EU Programmes - Subsidies

2022 EU/ CYPRUS FUNDING SCHEMES FOR CYPRUS BUSINESSES AND FAMILIES

Our team of advisors specialises in assisting companies and businesses in getting access to various funding programs available. There are two main categories of such programs:

• EU funding programs
• Local, Cyprus funding program

Both categories offer a great opportunity to push businesses through:

• Obtaining capital
• Obtaining funding's for personnel costs
• Obtaining funding's for the acquisition of industrial equipment

1. PRODUCTION AND AGRICULTURE BUSINESSES

• Expected open date: 24.02.2022 with a budget of Euro 25 million
• Read the press release (Greek language)
• Read the guide (Greek language)
• Creation, Modernization, and Digital Upgrading of Agricultural Products Processing and/or Marketing Units    Valid until 24/6/2022

2.  CYPRUS BUSINESSES OF ALL SIZES

• Energy transformation (Expected, budget Euro 40 million)

• Digital transformation  (Expected, budget Euro 10 - 20 million)

• Circular economy (Expected, budget Euro 13,3 million)
• Protection of Trademarks, Industrial Designs, and Patents by Small and Medium Enterprises.  Available & Valid until 20/12/2022
• Funding for the employment of people with disabilities.  Available now
• Funding for the employment of ex-prisoners. Available now
• Funding for the employment of people with chronic pain disorders. Available now
• Funding for the employment of unemployed people (more than 6 months unemployed). Available now

3. LARGE CYPRUS COMPANIES​

• Production industry  (Expected, budget Euro 40 million)

4. SMALL CYPRUS COMPANIES

• Subsidy for the receipt of advisory services (Expected, budget Euro 5 million)

5. PHYSICAL PERSONS (housing repairs, purchase of electrical equipment, etc)

• Photovoltaic installations
• Roofing thermal installation
• Photovoltaic installation for a charge of electric vehicle
• Energy efficient housing  Available & Valid until 20/12/2022

The process of getting access to these program is fairly standardised as illustrated below:

a) Express interest to our team of professionals

b) We Examine the available funding options at the time (funding solutions both EU and local, vary from time to time)

c) We ensure you can apply for such solutions

d) We undertake the entire process and prepare what is considered necessary for each program

e) We liaise with the various stakeholders and your businesses for query or documentation submission through out the process

f) We obtain the funding solution on your behalf

*The programs mentioned above on this page are updated on a regular basis, however are only available until the funds are exhausted.. 

Send us your inquiry to check which program is available and if you are eligible at kt@cyprusaccountants.com.cy or call us at + 357 22 336 321