On 1 January 2017, a new incentive for investment in innovative and start-up companies entered into force in Cyprus for independent private investors. The incentive provides that a qualifying investment may be deducted from taxable income, with a limit equal to the lower of 50% of taxable income in a year or EUR 150,000. Any surplus may be carried forward for up to five years. Qualifying investments may be made directly or through an investment fund. Qualifying conditions for an invested company include that the company is operating in Cyprus, has been approved by the Ministry of Finance as an...