Cyprus - Country Commercial Guide
eCommerce

Describes what a company needs to know to take advantage of e-commerce in the local market and covers prominent B2B websites.

Last published date: 2021-09-30

Republic of Cyprus:

The Republic of Cyprus is working to enhance digital skills and help expand e-Commerce on the island.  While in the past individuals and companies were skeptical about using e-Commerce, COVID-19 economic conditions accelerated the use of online services from supermarkets to online food deliveries, and clothing sales and purchases, among others.  The pandemic brought e-Commerce to the forefront and helped Cypriot consumers warm up to the idea faster than anticipated.  While web-based trade remains relatively small, it is steadily growing.  Most companies now have their own websites, Facebook pages, and an increased social media presence.  Cypriots are becoming accustomed to online financial services for routine transactions rather than walking into their local branch bank.  The Government is also improving its websites and offers more services and information through the Web, including through its recently created government gateway portal Ariadni.  For the Government’s main website please see here.

Area Administered by Turkish Cypriots:

E-commerce is limited but growing.  Online banking services are advanced, as competition is fierce from Turkey-based banks.  Most “government” offices and “ministries” have a website, and some are starting to offer services mainly in Turkish.  However, in general the Turkish Cypriot authorities continue to lag behind the private sector in this regard.