The Cyprus Enterprise Development Organisation Law no. 124 (I) of 2026.

This Law, divided into eleven parts, provides for the establishment of the Cyprus Enterprise Development Organisation, whose objectives are: facilitating access to financing for beneficiary enterprises to address market failures and weaknesses and to ensure the optimal channelling of European and other funds; ensuring the promotion and support of entrepreneurship and the strengthening of the extroversion and competitiveness of beneficiary enterprises; supporting the innovation of beneficiary enterprises, including the promotion and support of their digital and green transition; increasing investments and using European funds for beneficiary businesses; contributing to the achievement of social and environmental objectives for sustainable development. The Law describes powers and responsibilities of the Cyprus Enterprise Development Organisation; administration of the Organisation; cooperation of the Organisation with other authorities and services in the Republic; obligation to maintain confidentiality and related offences; appointment of employees; establishment of a risk assessment and management unit; identification of financial market weaknesses and defining strategic priorities; financial provisions and budget of the Organisation.