Christodoulos E. Angastiniotis

Chairman of the Board of CIPA

Cyprus offers many and significant benefits for foreign investors searching for a safe and secure location either to headquarter businesses or as a bridge of economic co-operation conducive to investments. The island has transformed into an international business centre that offers specialized services and rewarding business opportunities catering for the diverse needs of international investors.

Cyprus has a modern, free-market, service-based economy, which in conjunction with its effective, transparent and constantly improved-upon regulatory and legal framework, offers international investors and domestic businesses the confidence to invest, grow and prosper.

Today, we are all experiencing the results of the global economic crisis. Cyprus has been introducing significant reforms to lower the public debt and retain a stable financial environment with sustainable growth. Moreover, the Government of Cyprus is constantly taking measures aimed at further enhancing the attractiveness of the island as an investment destination. These measures include systemic changes, legislative reforms and infrastructure improvements that should further enhance competitiveness. Naturally these steps shall contribute towards a more investment-friendly environment, economic stability and more incentives for foreign investors.

Attracting Foreign Direct Investment (FDI) into the country constitutes a vital condition for a healthy recovery and the development in Cyprus today. Investments will drive the growth of the economy while also creating new employment opportunities.

Cyprus has always been very open to FDI and has for years established an extraordinarily inviting and appealing business environment. Cyprus, a member of the European Union and the Euro Zone, offers the lowest corporate tax rate in Europe, but it also embraces foreign investors with its inherent hospitality. Furthermore, Cyprus offers a highly trained and developed professional services sector, excellent infrastructure and communications network, a modern and transparent legal and tax framework as well as a wealth of talent in highly educated and multilingual human capital. Cyprus, as a traditional service centre offers high quality services at very competitive rates. These services include banking, tax, accounting, auditing, business administration, legal, and investment and fund management.

All these paired with the island’s enviable quality of life are the key ingredients that have made Cyprus stand out from the Global Investment Map. Cyprus has developed into a bridge of cooperation and as a gateway for investments both within and outside the EU. Cyprus will continue to evolve into a more dynamic international business centre that can cater to the multiple needs of investors and enhance the ease of doing business, offering an atmosphere that makes business pleasurable and profitable.

GREEK LAW DIGEST Web Portal of the Republic of Cyprus CYPRUS INVEST PROMOTION AGENCY
ΝΟΜΙΚΗ ΒΙΒΛΙΟΘΗΚΗ ΚΥΠΡΙΑΚΟ ΕΜΠΟΡΙΚΟ ΚΑΙ ΒΙΟΜΗΧΑΝΙΚΟ ΕΠΙΜΕΛΗΤΗΡΙΟ CYPRUS BAR ASSOCIATION
     

 

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