Mark Horner

The SME Market in Cyprus

What is a Small to Medium Enterprise in Cyprus?

Small and medium enterprises (SMEs) are businesses that maintain revenues, assets or a number of employees between certain thresholds. Each country has its own definition of what constitutes a small and medium-sized enterprise (SME). Certain size criteria must be met and occasionally the industry in which the company operates in is taken into account as well.

SMEs in Europe are defined as having a Staff head-count of between 10 and 250 employees, or a sales turnover (revenue) of between €2 m EUR and €50 m EUR, or a Balance sheet total of between €2 m EUR and €43 m EUR (assets).

Small and medium-sized enterprises (SMEs) are the backbone of Europe's economy. They represent 99% of all businesses in the EU. They employ around 100 million people, account for more than half of Europe’s GDP and play a key role in adding value in every sector of the economy. SMEs bring innovative solutions to challenges like climate change, resource efficiency and social cohesion and help spread this innovation throughout Europe’s regions. They are therefore central to the EU’s twin transitions to a sustainable and digital economy. They are essential to Europe’s competitiveness and prosperity, industrial ecosystems, economic and technological sovereignty, and resilience to external shocks. 

  🇨🇾 EUR [1.1702 GBP]    Asia/Famagusta   Asia/Nicosia
The  SME Market in Cyprus
Image: Tom1955

How big is the SME Market in Cyprus?

Small and medium-size enterprises play a hugely important role in the economy of Cyprus. They outnumber large firms considerably, employ vast numbers of people and are entrepreneurial in nature, helping to shape innovation and support local communities.

Cyprus has a population of over 1,210,996 people.

What help is available for SMEs in Cyprus?

Help for small and medium enterprises (SMEs) includes virtual peer-to-peer advisory boards. With our blended model utilising Zoom and supplemented by in person meetings we are able to support and grow businesses anywhere in the world. Our growing network of Regional Directors ensure that we have suitable people to help you whatever your language or time zone.

Entrepreneurship and SMEs

Europe

Help for small and medium enterprises (SMEs) includes virtual peer-to-peer advisory boards. With our blended model utilising Zoom and supplemented by in person meetings we are able to support and grow businesses anywhere in the world. Our growing network of Regional Directors ensure that we have suitable people to help you whatever your language or time zone.


