A shift is underway as more Cypriots are choosing to return home, drawn by improving career prospects, government incentives, and a growing demand for skilled professionals, particularly in technology and ICT.

Key Highlights:

• Cyprus is attracting skilled professionals, particularly in technology and energy sectors, as working conditions in countries like the UK decline.

• The government is actively supporting this “brain gain” initiative with incentives for returning professionals and their families.

• President to visit London in May to engage directly with Cypriot professionals abroad.

A Changing Job Market

For years, many Cypriots left in search of better salaries, career opportunities, and experience abroad. Now, a growing number are reconsidering, recognizing Cyprus as a viable career destination with expanding industries and business opportunities. Some are returning for employment, while others see a chance to build something innovative that could contribute to the local economy.

Low corporate taxes, especially in comparison to other eurozone nations, make Cyprus an attractive place for professionals and entrepreneurs alike. While the majority of returning Cypriots come from the UK, smaller numbers are also returning from the US and Africa, according to sources familiar with the initiative.

Government & Business Support

The government has made this initiative a priority, backing efforts to attract skilled workers with tax incentives and support packages. Business organizations and private companies are also involved, eager to tap into returning talent. However, experts stress that for the initiative to be successful, the government must ensure returning professionals receive realistic offers that meet their expectations.

Challenges such as bureaucracy remain a concern, and experts warn that if these issues are not addressed, returning professionals could become discouraged. Simplified administrative processes and strengthened incentives will be key to making Cyprus a competitive option for returning talent.

Looking Ahead

Last year, business organizations attempted to engage the Cypriot diaspora in London with career opportunities, but results were limited. The upcoming visit by the President aims to strengthen these efforts, but the true success of the initiative will depend on the concrete opportunities and benefits offered to potential returnees.

While the momentum is promising, careful planning and practical incentives will determine whether Cyprus can successfully bring back its skilled workforce and turn brain drain into brain gain.