5 Minute News

Incentives for Cypriots Working Abroad to Return Home

April 24, 2025

President Nikos Christodoulides announced new incentives for Cypriots working abroad to return home. The incentives include tax exemptions and improvements to housing plans, aiming to attract young citizens back to Cyprus. The government is working to shift from 'brain drain' to 'brain gain'. The first meeting for this strategy will take place in London, where the return incentives will be presented.