Innovative SME CertificateInga Greidane
We are proud to announce that last month (October 2019) RadiantFleet was awarded the Innovative SME Certificate in recognition of our continuous investment in research and development.
The National Policy Statement for the Enhancement of the Entrepreneurial Ecosystem in Cyprus is a joint action involving all actors of the entrepreneurial ecosystem to exploit business potential, as well as to remove existing barriers and establish a new, growth-oriented, entrepreneurial culture in Cyprus. One of the major actions of this framework was implemented by the Ministry of Finance in cooperation with the Unit of Administrative Reform – Presidency. This took the form of a revision of the Income Tax Law (effective as of January 1, 2017) and created an attractive incentive through tax relief to individuals investing in innovative companies, either directly or through an investment fund.
RadiantFleet has successfully completed the process for obtaining certification and The Ministry of Finance has approved our application and characterized the company as an “innovative small and medium-sized enterprise (SME)”. The certificate will be valid for three years, until 24/10/2022.