The Cyprus Ministry of Finance has announced an extension of the incentive for investment in innovative and start-up companies for independent private investors by 18 months. The incentive provides that a qualifying investment may be deducted from taxable income, with a limit equal to the lower of 50% of taxable income in a year or EUR 150,000. Any surplus may be carried forward for up to five years. Qualifying investments may be made directly or through an investment fund. Qualifying condit…