Following Eurisko Mobility, Swiss technology giant Sword Group announced that it intends to open an office in Cyprus.
Sword Group is a company that operates in 20 countries around the world and has more than 2 thousand employees.
Sword Group specializes in strategic multinational corporations such as Google and IBM. The company offers software solutions in the field of enterprise risk management (ERM), project management, business intelligence, intellectual property rights management, etc. Sword Group serves various industries, including banking and insurance, legal services, healthcare, public sector, sports and transport.
It is expected that at the initial stage, Sword Group will open offices in Engomi, Nicosia, where it will relocate its employees from Lebanon.
The company also plans to create new jobs in Cyprus.
It is worth noting that the turnover of the company traded on the Swiss Stock Exchange reached 213 million euros in 2020, and it is expected that this figure will remain in 2021, judging by the picture reflected in its results for nine months.
As you may know, Cyprus is considered the best financial and business center in the EU due to a favorable tax and legal system. Here, companies do not face a large number of bureaucratic procedures and can issue a license of a payment institution that will operate in any EU country.
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