Cyprus has links with Albania
🇨🇾 Larnaca🇦🇱 Sarandë    
Cyprus has links with Australia
🇨🇾 Larnaca🇦🇺 Marrickville    
Cyprus has links with Azerbaijan
🇨🇾 Akanthou🇦🇿 Sumqayit     🇨🇾 Agios Sergios🇦🇿 Zabrat     🇨🇾 Agios Epiktitos🇦🇿 Zabrat    
Cyprus has links with Bulgaria
🇨🇾 Agros🇧🇬 Tryavna    
Cyprus has links with Belarus
🇨🇾 Ayia Napa🇧🇾 Minsk    
Cyprus has links with China
🇨🇾 Paphos🇨🇳 Liyang     🇨🇾 Limassol🇨🇳 Nanjing     🇨🇾 Nicosia🇨🇳 Shanghai     🇨🇾 Larnaca🇨🇳 Tianjin    
Cyprus has links with Czech Republic
🇨🇾 Pano Lefkara🇨🇿 Starý Poddvorov     🇨🇾 Agros🇨🇿 Sušice    
Cyprus has links with Germany
🇨🇾 Agros🇩🇪 Bad Kötzting     🇨🇾 Limassol🇩🇪 Bergisch Gladbach     🇨🇾 Limassol🇩🇪 Niederkassel     🇨🇾 Nicosia🇩🇪 Schwerin    
Cyprus has links with Denmark
🇨🇾 Agros🇩🇰 Holstebro    
Cyprus has links with Estonia
🇨🇾 Agros🇪🇪 Türi    
Cyprus has links with Egypt
🇨🇾 Limassol🇪🇬 Alexandria     🇨🇾 Paphos🇪🇬 Alexandria    
Cyprus has links with England
🇨🇾 Morphou🇨🇾 Larnaca🏴󠁧󠁢󠁥󠁮󠁧󠁿 Harringay    
Cyprus has links with Finland
🇨🇾 Agros🇫🇮 Asikkala    
Cyprus has links with France
🇨🇾 Larnaca🇫🇷 Ajaccio     🇨🇾 Dali🇫🇷 Combs-la-Ville     🇨🇾 Agros🇫🇷 Granville     🇨🇾 Pano Lefkara🇫🇷 Lusignan     🇨🇾 Limassol🇫🇷 Marseille     🇨🇾 Morphou🇫🇷 Saint-Cyr-sur-Loire    
Cyprus has links with Georgia
🇨🇾 Paphos🇬🇪 Batumi     🇨🇾 Larnaca🇬🇪 Poti    
Cyprus has links with Greece
🇨🇾 Kythrea🇬🇷 Aigaleo     🇨🇾 Lakatamia🇬🇷 Alexandroupolis     🇨🇾 Episkopi🇬🇷 Argos     🇨🇾 Famagusta🇬🇷 Athens     🇨🇾 Nicosia🇬🇷 Athens     🇨🇾 Paphos🇬🇷 Chania     🇨🇾 Famagusta🇬🇷 Corfu     🇨🇾 Asha🇬🇷 Corfu     🇨🇾 Tremetousia🇬🇷 Corfu     🇨🇾 Paphos🇬🇷 Corfu     🇨🇾 Larnaca🇬🇷 Galaxidi     🇨🇾 Larnaca🇬🇷 Giannitsa     🇨🇾 Larnaca🇬🇷 Glyfada     🇨🇾 Limassol🇬🇷 Heraklion     🇨🇾 Larnaca🇬🇷 Ilioupoli     🇨🇾 Ayia Napa🇬🇷 Ioannina     🇨🇾 Limassol🇬🇷 Ioannina     🇨🇾 Paphos🇬🇷 Kalamaria     🇨🇾 Aglandjia🇬🇷 Kalamata     🇨🇾 Lakatamia🇬🇷 Kalymnos     🇨🇾 Pano Lefkara🇬🇷 Kolindros     🇨🇾 Paphos🇬🇷 Lamia     🇨🇾 Larnaca🇬🇷 Larissa     🇨🇾 Larnaca🇬🇷 Leros     🇨🇾 Lakatamia🇬🇷 Marousi     🇨🇾 Famagusta🇬🇷 Missolonghi     🇨🇾 Morphou🇬🇷 Missolonghi     🇨🇾 Paphos🇬🇷 Mytilene     🇨🇾 Famagusta🇬🇷 Patras     🇨🇾 Limassol🇬🇷 Patras     🇨🇾 Strovolos🇬🇷 Pefki     🇨🇾 Larnaca🇬🇷 Piraeus     🇨🇾 Paphos🇬🇷 Preveza     🇨🇾 Pano Lefkara🇬🇷 Rafina     🇨🇾 Ayia Napa🇬🇷 Rethymno     🇨🇾 Limassol🇬🇷 Rhodes     🇨🇾 Famagusta🇬🇷 Salamina     🇨🇾 Ayia Napa🇬🇷 Serres     🇨🇾 Lapithos🇬🇷 Sparta     🇨🇾 Morphou🇬🇷 Sparta     🇨🇾 Limassol🇬🇷 Thessaloniki     🇨🇾 Strovolos🇬🇷 Veroia     🇨🇾 Limassol🇬🇷 Zakynthos     🇨🇾 Aglandjia🇬🇷 Zografou    
Cyprus has links with Hungary
🇨🇾 Agros🇭🇺 Kőszeg     🇨🇾 Larnaca🇭🇺 Szeged    
Cyprus has links with Ireland
🇨🇾 Agros🇮🇪 Bundoran    
Cyprus has links with Israel
🇨🇾 Limassol🇮🇱 Haifa     🇨🇾 Paphos🇮🇱 Herzliya    
Cyprus has links with Iran
🇨🇾 Nicosia🇮🇷 Shiraz    
Cyprus has links with Italy
🇨🇾 Paphos🇮🇹 Anzio     🇨🇾 Agros🇮🇹 Bellagio     🇨🇾 Paphos🇮🇹 Florence     🇨🇾 Strovolos🇮🇹 Teramo     🇨🇾 Aglandjia🇮🇹 Teramo     🇨🇾 Larnaca🇮🇹 Venice    
Cyprus has links with Lebanon
🇨🇾 Ayia Napa🇱🇧 Byblos     🇨🇾 Larnaca🇱🇧 Tripoli    
Cyprus has links with Lithuania
