Business Daily Cyprus has a 'brain gain' plan
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Oct 6, 2025 Cyprus is rolling out an initiative to attract expatriates back, specifically in science and tech sectors. The country offers tax breaks and highlights the advantages of returning home. Discussions include balancing career motivations against living costs. Concerns arise about a potential two-tiered system and housing barriers for returnees. The government aims to use returning talent to entice foreign firms. Comparisons to other nations' diaspora strategies reveal a trend in global talent acquisition. Will these measures convince enough professionals to relocate?
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Government-Backed Brain Gain Initiative
- Cyprus launched the Minds in Cyprus 'Brain Gain' to attract diaspora talent in STEM and innovation with tax cuts and housing support.
- The programme bundles fiscal incentives, education and healthcare help to make return financially and practically easier.
A Young Professional's Reason To Leave
- Nicholas left Cyprus seven years ago for career reasons and works as a paralegal in London.
- He says higher-paid roles and bigger companies in Cyprus would make returning attractive.
Diaspora Is A Huge Talent Pool
- Deputy Minister Irene Piki says Cyprus has nearly as many people abroad as at home and needs talent for growing sectors like ICT and green tech.
- She frames the initiative as a timely opportunity to bring back skilled professionals to build a knowledge-based economy.