Investing in Cyprus -
Foreign Investors Service Centre
“The One-Stop Shop constitutes the central agency of information, support and foreign investors’ relations”
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One of the primary objectives of the Government’s development policy is to foster the infusion of foreign investment in all economic sectors. Towards this end, a Foreign Investors Service Centre operates under the auspices of the Ministry of Commerce, Industry and Tourism, located at the Ministry’s headquarters in Nicosia.
The Centre operates as a full-service “One-Stop Shop” for foreign-based companies interested in investigating investment opportunities in Cyprus. It constitutes the central agency of information, support, and foreign investors’ relations. It plays a vital role in attracting FDIs in targeted industries, especially focusing on the development of high technology products, the enhancement of R&D and technology transfer; fields essential for the upgrading and the enrichment of production capacity and the productive fabric’s competitiveness.
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The Centre’s activities include:
- Promotion of Cyprus as an international business as well as an R&D centre.
- Organization of promotional activities for the dissemination of Cyprus’s competitive advantages and encouragement of foreign investment.
- Provision of information to investors regarding financial, legal and taxation matters in implementing a project in Cyprus.
- Provision of advice to potential investors regarding the most effective way of making use of the package of the various benefits offered (e.g. Grant Schemes).
- Liaising with various governmental departments and facilitating the process of granting the necessary approvals, such as the work permits, required for implementing projects.
- Provision of aftercare service aimed at anchoring existing investors and encouraging them to upgrade their activities in Cyprus.
- Finally, the Centre is a member of ANIMA, the Euro-Mediterranean Network of investment Promotion Agrencies (IPAs), in an effort of associating, exchanging best practices, and improve FDI attraction capabilities among the IPAs of the EU and MEDA countries.
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