The Melbourne-based start-up HUMRN confirmed its decision to relocate its headquarters to Cyprus earlier this year, with its corporate seat set to be based in Limassol.
"The island’s expanding catalogue of digital-nomad and start-up incentives, combined with access to EU markets, outweighed larger hubs such as Berlin and Dublin," said HUMRN CEO David May in an interview with the news portal Cyprus Inform.
HUMRN designs and deploys technology that helps both individuals and organisations understand, adapt, and perform in complex, high-pressure environments through human-centred AI tools.
The firm announced plans to transfer eight senior managers and hire up to 40 software engineers locally over the next 18 months.
It explained that the relocation of staff was facilitated under the island's Company Relocation Fast-Track scheme, which offers 12-month work permits for key personnel and dependent family members, renewable for up to five years.
May added that the long-standing issue of bureaucracy has also "improved drastically" since online application portals were introduced last year, cutting average processing time to four weeks.
HUMRN's move to Cyprus underscores the island's growing attractiveness as an alternative EU base: English is widely spoken, the non-dom tax regime caps personal income tax at 17 per cent for newcomers, and the intellectual-property box offers a 2.5 per cent effective tax rate on qualifying software income.
The Research Deputy Ministry welcomed HUMRN, calling it "proof that talent-visa reforms are paying off."
