BrainRocket has left Cyprus. It recently became known that the company’s offices in Limassol had been vacated over the past month in at least two different areas of the city. The company’s signs have been removed from the building facades. Some employees are still working remotely from Cyprus pending further instructions. However, most staff have already been relocated to Spain and other countries where the company continues its operations.
BrainRocket had operated in Limassol for around 10 years. During this time, the Israeli-backed company, which specialises in software development, gaming products and online payment solutions, became part of the local technology sector.
How BrainRocket’s departure from Cyprus began
The large-scale reduction of the company’s presence on the island began in the summer of 2025. At that time, BrainRocket decided to move a significant part of its operations from Limassol to Spain, primarily to Valencia. The Cyprus division then employed around 1,500 people, and the restructuring affected more than 1,000 employees. Hundreds of workers were offered relocation, mainly to Valencia. A significant number accepted the offer and left Cyprus.
For many foreign specialists, relocation packages included support with the move. BrainRocket subsequently focused its recruitment efforts increasingly on Valencia: some vacancies required mandatory relocation to Spain, while the company provided flights and temporary accommodation. At the same time, the situation did not yet appear final last year. After the first reports of the company’s possible departure from Cyprus, there were expectations that BrainRocket would retain a significant part of its operations on the island.
Why plans to retain the business in Cyprus did not work out
Following a meeting with Cyprus President Nikos Christodoulides, it was reported that the company might continue operating in the country and retain a significant number of employees. It was expected that staff transferred abroad would be replaced by new specialists hired in Cyprus. Similar expectations were reflected in subsequent reports. At the same time, the Cyprus Chamber of Commerce and Industry (KEBE) urged against drawing final conclusions based on incomplete information.
Over the following year, however, the situation developed in a different direction. Employees continued to leave the company, more operations were moved outside Cyprus, and BrainRocket’s physical presence in Limassol gradually declined. All known office and leased premises used by the company in the city have now been closed.
Interestingly, the company itself has not made a public statement announcing the complete closure of its Cyprus offices.
What BrainRocket’s departure means for Limassol
The departure of a major technology employer could affect not only the labour market but also Limassol’s business infrastructure. BrainRocket leased several office premises, and there were also previous reports of accommodation provided for employees. The reduction in the company’s activities means commercial space is being released and there are fewer specialists living and working in the city on a daily basis.
At the same time, the impact on the labour market has been mixed. Some specialists who decided to remain in Cyprus after the first wave of relocations were able to find jobs with other technology and forex companies in Limassol.