The Cyprus Investment Promotion Agency (CIPA) was established as a registered not-for-profit company limited by guarantee, funded by the Cyprus government. "Invest Cyprus" is the brand under which CIPA takes the lead in promoting Cyprus as an attractive FDI destination.
The Agency has operated since January 2008 and follows a threefold mandate:
1. To promote Cyprus as an attractive international investment centre in key priority growth sectors;
2. To advocate reform in Cyprus required to improve the regulatory and business environment and infrastructure;
3. To provide investor support with aftercare and further services.
The government has approved a package of tax incentives to boost the start-up sector and innovation in Cyprus, as the Undersecretary to the President, Constantinos Petrides, announced on Wednesday. ...
In order to enhance foreign investment intensity, the FDI policy has been liberalised for both EU and non-EU nationals. Subsequently, administrative procedures have been simplified and no limitations apply in most sectors of the economy, as per the minimum level of investment and the foreigners/ participation percentage.
International companies may invest and establish business in Cyprus on ...
Selected success stories of already established foreign investments in Cyprus are provided below. New success stories are periodically added in this section.
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The first signs of civilization in Cyprus, the third largest island in the Mediterranean Sea, are traced back to the 9th millennium B.C. According to mythology, Aphrodite, the ancient Greek goddess of love and beauty, was born from the foam of the sea on the southwestern coast of Cyprus, near the city of Pafos.
The geographic position of the island has been a blessing and a curse at the same. ...
Economic recovery in Cyprus is expected in record time, despite the challenges faced in the last years. Thanks to the Government's commitment to achieving economic recovery and growth, Cyprus has managed to turn the page, successfully facing the island's economic challenges, and establish itself as a thriving business center.
The following recent economic statistics ...