Innovative SME Certificate in Cyprus

Dcentric Health awarded the Innovative SME Certificate in Cyprus

Dcentric Health Ltd, the creators behind Aria, are proud to announce that they have been approved by the Ministry of Finance in Cyprus as Innovative SME on 7th June 2019. This is a great achievement recognising Dcentric’s innovative nature and future possibilities.

Specifically, it introduces new benefits and incentives for future investors in Dcentric Health.

1. Cyprus Citizenship through Investment System

As of May 2019, the law for those wishing to acquire a Cypriot passport under the Cyprus Investment Program, will be required to make a donation of €75,000 to the Foundation for Research and Innovation, or make an investment of €75,000 in an innovative business which has acquired an innovative SME certificate from the Ministry of Finance. At July 2019, Cyprus was one of only 20 approved businesses.

2. Tax incentives for Cyprus tax residents

In January 2017, Cyprus introduced a tax incentive for individuals investing in innovative companies in Cyprus. Based on the incentive, the investors may deduct the cost of their investment from their taxable income:

  • up to 50% of their taxable income per year;
  • can carry forward for 5 years;
  • up to €150,000 total investment per individual.