Cyprus' emergence as an emerging hub for technology, innovation and start-ups was at the center of discussion at Cyprus– India Business and Investment Summit in Mumbai, through the panel titled 'Cyprus: A Rising Technology, Start Up and Innovation Hub'.
The discussion was moderated by IMH CEO, George Michael, while the panel included Aris Damianou, Director of Tax and Financial Reporting, C Business Advisors, and Tanya Romanyukha, General Manager of TechIsland.
The speakers highlighted Cyprus' steady progress as an established and rapidly developing technology hub within the European Union, with particular emphasis on the dynamics of the ICT sector, which is recording continuous growth and an increasing contribution to GDP.
Particular reference was made to the growing ecosystem of start-ups, the strengthening of research and development (R&D), as well as the digitalization and innovation policies adopted by the country to attract technology investments.
At the same time, Cyprus' competitive advantages were highlighted, such as the intellectual property regime (IP regime ) and the specialized incentives offered to technology and innovation companies, which make the country an attractive base for international businesses.
As emphasised, the combination of a European framework, tax incentives, human talent and quality of life strengthens Cyprus' position as a destination for internationally oriented technology companies.
The Conference was held in collaboration with Invest Cyprus.
Sponsors: Bank of Cyprus, Frangos Law / Bybloserve Management, Eurobank, Chrysostomides Advocates and Legal Consultants / C Business Advisors, KPMG, L Papaphilippou & Co LLC Advocates and Legal Consultants, Marfields , Nobel Trust / Ioannides Demetriou, PwC, Scordis Papapetrou & Co, K. Treppides & Co Ltd
Exhibitors: Aristo Developers, Christabel Corporate Services, Cyproman Services Limited, Cyprus Fiduciary Association
Supporter: TechIsland
Sponsors Communication: CBN, Gold, INBusiness
Organiser: IMH
(Source: InBusinessNews)
