Grow your business in Cyprus

Business advice

If your company could benefit from a specific type of know-how – the technical knowledge to build a website, for example, or to introduce a quality management system that will meet ISO standards – then we can support a range of projects. These usually involve working with qualified local consultants and often last around four to six months.

This advice covers specialised areas of expertise including:

  • strategy
  • marketing
  • organisation
  • operations
  • technology
  • engineering solutions
  • quality management
  • financial management
  • energy efficiency and environment

To make your businesses more competitive, our experts draw on and apply the latest best practice and thinking in these areas.  We know each of our consultants 81 in Cyprus personally and they meet our rigorous standards. We work closely with them to deliver the highest quality advice for your business. Our aim is to build a strong, competitive market for business advice in each country that will thrive long after we’ve gone.

Thanks to our donors, we can share part of the costs of the advisory project with you. We currently cover the following proportion of the net cost of the project (applicable taxes are borne by the enterprise):

In the Greek Cypriot community

Size

Business advice provided by local consultants

Micro

(<10 employees and  <€2m turnover)

65%

Small

(<50 employees and <€10m turnover)

65%

Medium

(<250/500 and <€20m turnover)

65%

 

 

 

 

 

 

 

 

 

In the Turkish Cypriot community

Size

Business advice provided by local consultants

Micro

(<10 employees and  <€2m turnover)

75%

Small

(<50 employees and <€10m turnover)

75%

Medium

(<250/500 and <€20m turnover)

75%

 

Funding and results

We launched our advisory activities in Cyprus in 2015, and, to date, we have helped more than 86 enterprises access advice, thanks to funding from the European Union, the European Regional Development Fund and the EBRD Shareholder Special Fund. Our work in Cyprus is currently co-funded by the European Regional Development Fund.