Before getting to it, you might wonder why we have even decided to choose Cypriot digital agencies market to enter and operate in. The decision was tough at the beginning due to the market size, but as we looked into the market further, we got convinced that there are many opportunities here in this beautiful island. Opportunities and positive points like:
- Low competition with few quality-rich agencies in the market.
- Limassol! The city of multi-national companies headquarters. Lots of fish out there!
- Plentiful market gaps and marketing methods that haven’t been tested in Cyprus yet.
- New industries popping up in the island, e.g. upcoming possible marijuana market, cryptocurrency, etc.
- Fruitful young talents with cheaper labor costs.
- Climate, beach, food and the laid-back lifestyle (this was also in our cons list!)
However, let’s get back to the point. Having started working in the market and continuously doing the research, we tried to summarize our up-to-date experience and highlighted the following six impressions.