Cyprus is establishing itself as an innovation hub, ranking 15th worldwide and 1st in Southern Europe according to the Innovators Business Environment Index (IBEI) 2026 by StartupBlink, the Research and Innovation Foundation (RIF) said in an announcement.
According to the RIF, key achievements include Cyprus ranking 1st in the EU and 10th globally in Taxation, and 2nd in the EU in Business Incentives, ‘reflecting highly attractive fiscal and financial conditions’. Cyprus is also within the top 25% worldwide Global Leaders for key indicators (corporate tax, capital gains, and dividend tax rates).
‘This high ranking demonstrates that Cyprus has strong foundations for further growth. The country offers one of the most competitive environments for innovation, according to the report, and the RIF’s initiatives facilitate scientific and commercial endeavors’, it said.
It is noted that the IBEI Index evaluates over 125 countries across 30 parameters, focusing on operational ease, incentives, and global market perception.