of 3.4% is bolstered by tech and foreign investment, positioning it to compete robustly as a burgeoning hub for talent.
The government emphasizes the transition from brain drain to brain gain to expand the productive capacity of the Cypriot economy through skilled repatriation.
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