🇨🇾 Agros🇱🇹 Prienai     🇨🇾 Agros🇱🇹 Rokiškis     🇨🇾 Pano Lefkara🇱🇹 Žagarė    
Cyprus has links with Luxembourg
🇨🇾 Agros🇱🇺 Niederanven     🇨🇾 Pano Lefkara🇱🇺 Troisvierges    
Cyprus has links with Latvia
🇨🇾 Pano Lefkara🇱🇻 Kandava     🇨🇾 Agros🇱🇻 Sigulda    
Cyprus has links with Moldova
🇨🇾 North Nicosia🇲🇩 Comrat     🇨🇾 Tatlısu🇲🇩 Comrat    
Cyprus has links with Montenegro
🇨🇾 Larnaca🇲🇪 Cetinje    
Cyprus has links with North Macedonia
🇨🇾 North Nicosia🇲🇰 Aračinovo     🇨🇾 North Nicosia🇲🇰 Karbinci     🇨🇾 Lapithos🇲🇰 Karpoš     🇨🇾 Famagusta🇲🇰 Struga    
Cyprus has links with Malta
🇨🇾 Ayia Napa🇲🇹 Mellieħa    
Cyprus has links with Mexico
🇨🇾 Larnaca🇲🇽 Acapulco    
Cyprus has links with Netherlands
🇨🇾 Agros🇳🇱 Meerssen    
Cyprus has links with Poland
🇨🇾 Agros🇵🇱 Chojna    
Cyprus has links with Portugal
🇨🇾 Agros🇵🇹 Sesimbra    
Cyprus has links with Qatar
🇨🇾 Nicosia🇶🇦 Doha    
Cyprus has links with Romania
🇨🇾 Nicosia🇷🇴 Bucharest     🇨🇾 Kyrenia🇷🇴 Bucharest     🇨🇾 Kyrenia🇷🇴 Rădăuți     🇨🇾 Karavas🇷🇴 Suceava     🇨🇾 Larnaca🇷🇴 Tulcea    
Cyprus has links with Serbia
🇨🇾 Germasogeia🇷🇸 Stari Grad    
Cyprus has links with Russia
🇨🇾 Aglandjia🇷🇺 Azov     🇨🇾 Ayia Napa🇷🇺 Gelendzhik     🇨🇾 Ayia Napa🇷🇺 Ivanovo     🇨🇾 Larnaca🇷🇺 Krasnodar     🇨🇾 Ayia Napa🇷🇺 Metallostroy    
Cyprus has links with Slovenia
🇨🇾 Agros🇸🇮 Škofja Loka     🇨🇾 Morphou🇸🇮 Slovenj Gradec    
Cyprus has links with Slovak Republic
🇨🇾 Larnaca🇸🇰 Bratislava     🇨🇾 Paphos🇸🇰 Košice     🇨🇾 Pano Lefkara🇸🇰 Medzev     🇨🇾 Agros🇸🇰 Zvolen    
Cyprus has links with Turkey
🇨🇾 Kyrenia🇹🇷 Adana     🇨🇾 Akanthou🇹🇷 Altınova     🇨🇾 Agios Sergios🇹🇷 Altınova     🇨🇾 Agios Epiktitos🇹🇷 Altınova     🇨🇾 North Nicosia🇹🇷 Ankara     🇨🇾 Famagusta🇹🇷 Antalya     🇨🇾 Nicosia🇹🇷 Bağcılar     🇨🇾 Mehmetçik🇹🇷 Bağcılar     🇨🇾 Lefka🇹🇷 Bergama     🇨🇾 Pergamos🇹🇷 Bergama     🇨🇾 Güzelyurt🇹🇷 Beşiktaş     🇨🇾 Trikomo🇹🇷 Beykoz     🇨🇾 North Nicosia🇹🇷 Bursa     🇨🇾 Lapithos🇹🇷 Büyükçekmece     🇨🇾 Kyrenia🇹🇷 Çankaya     🇨🇾 Karavas🇹🇷 Çınarcık     🇨🇾 Lefka🇹🇷 Elmadağ     🇨🇾 Nicosia🇹🇷 Esenyurt     🇨🇾 Kyrenia🇹🇷 Eskişehir     🇨🇾 Kyrenia🇹🇷 Eskishehir     🇨🇾 North Nicosia🇹🇷 Gaziantep     🇨🇾 Kythrea🇹🇷 Gebze     🇨🇾 Nicosia🇹🇷 Istanbul     🇨🇾 Famagusta🇹🇷 İzmir     🇨🇾 North Nicosia🇹🇷 İzmir     🇨🇾 Agios Sergios🇹🇷 İzmit     🇨🇾 Pergamos🇹🇷 Karaman     🇨🇾 Kyrenia🇹🇷 Karşıyaka     🇨🇾 Esentepe🇹🇷 Kartal     🇨🇾 Agios Epiktitos🇹🇷 Kaş     🇨🇾 Lapithos🇹🇷 Kemer     🇨🇾 Pergamos🇹🇷 Kepez     🇨🇾 Lefka🇹🇷 Malatya     🇨🇾 Morphou🇹🇷 Manisa     🇨🇾 Mórfou🇹🇷 Manisa     🇨🇾 Famagusta🇹🇷 Mersin     🇨🇾 Agios Epiktitos🇹🇷 Mezitli     🇨🇾 Kyrenia🇹🇷 Mudanya     🇨🇾 Kyrenia🇹🇷 Muratpaşa     🇨🇾 Famagusta🇹🇷 Nilüfer     🇨🇾 Agios Sergios🇹🇷 Osmangazi     🇨🇾 Galáteia🇹🇷 Osmangazi     🇨🇾 Mehmetçik🇹🇷 Osmangazi     🇨🇾 Trikomo🇹🇷 Samsun     🇨🇾 Pergamos🇹🇷 Sarıyer     🇨🇾 Lefka🇹🇷 Silifke     🇨🇾 Akanthou🇹🇷 Tarsus     🇨🇾 Kyrenia🇹🇷 Yalova     🇨🇾 Lefkoniko🇹🇷 Yalova     🇨🇾 Geçitkale🇹🇷 Yalova    
Cyprus has links with Ukraine
🇨🇾 Geroskipou🇺🇦 Kharkiv     🇨🇾 Polis🇺🇦 Kharkiv     🇨🇾 Larnaca🇺🇦 Odesa     🇨🇾 Nicosia🇺🇦 Odesa     🇨🇾 Nicosia🇨🇾 Larnaca
Cyprus has links with USA
🇨🇾 Larnaca🇺🇸 Tarpon Springs