American tech giant Wrike opens office in Cyprus

The number of large international companies that choose Cyprus as a country to conduct their business is actively growing.

On Wednesday, January 25, the local agency Invest Cyprus announced that the American giant Wrike had opened its office in the Nicosia City Centre.

Wrike chose Nicosia as the ideal location for its Cyprus headquarters. It is known that at the initial stage, 150 employees will get jobs in the office of the company. Among them are specialists of the marketing and customer support department, as well as engineering and financial departments.

Wrike specializes in project management. Airbnb, HootSuite, and TGI Fridays, for example, run their businesses partly with Wrike.

Wrike CEO Andrew Filev emphasized that Cyprus is an ideal place to increase activity in the European direction and enter new markets for the company.

Our company has chosen an excellent jurisdiction, thanks to which we can focus on building the world's most powerful work management platform. The help we received from Invest Cyprus was valuable and professional. We hope that our presence in Cyprus will help strengthen the position of the island nation as a major technology center in Europe,” Andrew said.

It is worth mentioning that Cyprus is considered the best financial and business center in the EU due to its favorable tax and legal system.

Here, companies do not face a lot of bureaucratic procedures and can obtain a payment institution license that will be valid in any EU country. In addition, the Cypriot government recently approved new tax incentives for highly qualified foreign specialists, which is an undoubted advantage for the country.

In turn, George Campanellas, Chief Executive Officer of Invest Cyprus, noted that to date, companies from the fields of information and financial technologies have created more than 10 thousand jobs in Cyprus.

Wrike's decision to open an office in Cyprus is proof that we are moving in the right direction and are able to attract large technology companies and IT professionals,” said Campanellas.

In addition, Campanellas said that interest from technology companies in Cyprus continues to grow, turning the IT sector into a key pillar of economic growth.

The global shortage of digital talent continues to affect the industry as a whole. So it's no wonder that high-growth companies like Wrike, which prioritize attracting new talent, are out of the box. Wrike's decision is not only a vote of confidence in Cyprus, but also a testament to the overall economic strength of the island, Campanellas stressed.

Detailed information about all projects in Nicosia can be obtained from the specialists of the No. 1 real estate agency in Cyprus DOM by phone +357 22 030670, or in person at: Archiepiskopou Makariou III 1, Lakatamia 2324, Nicosia, Cyprus.