Establishing a Business in Cyprus
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 equal terms with local investors. Foreign investors can register a company directly with the Registrar of Companies, and obtain any licence, if needed, from the appropriate authority depending on the nature of investment. Investors may address to the Investors Service Centre of the Ministry of Commerce, Industry, and Tourism for further guidance and direction on a case by case basis.
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Cyprus join the Euro zone on January 1st, 2008
As a result of this, all Cyprus entities are required to convert their share capital from pounds to euro.The conversion to euro must be filed with the Registrar of Companies latest by the end of 2008.
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Foreign Investors Service Centre in Cyprus
The Investors Service Centre operates under the auspices of the Ministry of Commerce, Industry, and Tourism and aims at fostering foreign direct investments, attending foreign investors' needs as well as promoting Cyprus as an international business and investment centre.
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Establishing a Business in Cyprus
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.
