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 [1.1841 GBP] | Asia/Famagusta | Asia/Nicosia |
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 |
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 Austria
🇨🇾 Agros, 🇦🇹 Judenburg
Cyprus has links with Australia
🇨🇾 Larnaca, 🇦🇺 Marrickville
Cyprus has links with Azerbaijan
🇨🇾 Akanthou, 🇦🇿 Sumqayit 🇨🇾 Agios Sergios, 🇦🇿 Zabrat 🇨🇾 Agios Epiktitos, 🇦🇿 Zabrat
Cyprus has links with Belgium
🇨🇾 Agros, 🇧🇪 Houffalize
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 🇨🇾 Agros, 🏴 Sherborne 🇨🇾 Agros, 🏴 Sherbourne
Cyprus has links with Spain
🇨🇾 Agros, 🇪🇸 Altea
Cyprus has links with Finland
🇨🇾 Agros, 🇫🇮 Asikkala
Cyprus has links with France
🇨🇾 Larnaca, 🇫🇷 Ajaccio 🇨🇾 Dali, 🇫🇷 Combs-la-Ville 🇨🇾 Geroskipou, 🇫🇷 Fouras 🇨🇾 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
🇨🇾 Geroskipou, 🇬🇷 Agia Paraskevi 🇨🇾 Kythrea, 🇬🇷 Aigaleo 🇨🇾 Lakatamia, 🇬🇷 Alexandroupolis 🇨🇾 Episkopi, 🇬🇷 Argos 🇨🇾 Famagusta, 🇬🇷 Athens 🇨🇾 Nicosia, 🇬🇷 Athens 🇨🇾 Engomi, 🇬🇷 Chania 🇨🇾 Famagusta, 🇬🇷 Chania 🇨🇾 Polis, 🇬🇷 Chania 🇨🇾 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 🇨🇾 Mesa Geitonia, 🇬🇷 Kalyvia Thorikou 🇨🇾 Engomi, 🇬🇷 Karpenisi 🇨🇾 Pano Lefkara, 🇬🇷 Kolindros 🇨🇾 Karavas, 🇬🇷 Kythira 🇨🇾 Paphos, 🇬🇷 Lamia 🇨🇾 Larnaca, 🇬🇷 Larissa 🇨🇾 Larnaca, 🇬🇷 Leros 🇨🇾 Germasogeia, 🇬🇷 Litochoro 🇨🇾 Lakatamia, 🇬🇷 Marousi 🇨🇾 Famagusta, 🇬🇷 Missolonghi 🇨🇾 Morphou, 🇬🇷 Missolonghi 🇨🇾 Paphos, 🇬🇷 Mytilene 🇨🇾 Famagusta, 🇬🇷 Patras 🇨🇾 Limassol, 🇬🇷 Patras 🇨🇾 Strovolos, 🇬🇷 Pefki 🇨🇾 Larnaca, 🇬🇷 Piraeus 🇨🇾 Agros, 🇬🇷 Preveza 🇨🇾 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 Croatia
🇨🇾 Agros, 🇭🇷 Rovinj
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
🇨🇾 Agros, 🇲🇹 Marsaskala 🇨🇾 Ayia Napa, 🇲🇹 Mellieħa 🇨🇾 Morphou, 🇲🇹 Zurrieq
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 🇨🇾 Agros, 🇷🇴 Siret 🇨🇾 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 Sweden
🇨🇾 Agros, 🇸🇪 Oxelösund
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 🇨🇾 Kyrenia, 🇹🇷 Anamur 🇨🇾 North Nicosia, 🇹🇷 Ankara 🇨🇾 Famagusta, 🇹🇷 Antalya 🇨🇾 Galáteia, 🇹🇷 Bağcılar 🇨🇾 Nicosia, 🇹🇷 Bağcılar 🇨🇾 Mehmetçik, 🇹🇷 Bağcılar 🇨🇾 Lefka, 🇹🇷 Bergama 🇨🇾 Pergamos, 🇹🇷 Bergama 🇨🇾 Güzelyurt, 🇹🇷 Beşiktaş 🇨🇾 Trikomo, 🇹🇷 Beykoz 🇨🇾 Karavas, 🇹🇷 Bornova 🇨🇾 North Nicosia, 🇹🇷 Bursa 🇨🇾 Lapithos, 🇹🇷 Büyükçekmece 🇨🇾 Trikomo, 🇹🇷 Büyükçekmece 🇨🇾 Kyrenia, 🇹🇷 Çankaya 🇨🇾 Karavas, 🇹🇷 Çınarcık 🇨🇾 Lefka, 🇹🇷 Elmadağ 🇨🇾 Nicosia, 🇹🇷 Esenyurt 🇨🇾 Kyrenia, 🇹🇷 Eskişehir 🇨🇾 Kyrenia, 🇹🇷 Eskishehir 🇨🇾 Trikomo, 🇹🇷 Finike 🇨🇾 North Nicosia, 🇹🇷 Gaziantep 🇨🇾 Karavas, 🇹🇷 Gazipaşa 🇨🇾 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 🇨🇾 Trikomo, 🇹🇷 Mamak 🇨🇾 Morphou, 🇹🇷 Manisa 🇨🇾 Mórfou, 🇹🇷 Manisa 🇨🇾 Famagusta, 🇹🇷 Mersin 🇨🇾 Agios Epiktitos, 🇹🇷 Mezitli 🇨🇾 Kyrenia, 🇹🇷 Mudanya 🇨🇾 Kyrenia, 🇹🇷 Muratpaşa 🇨🇾 Famagusta, 🇹🇷 Nilüfer 🇨🇾 Agios Sergios, 🇹🇷 Osmangazi 🇨🇾 Galáteia, 🇹🇷 Osmangazi 🇨🇾 Mehmetçik, 🇹🇷 Osmangazi 🇨🇾 Trikomo, 🇹🇷 Pendik 🇨🇾 Trikomo, 🇹🇷 Samsun 🇨🇾 Pergamos, 🇹🇷 Sarıyer 🇨🇾 Lefka, 🇹🇷 Silifke 🇨🇾 Akanthou, 🇹🇷 Tarsus 🇨🇾 Kyrenia, 🇹🇷 Yalova 🇨🇾 Lefkoniko, 🇹🇷 Yalova 🇨🇾 Geçitkale, 🇹🇷 Yalova 🇨🇾 Trikomo, 🇹🇷 Yenişehir
Cyprus has links with Ukraine
🇨🇾 Geroskipou, 🇺🇦 Kharkiv 🇨🇾 Polis, 🇺🇦 Kharkiv 🇨🇾 Larnaca, 🇺🇦 Odesa 🇨🇾 Nicosia, 🇺🇦 Odesa 🇨🇾 Nicosia, 🇨🇾 Larnaca,
Cyprus has links with USA
🇨🇾 Larnaca, 🇺🇸 Tarpon Springs