Nicosia:The Cabinet has approved a new de minimis aid scheme to support Cypriot businesses participating in five international trade fairs in the services sector, including technology. The scheme involves a national pavilion organized by the Ministry of Commerce and Energy.

According to Cyprus News Agency, the aid provided can reach up to £13,450 per beneficiary per exhibition. This financial support will cover costs such as renting exhibition space, constructing and equipping stands, participation fees, and the installation and consumption of electricity and water. Additionally, expenses for interpreting services at the stands are included.

The international exhibitions are set to focus on various sectors such as technology and innovation, investment fund management, aircraft maintenance, and shipping. These include the GITEX AI Serbia 2027 in Belgrade, FundForum International 2027 in Monte Carlo, GITEX Global 2027 in Dubai, MRO Europe 2027 in Amsterdam, and Marintec China 2027 in Shanghai.

By organizing a national pavilion, Cyprus aims to promote itself as a business hub in these sectors and provide local service providers with opportunities for networking and collaboration. Legal entities operating in relevant sectors are eligible to apply for the scheme.

Interested applicants can refer to the information guide for further details on the application process. Applications are accepted in person, by registered post, or by private courier until 27 November 2026.