“Juvenile and feminine business dexterity in Cyprus”

The juvenile and feminine business dexterity in Cyprus is a new innovation which it has imported by the Government of Cyprus via the Ministry of Trade and Industry and aims at as the aid, promotion and competitiveness of juvenile feminine of small and medium enterprises. The chalk-lines that have been committed have been in the frames of the operational program “Sustainable Growth and Competitiveness” and amount to be spent is sixteen (16) million Euros. This innovative program SGC   that has been announced by the MTI Ministry of Trade and Industry of Cyprus is expected to give the opportunity to create at least 1000 new jobs, thus it will contribute in the creation of new modern small to medium-sized competitive enterprises in the modern labor market which is altered and modernized continuously  in various ways. The creation of these juvenile small to medium-sized enterprises is considered to be the backbone of the Cyprus economy which constitutes simultaneously the founding of a robust economy. Moreover, this modern and innovative idea is identified with the creation of new entrepreneurships, innovation and hopefully prosperity, particularly in a period where it is infested from the world economic crisis and the increasing unemployment rate among the young people.

The application of drawing “juvenile and feminine business dexterity” constitutes a very effective tool that will allocate for the aid of business dexterity and small enterprises. If Cyprus really wants to come out of this economic and financial crisis, all human resources, women and young people must be used and all obstacles that that limit them to participate effectively in political and economic development should be eliminated. Innovative and non-bureaucratic procedures must be adopted that will encourage them to set up their own businesses. However in order to become this a reality it is necessary for prominent leaders in all fields, beyond education and the economy, to be able to establish the new Cyprus free from the anchorages and mistakes that led us to the current economic crisis."

To stress the importance of the role of the small businesses a spokesperson of the European Council in Cyprus mentioned that the small business account for 99% of all businesses and 58% of total turnover in the EU. As reported in the report of the EC by Austrian member of the European Parliament Paul Rübig,  23 million SMEs "are the backbone of the European economy". He also  added that the growth of these businesses is a crucial prerequisite for boosting Europe's competitiveness and attracting investments and productive units.

Referring, also to another report on the face of female poverty in the EU, it was said that women are more affected by poverty than men makes the program of “Juvenile and feminine business dexterity in Cyprus” very important for the Cyprus economy especially among the young female population. 

SGC- Sustainable Growth and Competitiveness

MTI Ministry of Trade and Industry of Cyprus

EU- European Union

EP-European Parliament

SMEs - Small Medium Enterprises

New start

Build a small company

Every beginning  it is difficult for our people to say, but because the beginning is 

the half of everything, it is important that everything that starts is put on the right bases. Especially when you start a new business, you have to start laying a foundation from the start so that your idea will bear fruit¹. Until the dream becomes reality, it takes effort, effort, but above all, will and passion. To convey your ideas, you first have to believe how you will do it and your new start will succeed.When you start something new it is natural not to know where to start. That's why it's best to put things in a row and follow some steps.

Why Invest In Cyprus

Foreign investors choose Cyprus!

Cyprus is one of the most attractive business destinations in the world due to its location, taxation systems and friendly legislation. It is located at the crossroads of three continents (Europe, Africa and Asia providing investors with the opportunity of easy access to and from each area. Also, due to the country’s membership in EU and the Economic and Monetary Union all foreign investors have to opportunity to access the EU market.

Entrepreneurial Skills

The Skills You Need to Build a Great Business

What makes someone a successful entrepreneur? It certainly helps to have strong technology skills or expertise in a key area, but these are not defining characteristics of entrepreneurship.

Instead, the key qualities are traits such as creativity, the ability to keep going in the face of hardship, and the social skills needed to build great teams.

If you want to start a business, it's essential to learn the specific skills that underpin these qualities. It's also important to develop entrepreneurial skills if you're in a job role where you're expected to develop a business, or "take things forward" more generally.

How to open business in Cyprus!

Many people turn to self-employment or start their own business when they start a new life abroad, although this can be very risky indeed in a foreign country.

If you’re thinking of doing this in Cyprus, you must do plenty of research into the country and its history, people, culture and of course business environment. In theory, now that Cyprus has joined the EU, other EU citizens can work as a self-employed person or start a business in Cyprus without restriction. For example, EU citizens are now able to start a business without needing a local Cypriot partner and there’s no minimum investment required.

Christmas Wishes

Dear readers! The coordinators from Belgium, Cyprus, Hungary, Italy, Portugal and Poland with their students would like to wish you all the best for the coming Christmas! We wish you the new 2016 to be filled with your dreams coming true, friends and health! 

All the best,

Project Coordinators

How to Start a Business in Cyprus New Business Start-Up Articles

If you are planning to start a business in Cyprus, you have come to the right place! There are many reasons to start a business in Cyprus, not least the proportionally low tax rate which currently stands at 12.5%.

1st teachers' meeting in Setubal, Portugal.

Teachers during the meeting

From 18th to 21st September the very first meeting of the project "On the road to entrepreneurship" took place. The participants that took part in this event were form the partner countries: Poland, Italy, Portugal, Hungary, Cyprus and Belgium. During the meeting the teachers managed to discuss important for the project aspects, such as: the dates of the meetings, the monitoring and the dissemination of the project, the importance of set goals, products and many more. The meeting started with enthusiasm and lots of joy towards the coming two years!