💰 Cyprus launches Minds in Cyprus campaign to attract skilled professionals home amid labour shortages
The Cypriot government has placed repatriation of skilled professionals at the center of its economic strategy, launching the Minds in Cyprus initiative in May 2025. This program aims to reverse the long-standing brain drain by reconnecting with highly skilled Cypriots abroad, particularly targeting STEM careers and the growing tech sector. As of March 2026, 233 matches between candidates and vacancies have been made via the platform, although there is no systematic tracking of employment outcomes.
The initiative offers incentives including a 25% income tax exemption capped at €25,000 annually and has facilitated connections through job matching, relocation guidance, and links with employers. However, challenges remain as Cyprus struggles with salary competitiveness and limited career advancement opportunities compared to larger European markets. Experts emphasize that tax breaks alone are insufficient, urging the development of a dynamic business environment to attract major technology firms and enable meaningful career growth.
While interest in Minds in Cyprus has been significant, officials acknowledge that the program's success depends on broader economic transformation and creating realistic prospects for professionals to return and thrive. The government continues to promote the initiative internationally, including upcoming presentations in Birmingham and London, as part of a wider effort to turn brain drain into brain gain.
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