The four-day event will be held at the Coral Beach Hotel & Resort for around 30 support staff and 250 winners.
Delegates will include 25 President's Club members - its top-level VIP attendees who have consistently made a certain number of sales.
The programme will include a one-day convention and a gala dinner.
Nikken Europe digital marketing and events co-ordinator Erin Moran said: "We looked at the destinations based on ease of access and bang for our buck - in Cyprus, you can get a lot more for your money."
TMB was appointed to organise the event following a four-way pitch.