Cyprus - Country Commercial Guide
Market Opportunities

Overview of best prospect sectors, major infrastructure projects, significant government procurements and other business opportunities

Last published date: 2021-09-30

U.S. trade and investment are welcome all across the island.  Despite delays caused by COVID-19, energy exploration, exploitation, ancillary services, infrastructure construction, trading of natural gas, and alternative energy source generation hold significant promise for U.S. business.  The ROC’s digital transformation efforts, accelerated by COVID-19 and EU recovery funds, present significant opportunities (please see Leading Opportunities chapter for specific projects).  Moreover, U.S. products, technology, brands, and services are often sought after in healthcare, shipping, academia, scientific research and development, financial services, environmental protection technology, and tourism infrastructure development projects.  There is an emerging start-up ecosystem providing a variety of opportunities for potential investors.  Cyprus startups need relatively modest amounts of venture capital and mentoring.

Turkish Cypriot businesses are interested in working with American companies in the fields of agriculture, hospitality, renewable energy, and retail franchising.  Significant Turkish aid and investment flows to the “TRNC.”