In an exclusive interview with Forbes Magazine, Michael Ioannou, CIO and TechLaw Consultant at Elias Neocleous & Co LLC, examines the transformative role of digital innovation and international networking in shaping Cyprus’ economic development. He emphasises the island’s strategic commitment to digitisation, supported by initiatives such as the IP Box regime, which has strengthened Cyprus’ position as an attractive hub for tech-focused foreign investment.
Additionally, Michael highlights the importance of cross-border collaboration in linking local innovation with global markets, further cementing Cyprus’ reputation as the “New Tech Island.” He also discusses the necessity of aligning with evolving EU regulatory frameworks, including GDPR and DORA, to ensure resilience and compliance. Through embracing digital transformation and fostering international alliances, Cyprus is carving out a competitive edge in emerging sectors such as FinTech, RegTech, and digital compliance, while driving entrepreneurship and sustainable economic growth.
The full interview can be viewed online in Forbes magazine.
For further information, please reach out to Michael Ioannou.
