.jpeg)
Cyprus Courts Indian AI Firms as Gateway to EU Market
Invest Cyprus roundtable with President Christodoulides draws Indian tech executives, including HT Labs CEO, exploring EU expansion routes.
NEW DELHI: Cyprus is positioning itself as a launchpad for Indian artificial intelligence and media-technology firms entering the European Union, with President Nikos Christodoulides personally pitching the island nation's tax incentives and regulatory sandboxes to Indian enterprises at an investors' roundtable hosted by Invest Cyprus, the country's investment promotion agency.
The engagement, which featured executives from Indian technology companies including HT Labs — the innovation arm of HT Media Group — signals a sharpening of the India–Cyprus strategic partnership beyond traditional diplomacy into AI infrastructure, digital platforms, and intellectual property frameworks.
Tax incentives at the centre of the pitch
Demetris Skourides, Chief Scientist of the Republic of Cyprus, told participants that the country offers an effective tax rate as low as 3% on qualifying intellectual property income under its IP Box regime, along with a 120% deduction on eligible research and development expenditure, according to a statement issued by Invest Cyprus.